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Property Description
Top 5 Reasons You Will Love This Home: 1) Incredible Midland Point post and beam home complete with a massive workshop/garage while peacefully situated on a large lot with direct access to 50.68 feet of waterfrontage on Georgian Bay 2) Loft space featuring a private primary suite including a sitting area overlooking the main living space and finished with a bathroom and wall-to-wall closets 3) The expansive deck with seamless glass railings and gorgeous views across the bay is perfect for entertaining in the warmer months, alongside an over 80-foot aluminum dock for added convenience 4) Flexible living with a fully finished walkout basement offering a recreation room, guest bedroom, and a full bathroom 5) Settled in an exclusive area, an easy commute to in-town, and close to shopping and grocery stores. 2,677 fin.sq.ft. Age 25. Visit our website for more detailed information.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-22 | 2024-08-26 | 96 | $1,849,900 | - | Terminated |
| 2024-05-02 | 2024-05-22 | 20 | $1,849,900 | - | Terminated |
Property Features
Lake Access, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
51' x 287'
Acreage
< .50
Fronting
West
Taxes
$9,730 (2023)
Basement
Fin W/O, Full
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Parking Spaces
15
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12.11' x 14.76' | Slate Flooring, Large Window, Walk-Out |
| Breakfast | Main | 8.20' x 11.84' | Plank Floor, Open Concept, Large Window |
| Dining | Main | 8.30' x 16.37' | Plank Floor, Cathedral Ceiling, Window |
| Living | Main | 16.99' x 20.41' | Plank Floor, Window Flr to Ceil, Open Concept |
| Br | Main | 12.17' x 13.25' | Plank Floor, Window |
| Prim Bdrm | 2nd | 11.98' x 19.85' | Plank Floor, Window |
| Rec | Lower | 25.36' x 27.10' | Plank Floor, Gas Fireplace, W/O To Yard |
| Br | Lower | 9.38' x 11.52' | Plank Floor, Window |
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Midland Market Statistics
Midland Price Trend
431 Mundy's Bay Rd is a 2-bedroom 3-bathroom home listed for sale at $1,849,900, which is $1,310,345 (242.9%) higher than the average sold price of $539,555 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom home in Midland increased by $194,555 (56.4%) compared to the previous 30 day period (July 20 - August 18) and down $111,595 (17.1%) from the same time one year ago.Inventory Change
There were 6 2-bedroom homes listed in Midland over the last 30 days (August 19 - September 17), which is down 0.0% compared with the previous 30 day period (July 20 - August 18) and up 200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Midland typically sold ($8,388) (1.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $26,512 increase compared to the previous 30 day period (July 20 - August 18) and $31,920 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 2-bedroom homes in Midland over the last 30 days (August 19 - September 17) stood at 150.0%, up from 83.3% over the previous 30 days (July 20 - August 18) and down from 500.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Midland stood at 27 days when successfully sold over the last 30 days (August 19 - September 17), compared to 39 days before being removed from the market upon being suspended or terminated.Listing contracted with Faris Team Real Estate
Similar Listings
Top 5 Reasons You Will Love This Home: 1) Own this incredible home settled by the edge of the water with a lovely boardwalk trail and 50' of waterfrontage with an included removable aluminum dock 2) Enjoy being located in the most prestigious neighbourhood in Midland at an obtainable price point 3) Added benefit of bungalow living with all principal rooms on one level and an integrated, seamless layout, ideal for entertaining with ease 4) Several upgrades, including the furnace, water heater, and central air conditioner replaced in 2021, newer ventilation and insulation in the roof (2023), a new sliding door (2016), a Spanish concrete-tile roof, central vac, custom three-sided fireplace in the living room, new water softer and filtration system (2020), and over $50,000 of professional landscaping 5) Fully finished basement hosting an extra bedroom, bathroom, and a versatile landing or office nook. 2,031 Fin.sq.ft. Age 23. Visit our website for more detailed information.
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