Homula Realty Brokerage
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98 Fourth Street, Midland, ON L4R 3T1

2+2 beds · 3 baths · 1+1 kitchens · 4+4 rooms · 4 parking spaces · 1500-2000 sq ft · Laundry on the main level level · Duplex
$349,900
Property tax
$3,416 / year

Looking for a winter project? This property presents a great opportunity for Investors, Builders, Flippers & Handymen! This property is priced to sell and being sold "as is". An opportunity for savvy buyers looking to restore, renovate, or reimagine functional space. This solid duplex features two units. Unit #1 is a main level 2 bedroom 2 bath which is tenanted. Unit #2 is an upper level 2 bedroom 1 bath which requires updating. Live in one unit while updating the other. Bonus attic space waiting for your finishing touches. Walk to downtown waterfront, shops, dining, parks, walking trails. Newer furnace and Hot water tank. This property represents a rare opportunity to capitalize and build equity in a convenient in-town location.

MLS number
S13768056
Type
Duplex
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
L4R 3T1
Photos
12
Laundry
Main Level level
3days · 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

No previous listings found for this address.

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.

$69,980 · minimum here is $17,495
$1,549.28per month
Borrowed before insurance$279,920
Total borrowed$279,920
Interest over 25 years at 4.5%$184,864

If you rented it out

-$1,833.95per month out of pocket
Rent$0.00
Everything it costs to hold$1,833.95
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 Royal LePage In Touch Realty. Listing data provided by the Toronto Regional Real Estate Board.