612 Bay Street, Midland, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Midland. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $449,900 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 1100-1500 sqft on a premium 30.47 x 85.67 ft lot
- Features a crawl space, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: None
- Efficient baseboard heating via electric
Description
Top 5 Reasons You Will Love This Home: 1) Charming semi-detached duplex with two fully self-contained units, offering a smart opportunity for investors or buyers looking to live in one unit while generating steady rental income from the other 2) Strong, reliable income already in place with the main unit rented at $1650 plus utilities and the upper unit rented at $1567 plus utilities, providing immediate cash flow from day one 3) Located just minutes from downtown Midland, you are close to shops, schools, parks, walking trails, marinas, and the waterfront, a location that consistently attracts quality tenants and end users alike 4) Separate hydro meters for each unit allow tenants to pay their own utilities, keeping expenses predictable and simplifying management 5) Three dedicated parking spaces, refreshed interiors, and a low-maintenance yard make this a practical, turn-key property, whether you are stepping into the market or adding another solid door to your portfolio. 1,278 fin.sq.ft. *Please note some images have been virtually staged to show the potential of the home.
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Property Summary
This duplex located at 612 Bay Street, Midland is currently for sale and has been available on SousaSells for 135 days. This property is listed at $449,900 with an estimated mortgage of $1,498* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 612 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Library, Marina, Park, Place Of Worship, Rec./Commun.Centre
Interior Features
None
Security Features
Community Features
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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 612 Bay Street, Midland, ON L4R 1L6
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 $449,900 in Midland, the legal minimum down payment is $22,495 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 $5,473 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 $5,473.
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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.