Exceptional investment & lifestyle opportunity on over 8.5 acres with 900+ ft of frontage on Lafontaine Rd E. Fully tenanted setup with A+ tenants on 1-year leases, generating $4,000+/month in rental income. Each unit is self-contained with its own hydro meter & in-suite laundry. Potential to create triplex + accessory unit. Gorgeous property with walking trails, partial fencing (great for hobby farm), and incredible development potential. Year-round access on municipally maintained road. Minutes to Midland Hospital, beaches, marinas, schools & shopping. A rare find with income, space & future upside!
Address
590 Lafontaine Road E
List Price
$1,550,000
MLS® Status
New
Expiration Date
2026-03-19
Property Type
Residential Freehold
Type of Dwelling
Rural Residential
Style of Home
Bungalow
Transaction Type
For Sale
Area
Tiny
Sub-Area
Rural Tiny
Region
Simcoe
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
4
Bathrooms
4
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
1399.82
Lot Shape
Irregular
Lot Irregularities
Irregular
Lot Size Range (Acres)
5 - 9.99
Lot Size Units
Feet
Lot Width
42.87
Parcel Number
584310036
Parcel of Tied Land
No
Occupant Type
Owner+Tenant
Cross Street
Hwy 93,Robert,Lafontaine E;Sop
MLS® Number
S12416512
Listing Brokerage
FOREST HILL REAL ESTATE INC.
Basement Area
None
Postal Code
L9M 0S4
Posession Details
Flexible
Parking
Available, Front Yard Parking, Private
Parking Places (Total)
11
Parking Spaces
10
Tax Amount
$2,278.00
Tax Year
2024
Rural Utilities
Cable Available, Cell Services, Electricity Connected, Garbage Pickup, Internet Other, Phone Connected, Recycling Pickup, Street Lights, Telephone Available
Accessibility Features
Level Entrance, Parking, Wheelchair Access
Exterior Features
Canopy, Landscape Lighting, Landscaped, Lighting, Patio, Paved Yard, Privacy, Porch, Year Round Living
Interior Features
Accessory Apartment, Separate Hydro Meter
Property Features
Beach, Campground, Clear View, Greenbelt/Conservation, Hospital, Level
Cable
Yes
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Accessibility
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Propane
Heat Type
Other
Cooling Features
None
Construction Materials
Brick, Wood
UFFI
No
Direction Faces
South
Fireplace
Yes
Fireplace Features
Electric, Wood Stove
Foundation Details
Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
4
Kitchens Above Grade
4
Other Structures
Drive Shed, Gazebo, Storage
Pool Features
None
Roof
Metal, Shingles
Tax Legal Description
PT LT 8 CON 15 TINY PT 3, 51R23501; TINY
Security Features
Carbon Monoxide Detectors, Monitored, Smoke Detector
Topography
Dry, Flat, Level, Open Space, Partially Cleared
Water Source
Drilled Well
View Type
City, Clear, Forest, Garden, Trees/Woods
Waterfront
No
Waterfront
None
Access To Property
Municipal Road, Year Round Municipal Road
Sewer
Septic
