556 Johnson Street, Midland, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Midland. Expertly crafted featuring premium stucco (plaster) 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 49.75 x 100 ft lot
- 2.0 total parking spaces available
- Notable attributes: Carpet Free, In-Law Suite, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This smart, versatile bungalow that delivers exactly what today's buyers are looking for: flexibility, updates, and value. Located in a family-friendly neighborhood just minutes from schools, parks, and downtown amenities, this well-maintained 3-bedroom, 2-bathroom home offers easy, one-level living with added income potential. The layout is both functional and adaptable, featuring a bright main living space and an updated interior with major improvements completed in 2021, including flooring, roof, and appliances - giving buyers peace of mind from day one. What truly sets this property apart is the converted garage space, now a fully finished separate living area. Whether you're looking for a private primary suite, in-law setup, home office, or exploring short-term rental potential, this space opens the door to multiple lifestyle and income opportunities. With its own walkout to a private backyard patio, it creates a sense of separation and privacy that's hard to find at this price point. Situated on a 50 x 100 ft in-town lot, the property offers ample outdoor space for entertaining, relaxing, or future enhancements - all while remaining low maintenance. NEW FURNACE & AC UNIT (2026).
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Hospital, Library, Place Of Worship, School, Rec./Commun.Centre
Interior Features
Carpet Free, In-Law Suite, Primary Bedroom - Main Floor, Water Heater Owned, Water Purifier
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
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 556 Johnson Street, Midland, ON L4R 2Z2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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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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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.