$100,000
Est. payment $443/moCalculate yours
720 Ontario Street, Midland, ON L4R 1A5
Midland, Midland, ON L4R 1A5
Listing courtesy of Real Broker Ontario Ltd. MLS® S12874628
About this home
With R3 zoning in place, this site offers flexibility for residential development under the Town of Midland’s zoning framework, supporting a range of housing forms that complement the existing neighbourhood character. Potential uses include a multi-unit residential building (subject to site plan and municipal approval) or creative infill solutions that maximize density on a serviced lot (municipal sewer available). The lot’s configuration and location also present a severance opportunity - where municipal consent could facilitate division into two building lots (buyer to confirm feasibility with planning staff). Imagine detached homes, semi-detached units, townhomes, or a modest apartment building in this vibrant community! Buyers are encouraged to complete their own due diligence regarding zoning regulations, development charges, site servicing, environmental studies, and official plan policies. A truly unique infill parcel with multiple paths to value creation - bring your vision and development expertise!
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 49.46 x 99.96 Feet
- Zoning
- R3
Financial
- Property Taxes
- $1,270 (2025)
Location
- Neighbourhood
- Midland
- Cross Street
- Vindin St/Sixth St
- Direction Faces
- North
Listing
- MLS® Number
- S12874628
- Days on Market
- 220
- Listed On
- 2026-03-12
- Possession
- Flexible
- Listed By
- Real Broker Ontario Ltd.
Features
Property
- Hospital
- Lake/Pond
- Park
- Public Transit
- School Bus Route
- Part Cleared
Mortgage calculator
Estimated mortgage payment
$443 per month
- Principal and interest
- $443
- Property tax
- $106
- Condo fees
- $0
- Estimated monthly cost
- $549
Your mortgage
- Mortgage amount
- $80,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $52,834
Cash to close
- Down payment
- $20,000
- Land transfer tax
- $725
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $20,725
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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