$ 525.000
Ontario Midland Md 01 East Of King Street
4pc Bathroom - 538 Nelson Street, Midland, ON L4R4W3 Photo 1
20 Photos
Bedroom - 538 Nelson Street, Midland, ON L4R4W3 Photo 2
Bedroom - 538 Nelson Street, Midland, ON L4R4W3 Photo 3
Primary Bedroom - 538 Nelson Street, Midland, ON L4R4W3 Photo 4
Kitchen - 538 Nelson Street, Midland, ON L4R4W3 Photo 5

538 Nelson Street, Midland

  • Bedrooms: 5
  • Bathrooms: 2
  • Living area: 1689 square feet
  • Type: Residential
  • Added: 3 hours ago
  • Updated: 3 hours ago
  • Last Checked: 0 minutes ago
Attention investors! This turn-key duplex offers the perfect opportunity to expand your portfolio in a great location near parks, Little Lake, and a variety of amenities. With great tenants already in place in the upper unit, you’ll benefit from steady rental income. The lower unit is vacant, providing you with the flexibility to set your own market rent and choose your own tenants. This bungalow-style duplex features a total of 1689 sq.ft. of living space, with a 2-bedroom, 1-bathroom upper unit and a 3-bedroom, 1-bathroom lower unit. Dual driveways offer plenty of parking, while the spacious backyard adds outdoor appeal for tenants. Whether you’re a seasoned investor, just starting out, or looking for a home with income potential, this property offers immediate returns and excellent long-term potential. With one unit ready for occupancy, it’s a fantastic opportunity to subsidize your expenses by living in one unit while renting out the other. (id:1945)
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Property DetailsKey information about 538 Nelson Street

  • Cooling: None
  • Heating: Baseboard heaters, Electric
  • Stories: 1
  • Year Built: 1989
  • Structure Type: House
  • Exterior Features: Vinyl siding, Brick Veneer
  • Architectural Style: Raised bungalow
  • Property Type: Duplex
  • Total Living Space: 1689 sq.ft.
  • Upper Unit: Bedrooms: 2, Bathrooms: 1
  • Lower Unit: Bedrooms: 3, Bathrooms: 1

Interior FeaturesDiscover the interior design and amenities

  • Basement: Finished, Full
  • Appliances: Refrigerator, Stove
  • Living Area: 1689
  • Bedrooms Total: 5
  • Above Grade Finished Area: 867
  • Below Grade Finished Area: 822
  • Above Grade Finished Area Units: square feet
  • Below Grade Finished Area Units: square feet
  • Above Grade Finished Area Source: Listing Brokerage
  • Below Grade Finished Area Source: Listing Brokerage

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 538 Nelson Street

  • Lot Features: Cul-de-sac, Crushed stone driveway
  • Water Source: Municipal water
  • Lot Size Units: acres
  • Parking Total: 7
  • Lot Size Dimensions: 0.126
  • Style: Bungalow
  • Backyard: Spacious
  • Driveways: Dual

Location & CommunityUnderstand the neighborhood and community

  • Directions: King St to Robert St to Nelson St
  • Common Interest: Freehold
  • Subdivision Name: MD01 - East of King Street
  • Community Features: Community Centre
  • Nearby Amenities: Parks, Little Lake, Variety of amenities

Business & Leasing InformationCheck business and leasing options available at 538 Nelson Street

  • Upper Unit: Occupancy Status: Occupied, Tenant Status: Great tenants in place
  • Lower Unit: Occupancy Status: Vacant, Market Rent Flexibility: Yes
  • Investment Potential: Immediate returns and excellent long-term potential

Utilities & SystemsReview utilities and system installations

  • Sewer: Municipal sewage system
  • Utilities: Electricity

Tax & Legal InformationGet tax and legal details applicable to 538 Nelson Street

  • Tax Annual Amount: 3080
  • Zoning Description: R3

Additional FeaturesExplore extra features and benefits

  • Flexibility: Live in one unit while renting out the other
  • Target Audience: Seasoned investors, New investors, Home seekers with income potential
Room Dimensions
Type Level Dimensions
4pc Bathroom Basement x
Bedroom Basement 7'7'' x 11'8''
Bedroom Basement 10'10'' x 12'1''
Primary Bedroom Basement 10'10'' x 16'10''
Kitchen Basement 8'1'' x 10'10''
Living room Basement 10'10'' x 16'8''
4pc Bathroom Main level x
Bedroom Main level 10'6'' x 12'0''
Primary Bedroom Main level 11'11'' x 13'11''
Kitchen Main level 8'8'' x 10'1''
Dining room Main level 8'8'' x 10'8''
Living room Main level 15'3'' x 17'0''
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Nearby Listings Stat

Active listings
24
Min Price
$199,900
Max Price
$895,000
Avg Price
$590,475
Days on Market
58 days
Sold listings
14
Min Sold Price
$374,900
Max Sold Price
$899,000
Avg Sold Price
$567,028
Days until Sold
43 days

Nearby Places

Name
Type
Address
Distance
Huronia Museum
The museum is open year round and has nearly one m...
0.2 km
Huronia Museum and Huron Ouendat Village
Art gallery
549 Little Lake Park Rd
0.3 km
Pizza Pizza
Restaurant
395 King St
0.5 km
Explorers Cafe The
Restaurant
347 King St
0.7 km
Saint Theresa's High School
Theresa's High School is a high school in Midland,...
0.8 km
Cellarman's Alehouse The
Bar
337 King St
0.8 km
Dino's Fresh Food Deli
Restaurant
319 King St
0.8 km
Papas Pizza Mamas Chicken Buy 1 Or 2 It's Up 2 U
Restaurant
301 King St
0.9 km
Midland, Ontario
Situated at the southern end of Georgian Bay's 30,...
0.9 km
The Library Restaurant
Restaurant
526 Hugel Ave
1.0 km
Riv Bistro The
Restaurant
249 King St
1.1 km
Sainte-Marie among the Hurons
Museum
16164 Highway 12
1.1 km
Additional Information about 538 Nelson Street

This House at 538 Nelson Street Midland, ON with MLS Number 40680650 which includes 5 beds, 2 baths and approximately 1689 sq.ft. of living area listed on Midland market by Eric Beutler - Keller Williams Experience Realty, Brokerage (255 King St) at $525,000 3 hours ago.

We have found 6 Houses that closely match the specifications of the property located at 538 Nelson Street with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 540,000 and 725,000.

The current price of the property is $525,000, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 17% down payment, the total amount borrowed would be $435,750. This would result in a monthly mortgage payment of $2,455 over a 25-year amortization period.

More Details?
Eric Beutler
  • Eric Beutler
  • Keller Williams Experience Realty, Brokerage (255 King St)
  • 705-321-6385

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