Unknown for 405 BAY St, Midland Ontario L4R 1K7
152 days on Market

405 BAY St, Midland, Ontario L4R 1K7

Detached
4
3
~1500-2000 sqft
$•••,•••
$580,000
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Detached
4
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$338/sqft

Est. Mortgage$2,491/mo

Tax Amount (2024)$2,872/yr

Days On Market152 days


Description

Great value can be found in this spacious home with income potential, located just steps to downtown, waterfront park, rotary trail, and many other conveniences. This well-kept home features: 4 Bdrms * 2.5 Baths * Main Floor Laundry * Rec Rm W/ Bar Area * Over 1900ft2 of Finished Space * Gas Furnace 2018 * Central Air 2021 * Shingles 2021 * Many Other Improvements * Currently Set Up As 2 Front and Back Apartments: Front unit is 2 Bedroom + Den and Back unit is 2 Bedroom. The current rents are approx $25,200/yr for front unit (will be vacant March 1, 2025) and $21,000/yr for back unit (will be vacant January 1, 2025). New owner can set new rents once vacant. It can easily be converted back to a single family home by opening a doorway. Great home for large family, room for in-laws / Adult Children or great opportunity for rental income. *Photos are from Spring of 2022*


Property Details

Style1 1/2 Storey
View-
Age of property51-99
SqFt~1500-2000 SqFt
Lot Size4,800 SqFt(60 x 80)
Parking Spaces2
MLS ®NumberS11892281
Community NameMidland
Data SourceTRREB
Listing byRE/MAX Georgian Bay Realty Ltd

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance, Walk-Up

Main Floor

Living

3.28 x 4.17

Broadloom

Kitchen

3.66 x 2.49

Vinyl Floor

Br

3.40 x 2.90

Laminate

Br

2.95 x 3.28

Broadloom


Features

Lot size: 4,800 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by RE/MAX Georgian Bay Realty Ltd, Brokerage
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Market Data - Midland

Geo Zone Map ThumbnailMidland

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

23 days

Compared to

2024

36 days

2023

24 days

2022

12 days

New Listings

Past 30 days

35 listings

Compared to

2024

54 listings

2023

38 listings

2022

46 listings

Units sold

Past 30 days

12 units

Compared to

2024

28 units

2023

25 units

2022

26 units

Median Sold Price

Past 30 days

$575,500

Compared to

2024

$556,000

2023

$537,750

2022

$657,750


Population and Demographics

Overview

Total population 17454
Average household income $98,966

Age (%)

65 and plus
28%
50 to 64
22%
0 to 19
18%
20 to 34
16%
35 to 49
16%

Household composition (%)

Single family
61%
Single person
33%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
91%
French
3%
Others
3%
German
1%

House tenancy (%)

Owners
66%
Renters
34%

Schools and amenities

Transportation Scores

Estimated Budget