255 Eighth Street, Midland

$579,000
255 Eighth Street

$579,000

New
4d
DetachedSidesplit 3

255 Eighth Street, Midland

Total Monthly Obligation $3,019

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
4d
Score
18
Yield
4.4%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-S14095120
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-75 × 100 ft
Listed on site-Oct 19, 2026
Style-Sidesplit 3
Building Type-Detached
Taxes-$3,699.33 (2026)
Parking-5 - Attached
Basement-Partial Basement, Unfinished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-Royal LePage In Touch Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Metal
Foundation-Concrete Block
Sewer-Sewer
Possession-TBD
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

A Place to Call Home! This affordable classic solid-built brick home is located on a Rare 75 x 100 ft lot!!! in the Prime West-End of Midland. Freshly painted and move-in ready. This split-level layout has beautiful hardwood floors providing carpet free and comfortable living with a welcoming atmosphere that is ideal for 1st time buyers, families or downsizers. A living-dining room featuring a large picture window offers an open light-filled layout connecting you to the outdoors. An updated versatile kitchen with walkout to rear and 3 spacious bedrooms providing comfortable retreats. The basement is framed and divided with a roughed-in family room, bath, laundry, storage and utility room which is ready to make your own. There is bonus ample storage in the crawlspace. Enjoy your morning coffee on the front covered porch or have a barbeque and unwind on the rear covered porch in the private fenced yard to enjoy those lovely summer days with mature trees and a forested backdrop offering space for hobbies, children, pets and outdoor entertaining. Your outdoor enthusiast will enjoy the deep single garage with rear entrance, a double paved driveway and a secondary gated driveway for your extra vehicles or recreational toys. The rear yard has 2 storage sheds which are practical solutions for seasonal items and equipment. This home offers the perfect balance of convenience, recreation, and community. Ideally located with easy access to schools, Little Lake Park, shopping, the hospital, golf, skiing, arena, cultural centres, the curling club, the library, rec centre, the YMCA, beaches, marinas, the Georgian Bay waterfront and trails and our vibrant downtown shops & restaurants. Enjoy all the benefits this community has to offer. Call today for further details and to arrange your own private viewing!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$463,200
Land Transfer Taxes$8,055
Legal Fees (Est.)
$
Total cash required for closing$125,355

Total Monthly Obligation

$3,019/mo
Mortgage $2,336
Monthly Loss $2,404
Principal$615
Interest$1,721
Property Tax$308
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.1%19
10-Year IRR
8.4%
Returns Index
10.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$25,188/yr
NOI
$14,470/yr
Net Cash Flow
-$1,130/mo
Cash Margin
-53.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
25.8/ 100

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

Comparables

Properties near 255 Eighth Street

Time

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Data last updated within the past 24 hours.