Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

121 Seventh Street, Midland, ON L4R 3Y9

7 beds · 4 baths · 2 kitchens · 10 rooms · 4 parking spaces · 2000-2500 sq ft · Duplex
$648,000
Property tax
$3,699 / year

WELCOME TO 121 SEVENTH ST, LEGAL DUPLEX WITH 7 BEDROOMS, 4 BATHROOMS & IN-GROUND POOL. This Is An Excellent Opportunity To Own A Spacious Legal Duplex On An Impressive 50 X 200 Ft Lot In Midland. This Versatile Property Offers Two Completely Separate Units, Making It Ideal For Investors, Extended Families, Or Buyers Looking To Live In One Unit While Generating Rental Income From The Other. The Main-Floor Unit Features 3 Bedrooms And 2 Bathrooms, While The Fully Renovated Upper-Floor Unit Offers 4 Bedrooms And 2 Bathrooms, Providing Excellent Space And Flexibility For Both Occupants. Each Unit Is Separately Equipped With Its Own Hydro Meter Furnace And Air-Conditioning System, Offering Independent Utilities And Added Convenience For Bot Tenants And Owners. Enjoy The Outdoors With A Private In-Ground Swimming Pool And An Exceptionally Deep 200-Foot Lot, Offering Plenty Of Space For Recreation, Entertaining And Future Possibilities. The Property Combines Strong Income Potential With The Flexibility Of A Multi-Generational Or Owner-Occupied Investment. Located In A Desirable Midland Neighborhood, Close To Local Amenities, Schools, Shopping, Parks And Recreational Opportunities. A Rare Legal Duplex Offering 7 Bedrooms, 4 Bathrooms, Separate Utilities And An In-Ground Pool On A 50 X 200 Ft Lot. Excellent Investment And Family Opportunity.

MLS number
S13697338
Type
Duplex
Status
Active
Bedrooms
7
Bathrooms
4
Postal code
L4R 3Y9
Photos
50
Laundry
Not in the unit
24days · 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 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

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

$129,600 · minimum here is $39,800
$2,869.20per month
Borrowed before insurance$518,400
Total borrowed$518,400
Interest over 25 years at 4.5%$342,361

If you rented it out

-$3,177.45per month out of pocket
Rent$0.00
Everything it costs to hold$3,177.45
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 SUTTON GROUP-ADMIRAL REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.