985 Cook Drive, Midland

$520,000
985 Cook Drive

$520,000

New
29d
Att/Row/Townhouse2-Storey

985 Cook Drive, Midland

Total Monthly Obligation $2,815

Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
29d
Score
23
Yield
6.1%
Cash on Cash
1.3%
Cap Rate
4.9%
5Y IRR
16.6%
10Y IRR
15.4%
Property Type-Att/Row/Townhouse
MLS® Number-S13825916
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-23.68 × 90.35 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$4,106.44 (2026)
Parking-2 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

END-UNIT TOWNHOME WITH A FULLY FENCED BACKYARD OFFERING LOW-MAINTENANCE LIVING & WALKABLE ACCESS TO SCHOOLS, SHOPS, & LITTLE LAKE! Step into effortless living in this 2015-built townhouse tucked into a tree-lined Midland community. From the moment you arrive, you are welcomed by a peaceful streetscape and charming curb appeal, while the attached garage, additional driveway parking, and direct interior access keep daily routines simple and efficient. Inside, the home immediately feels bright and open, enhanced by its end-unit positioning and extra west-facing windows that invite in natural light throughout the main living spaces. The mostly carpet-free interior features hardwood flooring across the living room and upper level, creating a clean, cohesive feel from top to bottom. The main floor is designed for connection, with an open layout that allows the living room, dining area, and kitchen to flow together seamlessly. A breakfast bar adds a casual gathering point, while the walkout to the backyard extends the living space outdoors, ideal for relaxed evenings or easy entertaining. A main floor powder room adds everyday practicality. Upstairs, three well-proportioned bedrooms offer comfortable, private spaces that adapt easily to family living, guests, or a home office, all served by a full 4-piece bathroom. The lower level provides an unspoiled basement with outstanding potential to be finished and tailored to your needs. Outdoors, the fully fenced backyard is a private extension of the home with a small deck, green space, and storage shed, with a side gate adding convenient access for daily use. All of this is set within walking distance to schools, shopping, restaurants, transit, Georgian Bay General Hospital, and the scenic trails and waterfront along Little Lake, placing everything you need right at your doorstep and making it easy to enjoy a balanced, connected lifestyle every day.

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

Closing Costs

Mortgage Amount
$416,000
Land Transfer Taxes$6,875
Legal Fees (Est.)
$
Total cash required for closing$112,375

Total Monthly Obligation

$2,815/mo
Mortgage $2,098
Monthly Loss $2,263
Principal$552
Interest$1,546
Property Tax$342
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.6%3
5-Year IRR
12.1%50
10-Year IRR
12.2%
Returns Index
26.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$31,800/yr
NOI
$20,014/yr
Net Cash Flow
-$430/mo
Cash Margin
-16.2%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
30.0/ 100

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

Comparables

Properties near 985 Cook Drive

Time

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