538 Nelson Street
Midland, ON L4R 4W3
- 2+3Bedrooms
- 2Bathrooms
- 7Parking
- 700–1100Sq Ft
- $3,202Tax
- 67×82 ftLot Size
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About 538 Nelson Street, Midland
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,202
- Land Transfer Tax Fee
- $6,473
- Basement Type
- Finished, Full
Interior Features
- Interior Extras
- Separate Hydro Meter
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Exterior Extras
- Porch, Privacy
- Pool
- None
- Property Features
- Cul de Sac/Dead End, Park, Public Transit, Rec./Commun.Centre, School
Building
- Building Type
- Multiplex
- Building Style
- Bungalow-Raised
- Approx Age
- 31-50
Construction
- Exterior Finish
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Block
- Special Designation
- Unknown
Lot
- Lot Front
- 66.61 ft
- Lot Depth
- 82.28 ft
- Lot Size
- 0.126
- Lot Shape
- Rectangular
- Lot Size Code
- 82.28 x 66.61
Inclusions
- Inclusions
- Fridge, Stove
Exclusions
- Exclusions
- Tenant belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 7
- Parking Spaces
- 7
- Total Garage And Parking Spaces
- 7
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Baseboard
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Hydro
- Yes
- Bedrooms
- 2 + 3
- Washrooms
- 2
- Kitchens
- 2
Room sizes
- Living Room—Main level
- Dining Room—Main level
- Kitchen—Main level
- Primary Bedroom—Main level
- Bedroom—Main level
- Living Room—Basement level
- Kitchen—Basement level
- Primary Bedroom—Basement level
- Bedroom—Basement level
- Bedroom—Basement level
Washrooms
- 4-piece, Main
- 4-piece, Basement
- Municipality
- Midland
- Neighbourhood
- Midland
- Main cross streets
- Robert St & Nelson St
- Zoning
- R3
- Directions
- King St to Robert St to Nelson St
- MLS® number
- S12101174
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-10-23
- Listed on
- 2025-04-24
- Days on market
- 182 days
- Possession type
- Flexible
- Co-op commission
- 2.5% + tax
- Seller
- Listed by
- KELLER WILLIAMS EXPERIENCE REALTY
Home Market Value
Current home valuation for 538 Nelson Street, Midland, Midland, ON. Listed for $499,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 538 Nelson Street, Midland
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$24,995
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $18,996 | $13,947 | $11,898 | $0 |
=Total mortgage | $493,901 | $463,857 | $436,813 | $399,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,411monthly | $2,265monthly | $2,133monthly | $1,953monthly |
Land Transfer Tax
$6,473
$6,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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