179 Seventh Street, Midland

$369,900
179 Seventh Street

$369,900

New
29d
Detached2-Storey

179 Seventh Street, Midland

Total Monthly Obligation $2,079

Beds
3
Baths
1
Park
5
Sqft
700-1100
DOM
29d
Score
29
Yield
7.3%
Cash on Cash
6.7%
Cap Rate
6.0%
5Y IRR
20.9%
10Y IRR
19.0%
Property Type-Detached
MLS® Number-S13824824
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-49.92 × 130.38 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$2,548.83 (2026)
Parking-5 - None
Basement-Unfinished, Full, Exposed Rock
Heating-Forced Air (Gas)
Brokerage-Real Broker Ontario Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

Enjoy quiet mornings on the welcoming front porch or relaxing evenings on the private rear deck. With three bedrooms and 1 bath this century home is ideally situated on a large corner lot in a mature West end Midland neighbourhood, just minutes from the shops, restaurants, waterfront and amenities of downtown. Recent updates include a new furnace (2022), central air conditioning (2023), washer and dryer (2024), and electric hot water tank (owned 2021). The property provides exceptional parking, with space for four vehicles in the driveway off Montreal Street plus an additional one-car driveway off Seventh Street. The Primary features a large walk in closet, the unfinished basement offers plenty of storage, while the workshop in the rear yard provides additional space for hobbies, projects or equipment. Don't miss this opportunity to enjoy a spacious lot, ample parking and a convenient location close to the heart of Midland.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$295,920
Land Transfer Taxes$4,024
Legal Fees (Est.)
$
Total cash required for closing$79,504

Total Monthly Obligation

$2,079/mo
Mortgage $1,492
Monthly Loss $1,687
Principal$393
Interest$1,099
Property Tax$212
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%34
Cash-on-Cash
-0.7%6
5-Year IRR
15.2%72
10-Year IRR
14.8%
Returns Index
38.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,120/yr
NOI
$17,359/yr
Net Cash Flow
-$45/mo
Cash Margin
-2.0%3
Cash Flow Index
3.2/ 100
Risk Profile
Weight: 20%
DSCR
0.9725
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
40.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 179 Seventh Street

Time

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