About this property

Steps from the shore of Georgian Bay in Midland's bustling downtown sits this 11 unit, fully tenanted multi-res building. This 3 storey structure features an assortment of layouts and updated spaces, with 4 units on each of the first two floors, and 3 units on the third floor. High historical demand for these dwellings suggests a prospective investor may expect stable income, at a cap rate of 6.5%. When properly configured, the parking area allows for a minimum of 8-10 vehicles. The basement contains multiple storage units, a laundry area, a modest office, utility rooms, and a workshop which could be converted for other applications (including residential). Most units enjoy forced air heat, except two which use electric baseboard. Tenants run their own air conditioning units in warmed months. Reach out today for more information on this excellent investment opportunity *Listing agent is related to the seller

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	S9014093
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	0 sq ft
Beds / Baths	9 bed · 11 bath
Neighbourhood	Midland
City	Midland
Postal Code	L4R 3K5
Province	ON
Listed Date	May 18, 2026
Brokerage	SOTHEBY`S INTERNATIONAL REALTY CANADA