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226 Queen Street, Midland, ON L4R 3H1

6 beds · 3 baths · 3 kitchens · 12 rooms · 2 parking spaces · 1500-2000 sq ft · Triplex
$599,900
Property tax
$5,062 / year

INVESTMENT OPPORTUNITY | BUILD YOUR REAL ESTATE PORTFOLIO | Legal Triplex in Midland with three self-contained units. Two front units are heated by gas furnace that was updated in 2021 and the back unit has a gas fireplace and electric baseboard heat. With a new roof in 2022, on demand hot water and water softener - this is an ideal property to add to your real estate portfolio - or - start your new real estate portfolio with this triplex! Live in one unit, rent out the others to off-set your expenses and build equity! Don't miss out on this opportunity! The waterfront community of Midland offers outstanding all season recreation, key amenities (shopping, services, dining, recreation, entertainment) and easy access to commuter routes.

MLS number
S13439972
Type
Triplex
Status
Active
Bedrooms
6
Bathrooms
3
Postal code
L4R 3H1
Photos
50
Laundry
Not in the unit
93days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Sacred Heart School
Simcoe Muskoka CDSB
Elementary867 m4.0 / 10
40% met the standard · 3 of 6 measures
Huron Park Public School
Simcoe County DSB
Elementary1.2 km6.8 / 10
68% met the standard
Mundy's Bay Elementary Public School
Simcoe County DSB
Elementary1.1 km5.8 / 10
58% met the standard
St Theresa's Separate School
Simcoe Muskoka CDSB
Secondary1.8 km5.9 / 10
59% met the standard · 2 of 6 measures
Bayview Public School
Simcoe County DSB
Elementary1.6 km5.6 / 10
56% met the standard
Georgian Bay District Secondary School
Simcoe County DSB
Secondary1.8 km6.2 / 10
62% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 458 people.

$52,000Median household income
35.6%Own their home
31.9%Detached houses
46.8Median age
8.2%Born outside Canada
13.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35430583 — the few blocks around this address, home to 458 people. It describes the area, not this property.

458Population
43.5Average age
2Household size
$58,800Average household income
$52,000Median household income
36%Own their home
64%Rent
0%Condominiums
8%Born outside Canada
13%University degree
$395,000Average home value
28%Low income
95%Not in the labour force
35%Never married
$10,000 to $14,9994%
$15,000 to $19,9998%
$20,000 to $24,9996%
$25,000 to $29,9996%
$30,000 to $34,9996%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9996%
$50,000 to $59,99910%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over15%
$100,000 to $124,9998%
$125,000 to $149,9992%
$150,000 to $199,9994%

Percentages are of the 260 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$119,980 · minimum here is $34,990
$2,656.23per month
Borrowed before insurance$479,920
Total borrowed$479,920
Interest over 25 years at 4.5%$316,948

If you rented it out

-$3,078.06per month out of pocket
Rent$0.00
Everything it costs to hold$3,078.06
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX HALLMARK CHAY REALTY. Listing data provided by the Toronto Regional Real Estate Board.