769 Pratt Avenue, Midland

$515,000
769 Pratt Avenue

$515,000

New
28d
DetachedBungalow

769 Pratt Avenue, Midland

Total Monthly Obligation $2,745

HausQ Valuation Report
Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
28d
Score
22
Yield
5.9%
Cash on Cash
0.7%
Cap Rate
4.7%
5Y IRR
16.1%
10Y IRR
15.1%
Property Type-Detached
MLS® Number-S13827348
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-52.49 × 110 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,509.87 (2025)
Parking-4 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Keller Williams Experience Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

Welcome to 769 Pratt Avenue, a move-in-ready bungalow tucked away on a quiet cul-de-sac in Midland. This well maintained home is an excellent opportunity for first time buyers, downsizers, or anyone seeking comfortable, low maintenance living, offering roughly 1,400 sq. ft. of finished living space. Featuring three generously sized bedrooms, two bathrooms, and a functional layout, this home is designed to accommodate a variety of lifestyles.The finished lower level provides valuable additional living space, perfect for a family room, home office, home gym, or playroom. Thoughtful updates throughout offer added value and peace of mind, including a new furnace (2023), central air conditioning (2024), sump pump (2024), storage shed (2022), new bedroom flooring (2026), upgraded bathrooms, fresh paint, and numerous other improvements and updates.Step outside to the fully fenced backyard, an ideal space for children, pets, gardening, or summer entertaining. Ideally located just minutes from schools, parks, shopping, restaurants, everyday amenities, and the beautiful waterfront of Georgian Bay, this turnkey property combines comfort, convenience, and exceptional value. Simply move in and enjoy all this wonderful home has to offer!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$412,000
Land Transfer Taxes$6,775
Legal Fees (Est.)
$
Total cash required for closing$111,275

Total Monthly Obligation

$2,745/mo
Mortgage $2,077
Monthly Loss $2,198
Principal$547
Interest$1,531
Property Tax$292
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.1%2
5-Year IRR
11.6%47
10-Year IRR
11.9%
Returns Index
24.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$30,300/yr
NOI
$19,260/yr
Net Cash Flow
-$472/mo
Cash Margin
-18.7%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
30.2/ 100

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

Comparables

Properties near 769 Pratt Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.