611 William Street

Midland · MLS® S12875640

Land · Vacant Land · 226 days on market

listed by LORRAINE JORDAN, Real Broker Ontario Ltd.

realtor's description

Requires Official Plan Act amendment from current Natural Heritage designation. Possibly a zoning change depending on development strategy. Registered Easements can be provided for review. With RA zoning in place, this site offers flexibility for residential development under the Town of Midland's zoning framework, supporting a range of services that would complement the existing neighbourhood character. Potential uses include a multi-unit residential building (subject to site plan and municipal approval) or creative infill solutions that maximize density on a serviced lot, or a retail option. Buyers are encouraged to complete their own due diligence regarding zoning regulations, development charges, site servicing, environmental studies, and official plan policies.

property details

type: Land, Vacant Land
parking: 0
property tax: $6,160 / yr
days on market: 226
MLS®: S12875640

features

Hillside
Wooded area
Irregular lot size
Sloping
Community Centre

monthly cost

$1,210/mo

Mortgage $697 · Tax $513

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

estimated payment

$697/ monthly

loan $128,000

25-year amortization

down payment20% · $32,00020%+ 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: $81,131
cash to close: $32,000; down payment; transfer tax and fees not included
total paid: $209,131

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