289 Centennial Drive, Midland

$1,224,500
289 Centennial Drive

$1,224,500

New
25d
DetachedBungalow

289 Centennial Drive, Midland

Total Monthly Obligation $6,041

Beds
3
Baths
3
Park
6
Sqft
1500-2000
DOM
25d
Score
14
Yield
2.4%
Cash on Cash
-14.4%
Cap Rate
1.5%
5Y IRR
4.4%
10Y IRR
6.0%
Property Type-Detached
MLS® Number-S13837772
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-82.02 × 196.85 ft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$8,717 (2025)
Parking-8 - Attached
Basement-Separate Entrance, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Insulated Concrete Form
Sewer-Septic
Possession-Flexible
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

There's something about life by Georgian Bay. Maybe it's having the marina minutes away, beaches around the corner, trails out your back door and four seasons of reasons to be outside... Or maybe it's coming home to a place like this. Welcome to 289 Centennial Drive, a custom-built bungalow tucked at the end of the street in one of Midland's newer estate communities, where the neighbourhood gives way to trees, trails and a little more breathing room. Only a few years old, this home was built for the way people actually want to live. Bright, open and beautifully connected, with 3 spacious bedrooms, 2.5 baths and a primary suite that feels like its own retreat, complete with heated ensuite floors and a generous walk-in closet. The custom kitchen opens right into the dining and living spaces, making everything from Sunday morning coffee to a house full of friends feel easy....and the current owners didn't stop where the builder did. They've invested over $75,000 outside with a paved driveway, landscape stonework, irrigation, standby generator and hot tub, turning a new build into a finished home you can simply move into and enjoy. Out back, pour a glass of wine, hop in the hot tub or settle onto the patio with nothing behind you but lawn, trees and walking trails. No rear neighbours. No rooftops staring back at you. Just privacy.The oversized insulated garage has room for the cars, bikes, golf clubs and Georgian Bay toys, plus direct access into the basement. Downstairs, 9-foot ceilings and that separate garage entrance open up some pretty exciting possibilities for whatever you have in mind next...and when you do feel like leaving home? Downtown Midland, Penetanguishene, Georgian Bay, beaches, marinas, golf and skiing are all just minutes away. New enough to be easy. Finished enough to feel established. Private enough to forget you're in town....289 Centennial might just be your excuse to spend a little more time by the Bay.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$979,600
Land Transfer Taxes$20,965
Legal Fees (Est.)
$
Total cash required for closing$267,365

Total Monthly Obligation

$6,041/mo
Mortgage $4,939
Monthly Loss $4,741
Principal$1,300
Interest$3,640
Property Tax$726
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.1%8
Cash-on-Cash
-17.5%0
5-Year IRR
2.0%5
10-Year IRR
4.5%
Returns Index
3.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$29,400/yr
NOI
$13,243/yr
Net Cash Flow
-$3,836/mo
Cash Margin
-156.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.222
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
14.9/ 100

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

Comparables

Properties near 289 Centennial Drive

Time

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Data last updated within the past 24 hours.