309 Penetanguishene Road

Midland · MLS® S12876860

Land · Vacant Land · 226 days on market

listed by LORRAINE JORDAN, Real Broker Ontario Ltd.

realtor's description

Vacant land with exceptional development upside in the heart of West End Midland! Rare opportunity to acquire a infill lot, close to hospital, schools, shopping and highway access. Parcel requires Official Plan amendment and zoning bylaw amendment to build - a blank slate to develop. This infill property offers flexibility for residential development under the Town of Midland's zoning framework, subject to site plan and municipal approvals a creative infill solution that compliments the surrounding neighbourhood awaits on a serviced lot. 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!

property details

type: Land, Vacant Land
parking: 0
property tax: $1,613 / yr
days on market: 226
MLS®: S12876860

features

Wooded area
Flat site
Community Centre

monthly cost

$1,333/mo

Mortgage $1,198 · Tax $134

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,198/ monthly

loan $220,000

25-year amortization

down payment20% · $55,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $139,445
cash to close: $55,000; down payment; transfer tax and fees not included
total paid: $359,445

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.