290 George
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$639,000

290 George

Midland, Ontario, L4R2W9

Active
5
Bedrooms
2
Bathrooms
4
Parking

About This Property

This 5-bedroom, 2-bathroom multi-family in Midland is available for your consideration. The home features laminate and vinyl flooring, forced air, propane heating, central air conditioning, a apartment in basement, walk-up, n/a, n/a basement.

MLS Remarks

Perfect First Home With Built-In Income Potential Looking for a smart way to get into the market? This legal, low-maintenance duplex is an ideal opportunity for first-time buyers who want flexibility, comfort, and help with the monthly costs. Built in 1989 and thoughtfully updated with over $70,000 in cosmetic upgrades, this home offers two self-contained units-perfect for living in one while earning income from the other. The upper unit, renovated in 2021 and currently vacant, features a bright and spacious 3-bedroom, 1-bath layout with over 1,000 sq. ft. of living space, a large kitchen with breakfast area, and in-suite laundry-move in right away and make it your own. The lower unit, renovated in Summer of 2025, offers a comfortable 2-bedroom, 1-bath layout (approx. 870 sq. ft.) with its own kitchen, breakfast area, and in-suite laundry, and is currently tenanted, providing immediate rental income to help offset your mortgage. Each unit has its own private driveway, offering added privacy and convenience. Located just minutes from the waterfront and downtown strip, close to everyday amenities, and only a 15-minute drive to Balm Beach, this home combines lifestyle and long-term value. Whether you choose to live upstairs and rent the lower unit, or explore short- or long-term rental options in the future, this property gives you options-something every first-time buyer can appreciate. Move-in ready and income-smart. Extras: Separately metered units, central air and furnace, propane heating, exterior wired security cameras, deck, and future potential to add a garden suite for additional income. (id:60351)

Overview

Property Typeresidential
Sub-Typemulti-family
StatusActive
MLS #S12731804

Interior

HeatingForced air, Propane
CoolingCentral air conditioning
FlooringLaminate, Vinyl
AppliancesWasher, Range, Dryer, Two stoves, Window Coverings, Two Refrigerators
BasementApartment in basement, Walk-up, N/A, N/A

Exterior

Exterior FeaturesBrick, Vinyl siding

Parking

Total Spaces4

Fees & Taxes

Annual Taxes$3,600

Listing Information

MLS#: S12731804


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$127,800
5%20%50%
Estimated Monthly Payment
$2,841
/month
Mortgage
$511,200
Total Interest
$341,225

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$9,255
Total Due on Closing$9,255

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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