443 Elizabeth Street, Midland

$649,900
443 Elizabeth Street

$649,900

New
21d
Detached2 1/2 Storey

443 Elizabeth Street, Midland

Total Monthly Obligation $3,304

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
21d
Score
20
Yield
5.2%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-S13855798
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-80 × 130 ft
Listed on site-Oct 2, 2026
Style-2 1/2 Storey
Building Type-Detached
Taxes-$3,689 (2025)
Parking-5 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Team Hawke Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Inground
Facing-North
Exterior-Brick
Roof-Membrane, Shingles
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

A UNIQUE, ONE OF A KIND HOME IN MIDLAND WITH ONE OF THE BEST SHOPS IN TOWN. Check out this classic red brick Midland home, which shows evident pride of ownership throughout and features your very own private in-town oasis. This home boasts a truly one-of-a-kind, two-story, 2,000 sq. ft. shop featuring a freight elevator, a three-piece bathroom, its very own gas furnace, additional living space, and a workshop area. The shop's main floor includes a parking bay plus ample area for tinkering - ideal for a woodworker or mechanic. The second floor of the shop steeped in natural light could easily accommodate several home occupations, including a photography or yoga studio, or you can enjoy the space for your own private hobbies. With abundant curb appeal, a large circular driveway, and tandem parking for four additional vehicles, this location could accommodate a home occupation or remain a single-family residence. The backyard retreat features a 12 x 24 in-ground pool and plentiful outdoor living space, including the pool patio, a covered screened-in hot tub, a covered screened-in verandah for evening dinners or to shelter from the sun, plus perennial gardens galore. The second floor of the home features 3 bedrooms, a four-piece bath, plus a balcony overlooking the manicured backyard. An additional flex space is located on the 3rd floor loft which could work as a 4th bedroom, craft room or games room.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,304/mo
Mortgage $2,622
Monthly Loss $2,614
Principal$690
Interest$1,932
Property Tax$307
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%2
5-Year IRR
10.3%38
10-Year IRR
10.8%
Returns Index
19.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,600/yr
NOI
$22,051/yr
Net Cash Flow
-$784/mo
Cash Margin
-28.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 443 Elizabeth Street

Time

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