$599,000
Available - For Sale
Listing ID: S11892281
405 BAY St , Midland, L4R 1K7, Ontario


Great value can be found in this spacious home with income potential, located just steps to downtown, waterfront park, rotary trail, and many other conveniences. This well-kept home features: 4 Bdrms * 2.5 Baths * Main Floor Laundry * Rec Rm W/ Bar Area * Over 1900ft2 of Finished Space * Gas Furnace 2018 * Central Air 2021 * Shingles 2021 * Many Other Improvements * Currently Set Up As 2 Front and Back Apartments: Front unit is 2 Bedroom + Den and Back unit is 2 Bedroom. The current rents are approx $25,200/yr for front unit (will be vacant March 1, 2025) and $21,000/yr for back unit (will be vacant January 1, 2025). New owner can set new rents once vacant. It can easily be converted back to a single family home by opening a doorway. Great home for large family, room for in-laws / Adult Children or great opportunity for rental income. *Photos are from Spring of 2022*
Price $599,000
Taxes: $2872.00
Assessment: $174000
Assessment Year: 2024
Address: 405 BAY St , Midland, L4R 1K7, Ontario
Lot Size: 80.00 x 60.00 (Feet)
Acreage: < .50
Directions/Cross Streets: NORTH ON KING ST - EAST ON BAY - BETWEEN QUEEN AND MANLY - SIGN ON
Rooms: 9
Rooms +: 3
Bedrooms: 4
Bedrooms +: 0
Kitchens: 1
Kitchens +: 1
Family Room: N
Basement: Sep Entrance, Walk-Up
Approximatly Age: 51-99
Property Type: Detached
Style: 1 1/2 Storey
Exterior: Alum Siding
Garage Type: None
(Parking/)Drive: Pvt Double
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
Property Features: Arts Centre, Library, Marina, Park, Public Transit, School
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
Schools

4 public & 4 Catholic schools serve this home. Of these, 8 have catchments.

Parks & Rec

6 volleyball courts, 5 playgrounds and 11 other facilities are within a 20 min walk of this home.

$
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%
$ /Year
$ /Year
$ /Year
Years
%
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Percent Down:
Down Payment $29,950 $59,900 $89,850 $119,800
First Mortgage $569,050 $539,100 $509,150 $479,200
CMHC/GE $22,762 $16,712.1 $14,256.2 $0
Total Financing $591,812 $555,812.1 $523,406.2 $479,200
Monthly P&I $2,920.49 $2,742.83 $2,582.91 $2,364.77
Expenses $0 $0 $0 $0
Total Payment $2,920.49 $2,742.83 $2,582.91 $2,364.77
Income Required $109,518.2 $102,856.21 $96,859.31 $88,678.7

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$1,477.98
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX Georgian Bay Realty Ltd
Personal Picture
Gurpreet Guru
Sales Representative
Dir:
289-923-0725
Bus:
905-239-8383
Fax:
416-298-8303
 
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At a Glance:
Type: Freehold - Detached
Area: Simcoe
Municipality: Midland
Neighbourhood: Midland
Style: 1 1/2 Storey
Lot Size: 80.00 x 60.00(Feet)
Approximate Age: 51-99
Tax: $2,872
Maintenance Fee: $0
Beds: 4
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
Payment Calculator:
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