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Property Description
Introducing an unparalleled investment opportunity within the town of Midland, Ontario, strategically positioned with direct access from Hwy 93. This expansive 115+ acre parcel boasts prime visibility and seamless connectivity to major transportation arteries, making it an irresistible prospect for astute developers seeking a foothold in a strategic growth area. Presently zoned rural with an exception permitting machine shop operations across the entire property. By-Laws allow for up to 35% lot coverage, unlocking vast expansion prospects such as a sprawling fabrication hub. At the core of the property lies a fully operational machine shop, celebrated for its precision CNC machining, milling, welding, and fabrication capabilities. Boasting a 3600 sq. ft. workshop, complete with a 16 ft door facilitating ground level access for large-scale equipment and machinery. Essential amenities including bathrooms, two expansive offices, and a dedicated lunchroom ensure optimal operational efficiency. Additionally, a modernized 3-bedroom residence spanning 2,500 sq. ft. affords the unique opportunity for onsite living and working. The property's potential is further accentuated by a 66-foot unopened laneway at the rear, poised to enable future access from Marshall Road, paving the way for additional development prospects. With a strategic zoning adjustment, the site could seamlessly transition into a lucrative residential subdivision, further enhancing its investment appeal. Conveniently situated mere minutes from key amenities, including Georgian Bay and Huronia Regional Airport, and offering swift access to Hwy 400, Barrie, the GTA, Toronto International Airport, and the US Border. The seller is open to facilitating the transaction through a Seller Take Back Mortgage, subject to mutually agreeable terms and buyer credit worthiness approval. Don't miss your chance to capitalize on this prime investment prospect in one of Ontario's most promising growth corridors.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-08-09 | 2024-01-11 | 155 | $10,500,000 | - | Terminated |
| 2023-08-09 | 2023-12-29 | 142 | $10,500,000 | - | Suspended |
Extras
Situated within the town of Midland on County Road 93, the property enjoys proximity to the town and all its amenities. The location's strategic placement also presents excellent future development opportunities.
Property Features
Golf, Hospital, Place Of Worship, Rolling, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
382' x 3,589'
Acreage
100+
Lot Irregularities
Lot Size Irregular
Fronting
West
Taxes
$7,886 (2023)
Basement
Part Bsmt, Unfinished
Exterior
Vinyl Siding
Heat Type
Other
Heat Source
Other
Air Conditioning
Wall Unit
Water
Well
Parking Spaces
16
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.58' x 16.93' | Bay Window, Laminate |
| Kitchen | Main | 13.09' x 15.26' | Laminate |
| Dining | Main | 7.74' x 16.99' | W/O To Patio, Laminate, Wood Stove |
| Foyer | Main | 6.33' x 12.07' | Tile Floor |
| Exercise | Main | 11.32' x 20.01' | Sliding Doors, W/O To Deck |
| Prim Bdrm | 2nd | 11.15' x 16.99' | Laminate |
| Bathroom | 2nd | 5.15' x 9.42' | 4 Pc Ensuite, Tile Floor |
| Br | 2nd | 8.33' x 13.58' | Laminate |
| Br | 2nd | 8.23' x 10.07' | Laminate |
| Bathroom | 2nd | 5.84' x 9.58' | 4 Pc Bath, Laminate |
| Kitchen | 2nd | 6.99' x 11.09' | Laminate, Combined W/Laundry, Pantry |
| Living | 2nd | 14.24' x 21.00' | Combined W/Dining, Laminate, W/O To Deck |
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Midland Market Statistics
Midland Price Trend
8870 County 93 Rd is a 3-bedroom 4-bathroom home listed for sale at $9,900,000, which is $9,272,000 (1,476.4%) higher than the average sold price of $628,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Midland increased by $63,834 (11.3%) compared to the previous 30 day period (March 15 - April 13) and up $26,750 (4.4%) from the same time one year ago.Inventory Change
There were 19 3-bedroom homes listed in Midland over the last 30 days (April 14 - May 13), which is up 111.1% compared with the previous 30 day period (March 15 - April 13) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Midland typically sold ($20,338) (3.2%) below asking price over the last 30 days (April 14 - May 13), which represents a $4,645 increase compared to the previous 30 day period (March 15 - April 13) and ($15,575) 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 3-bedroom homes in Midland over the last 30 days (April 14 - May 13) stood at 63.2%, down from 133.3% over the previous 30 days (March 15 - April 13) and up from 42.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Midland stood at 24 days when successfully sold over the last 30 days (April 14 - May 13), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada
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