Duplex Century Home with Tenant Suite Near Midland Bay

Property details for 338 Gloucester Street, Midland

Type: Residential
Bedrooms: 4
Bathrooms: 3
Lot Size: 60 x 197.3 FT
Stories: 2
Basement: Unfinished, Partial, Walk out, N/A, N/A
Parking: Attached Garage, Garage
Heating: Radiant heat, Natural gas
Cooling: None
Exterior: Stucco
Ownership: Freehold
Annual Taxes: $3,707

This one's a duplex, which is the first thing you should know. You've got 4 beds and 3 baths spread across 2,436 sq ft above grade, plus a separate upper-level suite with its own kitchen and entrance. That means rental income or space for extended family, totally flexible. On the main floor there's a living room with a fireplace, a dining room, and a kitchen, all with that solid century-home feel. Hardwood floors run through most of it, and the foundation is original stone. Outside, there's a huge deck overlooking the wooded, mature lot, and it's private. You're on a 60 x 197 ft corner lot, so there's plenty of yard. There's also a 24x16 detached shop with a garage, so you've got room for vehicles or hobbies. The property's been owned by the same person for 30 years and it shows, it's well-kept. Location-wise, you're close to downtown Midland and the bay, plus Sainte-Marie among the Hurons is under a kilometer away. Restaurants, cafes, and parks are all within walking distance. Price is $649,900, which is below the median of $727k for nearby active listings. Given the duplex setup and the shop, the investment score here is 89 out of 100, so this could be a smart buy.

About 338 Gloucester Street, Midland — Property Score

Strong Investment Hot Market Great Location

Score: 70/100

Value

Priced 0.1% above area median of $649,000 based on 80 comparable properties nearby 70

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

3 bathrooms - 1 more than similarly priced properties nearby 72

11,838 sqft lot - an oversized lot for the area 90

Location

$48K median household income - below the Canadian average of $70K 54

73% of residents hold postsecondary credentials - a highly educated neighbourhood 82

57% homeownership rate - a balanced mix of owners and renters 70

82% of residents commute under 30 minutes - excellent commuter accessibility 96

1,746/km² population density - a well-balanced suburban area 87

Market

Just listed - area average is 94 days on market 100

+32.1% median price change over 1 month - rising prices in the area 100

103 months of housing supply - 103 active listings with 1 sold last month (buyer's market) 40

Features

4-car garage - area average is 5.2 spots 95

Unfinished, Partial, Walk out, N/A, N/A basement - adds valuable living space 85

premium radiant heating system 85

None 30

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.57% effective tax rate ($3,707/yr) - very low tax burden 83

+40% area price change year-over-year - strong appreciation in Midland 100

46% renter population - moderate rental market 85

Quality

Condition

Listing

39 photos provided - 8% more than the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.