203 Gianetto Drive
Midland, ON L4R 5J4
- 7Bedrooms
- 3Bathrooms
- 6Parking
- 2000–2500Sq Ft
- $3,860Tax
- 50×164 ftLot Size
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About 203 Gianetto Drive, Midland
Summarized Description
- Triplex with strong rental income and cash flow.
- All units currently tenanted month-to-month.
- Includes adjacent vacant lot for future development.
- Two 2-bedroom and one 3-bedroom units available.
- Separate hydro meters for each unit.
- Tenants are in good standing.
- Potential to sever lot with municipal sewer extension.
- Excellent investment opportunity for stability.
Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom: Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,860
- Land Transfer Tax Fee
- $7,675
Rental Items
- Rental Equipment
- Hot Water Tank
- Basement Type
- Half
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 1 Storey/Apt
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Metal
- Foundation Details
- Block
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 164.00 ft
- Lot Size
- 0.18
Inclusions
- Inclusions
- 3 x stove; 3 x fridge;
Exclusions
- Exclusions
- Tenants Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 6
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Baseboard
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Septic
- Bedrooms
- 7
- Washrooms
- 3
- Kitchens
- 3
Washrooms
- 3-piece
- Municipality
- Midland
- Neighbourhood
- Midland
- Main cross streets
- Harbourview Drive
- Directions
- Harbourview Drive to Gianetto Drive
- MLS® number
- S12891894
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-07-01
- Listed on
- 2026-03-16
- Days on market
- 107 days
- Possession type
- Other
- Co-op commission
- 2.5% + tax
- Seller
- Listed by
- RE/MAX By The Bay Brokerage
Home Market Value
Current home valuation for 203 Gianetto Drive, Midland, Midland, ON. Listed for $560,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 203 Gianetto Drive, Midland
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $60,000 over $500K
$31,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $21,146 | $15,624 | $13,328 | $0 |
=Total mortgage | $549,786 | $519,624 | $489,328 | $448,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,684monthly | $2,537monthly | $2,389monthly | $2,187monthly |
Land Transfer Tax
$7,675
$7,675
Around this home
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