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Property Description
Great Investment Opportunity In Midland! You Could Live In One Unit And Have A Mortgage Helper With The Other! This Well Maintained 2+2 Bedroom, 2 Bathroom, 2.5 Story Duplex, Sits On A Large 150 Foot Fully Fenced Treed Lot In A Great Location! The Upper Apartment Is Vacant And Ready For You! It Has A Great Patio Outback And Trendy Loft. Only A Short Walk To Downtown And All The Amazing Amenities Midland Has To Offer Including Shopping And Restaurants And Georgian Bay!
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Property Features
Marina, Public Transit, Waterfront, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
36' x 150'
Acreage
< .50
Lot Irregularities
36.45 Ft X 149.71 Ft X 36.29 Ft X 149.84
Fronting
South
Taxes
$2,475 (2022)
Basement
Part Bsmt
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Midland Market Statistics
Midland Price Trend
649 Bay St is a 2-bedroom 2-bathroom home listed for sale at $599,900, which is $77,600 (11.5 %) lower than the average sold price of $677,500 in the last 30 days (June 2 - July 1). During the last 30 days the average sold price for a 2 bedroom home in Midland increased by $19,000 (2.9 %) compared to the previous 30 day period (May 3 - June 1) and up $117,500 (21.0 %) from the same time one year ago.Inventory Change
There were 10 2-bedroom homes listed in Midland over the last 30 days (June 2 - July 1), which is down 0.0 % compared with the previous 30 day period (May 3 - June 1) and up 150.0 % compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Midland typically sold ($10,450) (1.5 %) below asking price over the last 30 days (June 2 - July 1), which represents a $12,000 decrease compared to the previous 30 day period (May 3 - June 1) and $5,100 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 (June 2 - July 1) stood at 60.0 %, up from 20.0 % over the previous 30 days (May 3 - June 1) and up from 50.0 % one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Midland stood at 17 days when successfully sold over the last 30 days (June 2 - July 1), compared to 20 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Chay Realty, Brokerage
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