49 × 100 ft (4,944 sq ft) lot

Overview

This lot in Midland is for sale.

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Description

With R3 zoning in place, this site offers flexibility for residential development under the Town of Midland's zoning framework, supporting a range of housing forms that complement the existing neighbourhood character. Potential uses include a multi-unit residential building (subject to site plan and municipal approval) or creative infill solutions that maximize density on a serviced lot (municipal sewer available). The lot's configuration and location also present a severance opportunity - where municipal consent could facilitate division into two building lots (buyer to confirm feasibility with planning staff). Imagine detached homes, semi-detached units, townhomes, or a modest apartment building in this vibrant community! Buyers are encouraged to complete their own due diligence regarding zoning regulations, development charges, site servicing, environmental studies, and official plan policies. A truly unique infill parcel with multiple paths to value creation - bring your vision and development expertise! (id:66096)

Property Details

MLS®: S12874628
Property Type: Vacant Land
Zoning: R3
Bathrooms: 0
Lot Size: 49 × 100 ft (4,944 sq ft)
Frontage: 50 ft
Property Tax: $1,269.83/yr
Listed: 237 days ago

Features

Lot Features: Irregular lot size, Partially cleared, Flat site

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

237d

Midland listings, avg age

99d

List price

$100K

Haho

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Listed by Real Broker Ontario Ltd. · LORRAINE JORDAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4R)

This home lists at $100,000, about 1.4× the local median household income of $70,500.

Carrying it typically needs a household income of about $19,534 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $70,500
Population: 19,245
Median age: 50.4
Owner / renter: 68% / 32%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L4R)

$100,000

For sale

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Financing

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720 Ontario Street, Midland - Vacant Land for Sale