$250,000
Est. payment $1,107/moCalculate yours
305 Penetanguishene Rd Road, Midland, ON L4R 0E4
Midland, Midland, ON L4R 0E4
Listing courtesy of Real Broker Ontario Ltd. MLS® S12876730
About this home
Vacant land with exceptional development upside in the heart of West End Midland! Rare opportunity to acquire a building lot, close to hospital, schools, shopping and highway access. Parcel requires Official Plan amendment and zoning bylaw amendment to build - a blank slate to develop. This property has 62′ of frontage and offers flexibility for residential development under the Town of Midland’s zoning framework, subject to site plan and municipal approvals a creative infill solution that complements the surrounding neighbourhood awaits on a serviced lot. 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
- 61.98 x 122.1 Feet
- Zoning
- OS-7
Financial
- Property Taxes
- $961 (2025)
Location
- Neighbourhood
- Midland
- Cross Street
- Penetanguishene Rd/Hugel Ave
- Direction Faces
- East
Listing
- MLS® Number
- S12876730
- Days on Market
- 220
- Listed On
- 2026-03-12
- Possession
- Flexible
- Listed By
- Real Broker Ontario Ltd.
Features
Property
- Hospital
- Park
- Public Transit
- School
- Rec./Commun.Centre
- Lake/Pond
Mortgage calculator
Estimated mortgage payment
$1,107 per month
- Principal and interest
- $1,107
- Property tax
- $80
- Condo fees
- $0
- Estimated monthly cost
- $1,187
Your mortgage
- Mortgage amount
- $200,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $132,084
Cash to close
- Down payment
- $50,000
- Land transfer tax
- $2,225
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $52,225
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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