308 Russell Street, Midland

$349,900
308 Russell Street

$349,900

New
4d
Detached2-Storey

308 Russell Street, Midland

Total Monthly Obligation $1,989

Beds
3
Baths
1
Park
2
Sqft
1100-1500
DOM
4d
Score
41
Yield
8.5%
Cash on Cash
11.8%
Cap Rate
7.1%
5Y IRR
25.2%
10Y IRR
22.7%
Property Type-Detached
MLS® Number-S14094584
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-28 × 172 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,437 (2025)
Parking-2 - None
Basement-Unfinished, Partial Basement
Heating-Forced Air (Gas)
Brokerage-FARIS TEAM REAL ESTATE BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Immediate
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

Top 5 Reasons You Will Love This Home: 1) Bright, custom-designed kitchen thoughtfully crafted for both style and functionality, with an abundance of natural light creating a warm and inviting space 2) Recently remodeled full bathroom offering peace of mind, complete with a modern granite-topped vanity and contemporary finishes 3) Ideally situated just minutes from vibrant downtown Midland, with convenient access to the scenic Tiffin walking trail for year-round outdoor enjoyment 4) Spacious and private backyard surrounded by mature trees and enhanced by the deep lot, creating a peaceful, shaded retreat perfect for relaxing, entertaining, or play 5) Fantastic opportunity for first-time buyers to enter the market, ideally located just minutes from the beautiful shores of Georgian Bay, local marinas, and waterfront parks. 1,167 above grade sq.ft. plus an unfinished basement. *Please note some images have been virtually staged to show the potential of the home.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$1,989/mo
Mortgage $1,411
Monthly Loss $1,618
Principal$371
Interest$1,040
Property Tax$203
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.7%46
Cash-on-Cash
3.9%18
5-Year IRR
18.9%89
10-Year IRR
17.9%
Returns Index
51.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
41/ 100
Poor•Caution

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$29,760/yr
NOI
$19,847/yr
Net Cash Flow
$243/mo
Cash Margin
9.8%26
Cash Flow Index
26.0/ 100
Risk Profile
Weight: 20%
DSCR
1.1742
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
46.8/ 100

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

Comparables

Properties near 308 Russell Street

Time

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Data last updated within the past 24 hours.