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$ 675,000
Est. payment /mo
Active
165 King Edward AVE Middlesex, ON N5Z 3T5
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision South H
MLS Listing ID X12468561
Annual Tax Amount $3,050
Tax Year 2025
Property Sub-Type Investment
Property Description
Solid, highly profitable, and meticulously maintained legal duplex featuring two spacious 3-bedroom units - with potential to convert into a triplex via the unfinished basement. This licensed rental property has high-quality, reliable tenants paying market rents and all utilities - a built-in hedge against inflation. Both main units have been renovated and include en-suite laundry, dishwashers, spacious kitchens, and ample closet space. The basement, currently vacant, offers a separate entrance, high ceilings, ample square footage, and is already wired via a dedicated sub-panel - ideal for conversion into a third unit (zoning R2-2(10)). The home is full of character and natural light, with a private backyard shared by both units, featuring mature trees, berry bushes, an outdoor dining area, and a shared storage shed. Additional highlights include: 200 AMP electrical service, Separate hydro meters (2), Fire code compliance (2023), Plenty of parking. Perfect for investors or multi-generational families, this property is located in a quiet, family-friendly neighborhood. A bus stop is right at the doorstep, and it's just steps from a park, with schools, groceries, the hospital, and Highway 401 nearby. Financials and a list of recent capital improvements are available upon request
Location
Province ON
County Middlesex
Community South H
Area Middlesex
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 75.0
Lot Depth 90.0
Others
ParcelsYN No
Listed by SUTTON GROUP-ADMIRAL REALTY INC.