347 MIDLAND Avenue, Midland, ON

$499,900
MLS#:S11889071
5 beds
3 baths
2000-2500 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 25, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Midland. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $499,900 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.

  • 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 30.6 x 175 ft lot
  • Features a walk-up, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Separate Heating Controls, Sump Pump
  • Efficient forced air heating via gas

Description

Fantastic opportunity on this well located duplex located in Down Town Core and steps to everything including Town Dock on Georgian Bay. The Bonus with this building is it is currently vacant so the new owner can set their own rents and can have immediate occupancy. Purchase as an investment or live in one unit and use income from the other to help pay your expenses. The main Front unit is 2 Stories and features: Large Living Room with Hardwood * Eat In Kitchen with appliances * Main Floor Primary Bedroom with 4 pc Ensuite * 3 additional Bedrooms and 3 pc Bath on Second floor * M/F Laundry * Enclosed Porch * Basement * Gas Furnace. The Back main floor unit features: Open Kitchen - Living Room with new Cabinets * 1 Bedroom * Bath. Located in North Simcoe and offering so much to do - boating, fishing, swimming, canoeing, hiking, cycling, hunting, snowmobiling, atving, golfing, skiing and along with theatres, historical tourist attractions and so much more. Only 10 minutes to Penetang, 40 minutes to Orillia, 45 minutes to Barrie and 90 minutes from GTA.

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Property Summary

This duplex located at 347 MIDLAND Avenue, Midland is currently for sale and has been available on SousaSells for 583 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 5 beds, 3 bathrooms, and is 2000-2500 square feet. 347 MIDLAND Avenue, Midland is in the Midland neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 25, 2025
Sold price information is available to members only
Listed Date12/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
Architectural Style2-Storey
ConstructionVinyl Siding
BasementWalk-Up, Unfinished
Lot Size30.6 × 175 Acres
CountySimcoe
Annual Tax$3,524
Legal DescriptionPT LT 13 E/S MIDLAND AV, 14 E/S MIDLAND AV PL 169A MIDLAND AS IN RO996980; S/T & T/W RO996980; MIDLAND

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Public Transit, Rec./Commun.Centre, School, Library, Park, Hospital

Interior Features

Separate Heating Controls, Sump Pump

Security Features

Community Features

Location

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347 MIDLAND Avenue, 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 347 MIDLAND Avenue, Midland, ON L4R 3K8

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$149,970 (30.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period30 Years
Estimated Monthly Payment$1,664Based on a loan of $349,930 over 30 years.
Purchase Price$499,900
Loan Amount$349,930
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Midland, ON

For a property listed at $499,900 in Midland, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.

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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.