421 Midland Avenue, Midland

$639,000
421 Midland Avenue

$639,000

New
9d
Detached3-Storey

421 Midland Avenue, Midland

Total Monthly Obligation $3,221

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
9d
Score
19
Yield
4.6%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-S14031948
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-64 × 94 ft
Listed on site-Oct 14, 2026
Style-3-Storey
Building Type-Detached
Age-100+
Taxes-$3,226 (2025)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-FARIS TEAM REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

Top 5 Reasons You Will Love This Home: 1) Embrace the timeless appeal of a true century home, where a charming covered front porch, original character, generously sized principal rooms, and a thoughtfully cared-for interior create a warm and welcoming place to call home 2) Set in an incredibly walkable pocket of Midland, with Little Lake Park, the Midland Curling Club, North Simcoe Sports and Recreation Centre, YMCA, downtown shops, restaurants and cafés, Midland Harbour, and scenic Georgian Bay waterfront trails all within easy reach 3) Unlock the possibilities of the unfinished third level, a unique bonus space ready to be transformed into a family room, home office, creative studio, playroom, private retreat, or impressive primary suite, adding even more versatility to the existing three bedrooms, two-and-a-half bathrooms, and finished basement 4) Spend more time outdoors surrounded by established gardens, mature landscaping, and a picturesque walkway, while the private backyard and spacious deck provide an inviting setting for summer meals, quiet mornings, and gatherings with family and friends 5) Appreciate the craftsmanship and personality of a home dating back to 1900, paired with valuable updates including a new furnace (2026), water softener (2025), roof (2024), central air conditioning (2023), windows (2019), and upgraded 200-amp electrical service, plus the everyday convenience of an attached garage and double private driveway. 1,811 above grade sq.ft. plus a finished basement. *Please note some images have been virtually staged to show the potential of the home.

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

Closing Costs

Mortgage Amount
$511,200
Land Transfer Taxes$9,255
Legal Fees (Est.)
$
Total cash required for closing$138,555

Total Monthly Obligation

$3,221/mo
Mortgage $2,578
Monthly Loss $2,543
Principal$678
Interest$1,899
Property Tax$269
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$29,196/yr
NOI
$18,550/yr
Net Cash Flow
-$1,032/mo
Cash Margin
-42.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.0/ 100

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

Comparables

Properties near 421 Midland Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.