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BEDROOMS3
BATHROOMS1 + 1
KITCHENS9 + 3
ROOMSS11892281
MLSIDContact Us
Property Description
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*
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Property Features
Arts Centre, Library, Marina, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
80' x 60'
Acreage
< .50
Fronting
South
Taxes
$2,872 (2024)
Basement
Sep Entrance, Walk-Up
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
Call
Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.68' x 10.76' | Broadloom |
| Kitchen | Main | 8.17' x 12.01' | Vinyl Floor |
| Br | Main | 9.51' x 11.15' | Laminate |
| Br | Main | 10.76' x 9.68' | Broadloom |
| Br | Main | 12.01' x 9.51' | Laminate |
| Prim Bdrm | 2nd | 16.08' x 9.32' | Broadloom |
| Den | 2nd | 9.15' x 7.09' | Broadloom |
| Living | Lower | 10.66' x 13.48' | Laminate |
| Kitchen | Lower | 7.74' x 6.00' | Laminate |
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Midland Market Statistics
Midland Price Trend
405 BAY St is a 4-bedroom 3-bathroom home listed for sale at $580,000, which is $150,000 (20.5%) lower than the average sold price of $730,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Midland increased by $152,550 (26.4%) compared to the previous 30 day period (December 22 - January 20) and up $159,000 (27.8%) from the same time one year ago.Inventory Change
There were 7 4-bedroom homes listed in Midland over the last 30 days (January 21 - February 19), which is up 40.0% compared with the previous 30 day period (December 22 - January 20) and up ∞ compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Midland typically sold ($55,900) (7.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $50,900 decrease compared to the previous 30 day period (December 22 - January 20) and ($28,900) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Midland over the last 30 days (January 21 - February 19) stood at 14.3%, down from 40.0% over the previous 30 days (December 22 - January 20) and down from ∞ one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Midland stood at 14 days when successfully sold over the last 30 days (January 21 - February 19), compared to 127 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Georgian Bay Realty Ltd.
Similar Listings
Welcome to this charming, character filled two-story home nestled in one of Midlands most sought-after neighbourhoods. Situated on a generous corner lot, this home features a welcoming wrap-around covered porch, perfect for relaxing. Offering nearly 1615 sq. ft. of thoughtfully designed finished living space, this property seamlessly blends classic charm with modern comfort. Step inside to a warm and inviting living area with high ceilings, creating a sense of openness and tranquility. The spacious country style kitchen provides ample room for dining and features a walkout to a sundeck, where you can enjoy your private, fenced backyard ideal for both relaxation and entertaining. The second floor boasts three well sized bedrooms and a 4-piece bathroom, while the main level includes a convenient powder room. The partially finished basement offers additional versatility, featuring a cozy recreation room and ample storage space for seasonal decor and personal belongings. Move in with confidence knowing this home has been recently updated with a newer furnace (2022), central air (2022), and a fresh coat of paint throughout. There are multiple garden sheds that provide excellent storage solutions for tools, equipment, and seasonal items. Enjoy the convenience of being just minutes from the scenic shores of Georgian Bay, Midland Hospital, local restaurants, boutique shops, and the inviting downtown core.
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Top 5 Reasons You Will Love This Home: 1) Stunning ranch bungalow boasting a charming curb presence and established on a serene mature street 2) Enjoy a walkout basement leading to a fully fenced yard with no backing neighbours, providing ultimate privacy 3) Inviting free-flowing kitchen, living, and dining space complemented by three generously sized main level bedrooms and a semi-ensuite bathroom for added ease 4) Expansive finished basement presenting a large family room, an additional bedroom, a versatile bonus room, and ample storage space 5) Perfectly located close to schools, convenient local amenities, and the breathtaking beauty of Georgian Bay. 2,106 fin.sq.ft Age 36. Visit our website for more detailed information.
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