740 Balm Beach Road, Midland, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Midland. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $799,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 1 Bathroom
- Premium 129.69 x 298 ft lot size
- Convenient other garage included
- equipped with no central cooling and highly efficient gas forced air closed heating via gas
Description
This 2,100 sq. ft. all-brick bungalow is situated on a 1-acre commercially zoned property along Balm Beach Road East in Midland. Located on a high-traffic corridor near a major highway intersection, the property offers strong visibility and accessibility. An excellent opportunity for buyers, investors, or business owners looking to make the most of its commercial zoning and prominent location. The home features 3+1 bedrooms, 2.5 bathrooms, a living room with wood burning fireplace, and a spacious lower level complete with a large rec room with gas fireplace. An attached single garage provides additional storage space. Whether you're looking to establish a home-based business, combine residential and commercial use, or explore the property's development potential, this high-visibility property offers many possibilities. Taxes not yet assessed
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Pricing & Value Insights
Data-driven valuation for 740 Balm Beach Road E, Midland, ON L4R 4K4
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About Purchasing a Home in Midland, ON
For a property listed at $799,900 in Midland, the legal minimum down payment is $54,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,473 for this transaction. As this listing is in Midland (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.