Listed by Revel Realty Inc..

520 Elizabeth Street is a Duplex, 1 1/2 Storey and is currently for Sale @ $999,500. Taxes in 2023 were $7,014.00.

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TURN KEY INCOME PROPERTY IN THE HEART OF MIDLAND. The 1 1/2 Storey on 520 Elizabeth Street has 2 bedrooms, 3 bathrooms, and is located on a 96.88 x 52.61 ft lot in the community of Midland . A prime investment opportunity in vibrant downtown Midland. This unique property boasts 2 spacious, turnkey 2-bedroom apartments, a detached garage, & commercial space, designed to maximize your income potential while offering an exceptional lifestyle. 2 SPACIOUS 2-BEDROOM APARTMENTS: Each apt features a well-laid-out design with separate entrances, ensuring privacy and convenience for tenants. Both units are fully rented on month-to-month leases, offering immediate rental income: DETACHED GARAGE: Additional rental income potential with a fully rented detached garage: COMMERCIAL SPACE: The commercial space is currently leased to the successful Laundry Boutique called Downtown Laundry. You can purchase the building and land and lease to the existing business or buy the Laundry Boutique business separately for an added income stream. LOCATION, LOCATION, LOCATION: PRIME DOWNTOWN LOCATION: Situated in the heart of downtown Midland, this property is within walking distance to charming shops, delightful restaurants, the town dock, and waterfront trails perfect for biking, walking, and rollerblading. QUAINT AND SCENIC: Enjoy the quaint ambiance of Midland, set on the picturesque shores of Georgian Bay. The area offers a perfect blend of small-town charm and modern conveniences: INVESTMENT POTENTIAL: HIGH DEMAND RENTAL AREA: Midland's downtown area is a sought-after location, ensuring high demand for rental properties: FLEXIBLE PURCHASE OPTIONS: Whether you choose to lease the commercial space to the current owner or purchase the thriving Laundry Boutique business, the income potential is substantial. Don't miss this exceptional opportunity to invest in a thriving community with a strong rental market and a vibrant downtown lifestyle. For more details and a financial breakdown, contact us today. Explore the possibilities of owning a successful business or enjoying a steady rental income in beautiful Midland.

The address 520 Elizabeth Street was listed for sale (MLS# S8364300) on Wednesday, May 22, 2024.