300 Bay Street, Midland, ON

$529,900
MLS#:S9238710
3 beds
2 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Midland. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $529,900 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.

  • 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 62 x 80 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: In-Law Suite, In-Law Capability
  • Efficient baseboard heating via electric

Description

Potential filled all brick bungalow located close to downtown Midland. Bring your imagination to update this solid home into your new family home or keep the layout as is and easily convert into a duplex or full in-law apartment complete with separate entrance and plenty of parking. Nice quiet neighbourhood and minutes from the Midland Waterfront trail system and Georgian Bay. Don't miss out on this well cared for home with excellent piece of mind. With a little sweat equity and updates you can't go wrong.

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Property Summary

This detached home located at 300 Bay Street, Midland is currently for sale and has been available on SousaSells for 713 days. This property is listed at $529,900 with an estimated mortgage of $1,764* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 300 Bay Street, Midland is in the Midland neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 19, 2024
Sold price information is available to members only
Listed Date8/2/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick
BasementFull, Finished
Lot Size62 × 80 Feet
CountySimcoe
Annual Tax$2,968
Legal DescriptionPT LT 11 W/S GEORGE ST, 12 W/S GEORGE ST PL 349 MIDLAND AS IN RO255121; MIDLAND

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

Interior Features

In-Law Suite, In-Law Capability

Security Features

Community Features

Location

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300 Bay Street, Midland, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 300 Bay Street, Midland, ON L4R 1J9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Midland.

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Interest Rate4.00%
Down Payment$158,970 (30.0%)
* Minimum Canadian down payment required for this price is $27,990.
Amortization Period30 Years
Estimated Monthly Payment$1,764Based on a loan of $370,930 over 30 years.
Purchase Price$529,900
Loan Amount$370,930
Provincial Land Transfer Tax:$7,073
Total Estimated Closing Taxes:$7,073

About Purchasing a Home in Midland, ON

For a property listed at $529,900 in Midland, the legal minimum down payment is $27,990 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 $7,073 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 $7,073.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Midland, Midland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$662,087

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Huron Park
Public425 Robert Street, Midland, Ontario, L4R 2M2
6.0
Mundy's Bay
Public340 Sixth Street, Midland, Ontario, L4R 3Y4
4.4
Sacred Heart
Public241 Elizabeth Street, Midland, Ontario, L4R 1Y5
2.6
Bayview
Public845 Ottawa Street, Midland, Ontario, L4R 1C9
5.8
Monsignor Castex
Public120 Penetanguishene Road, Midland, Ontario, L4R 4Z6
5.8

Secondary Schools

Georgian Bay District
Public865 Hugel Avenue, Midland, Ontario, L4R 1X8
5.3
St. Theresa’s
Catholic347 Galloway Boulevard, Midland, Ontario, L4R 5B2
5.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.