All photos · 9
720 Ontario Street, Midland, ON L4R 1A5
$100,000
Beds
0
Baths
0
Type
Freehold
About this home
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!
What it could cost monthly
Estimated monthly
$458
Principal & interest, per month
- Mortgage amount
- $80,000
- Down payment
- $20,000
- Total interest paid
- $57,381
Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.
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Listing brokerage
Real Broker Ontario Ltd.
Each office independently owned and operated.