720 Ontario Street, Midland, ON L4R 1A5
Midland · L4R 1A5
$100,000
7 months on market
- Lot
- 49.46 × 99.96 ft
About this property
With R3 zoning in place, this site offers flexibility for residential development under the Town of Midland's zoning framework, supporting a range of housing forms that 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 (municipal sewer available). The lot's configuration and location also present a severance opportunity - where municipal consent could facilitate division into two building lots (buyer to confirm feasibility with planning staff). Imagine detached homes, semi-detached units, townhomes, or a modest apartment building in this vibrant community! Buyers are encouraged to complete their own due diligence regarding zoning regulations, development charges, site servicing, environmental studies, and official plan policies. A truly unique infill parcel with multiple paths to value creation - bring your vision and development expertise!
Property details
Property
- Property type
- vacant land
- Lot size
- 49.46 × 99.96 ft
- Zoning
- R3
- Possession
- Flexible
Interior
- Exposure
- North
Costs
- List price
- $100,000
- Property taxes
- $1,270 / year (2025)
Listing
- MLS® number
- S12874628
- Status
- For sale
- Listed
- March 12, 2026
- Days on market
- 238
- Last updated
- October 6, 2026
- Listing brokerage
- Real Broker Ontario Ltd.
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced below most comparable listings — about 6% of comparable vacant land listings in Midland are asking less.
Based on 18 comparable active vacant land listings in Midland. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $525.27
- Property tax (est.)
- $105.82
- Estimated monthly
- $631
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $725
- Total due on closing
- $725
An estimate on the asking price of $100,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Real Broker Ontario Ltd.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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