For Sale

538 NELSON Street, Midland, Ontario L4R 4W3

$499,900

538 NELSON Street, Midland, Ontario L4R 4W3 is For Sale and has a listing price of 499,900. The property is located in the Midland neighbourhood . It's been on the website for 64 Days.

  • Duplex
    Property Type
  • 5
    Bedrooms
  • 2
    Bathrooms
  • Other
    Parking
  • MLS ID: S12101174
  • Office Name Keller Williams Experience Realty
Property Description

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, youll 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 youre 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, its a fantastic opportunity to subsidize your expenses by living in one unit while renting out the other.

Property Details
  • Bedrooms: 5
  • MLS ID: S12101174
  • Bathrooms: 2
  • Price: $499,900
  • Lot Depth: 82.28
  • Transaction Types: For Sale
  • Ref ID: S12101174
  • Year Built: N/A
  • Approx Sqft: 700-1100
  • Dir / Cross St: Robert St & Nelson St
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 31-50
  • Property Type: Duplex
  • Property Type: All Houses
  • Property Sub Category: Duplex
Price History
List Date MLS ID List Price Status End Date Closed Price
04/24/2025 S12101174 $499,900 For Sale - -
11/25/2024 S11822987 $525,000 For Sale - -
11/25/2024 S10875084 $525,000 Cancelled 12/09/2024 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Midland
  • $778,739 Average List Price
    based on 1 year
  • 7 New Listings
    based on 30 days
  • 84 Median Days on Market
    based on 1 year
  • List vs. Selling Price 136.49 % Up
  • Sold (12mo) 169
  • Rented (12mo) 32

  • 1 Month Change +779.0%
  • 3 Month Change +8.4%
  • 6 Month Change -14.8%
Walkscore
Property Type Distribution
  • All Houses
    73.74%
  • Commercial
    18.96%
  • Condo
    6.25%
  • Land for Sale
    1.05%
Additional Details
  • Heat Type Baseboard
  • Heat Source Electric
  • Style Bungalow-raised
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: 7
  • Exterior Brick, Vinyl Siding
  • Kitchen 2
  • Parking Other
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 2: 1
  • Taxes: $3,202
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 24/04/2025 15:04:38
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