$539,900
For sale: Multiplex

LEGAL TRIPLEX | INVESTMENT | MIDLAND - Legal triplex in Midland with three self-contained units. Two front units are heated by gas furnace that was updated in Dec 2021 and the back unit has a gas fireplace and electric baseboard heat. With a new roof in 2022, on demand hot water and water softener this is an ideal property to add to your investment portfolio - or - start your new real estate portfolio with this triplex! Don't miss out on this opportunity! The waterfront community of Midland offers outstanding all season recreation, key amenities (shopping, services, fine and casual dining, recreation and entertainment) and easy access to commuter routes. Convenience of appliances, full bath, laundry and parking for each unit.
Sold data
Homes in Midland took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 70, across 85 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 88 days.
The median sale price was $544,999.
Homes sold for about 4.2% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 85 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Midland has 7 Fraser Institute–rated schools (5 elementary and 2 secondary), averaging 5.0/10.
School ratings from the Fraser Institute's Ontario school report cards.
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