323 William Street, Midland

$325,000
323 William Street

$325,000

New
3d
DetachedBungalow

323 William Street, Midland

Total Monthly Obligation $1,913

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
3d
Score
27
Yield
7.3%
Cash on Cash
5.6%
Cap Rate
5.8%
5Y IRR
20.1%
10Y IRR
18.3%
Property Type-Detached
MLS® Number-S14099526
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-38.83 × 151.6 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,726 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal LePage In Touch Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

Exceptional Value in the Heart of Midland! Welcome to 323 William Street, a well-maintained 2 bedroom, 1 bathroom bungalow offering exceptional value and plenty of potential! Situated on a generous 38' x 150' lot in a convenient Midland location, this home is an excellent opportunity for first-time buyers, investors, or those looking to downsize into comfortable, one-level living. The kitchen was expanded in 1990, and the electrical wiring was also updated and a 200-amp electrical panel installed. A versatile front room, currently used as a laundry area, offers added flexibility and could serve as a potential third bedroom, home office, cozy sitting room, or hobby space. Recent mechanical updates include a new furnace and newer central air conditioning. Outside, the deep lot provides plenty of room to garden, entertain, relax, or explore future possibilities. Conveniently located close to schools, shopping, parks, marinas, and Midland's beautiful Rotary Waterfront Trail system, you'll enjoy easy access to many of the amenities that make Midland such a wonderful place to call home. Exceptional value, a generous lot, and endless possibilities! Whether you're looking to enter the market, add to your investment portfolio, or create a home that suits your lifestyle, this one is an opportunity worth exploring.

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Closing Costs

Mortgage Amount
$260,000
Land Transfer Taxes$3,350
Legal Fees (Est.)
$
Total cash required for closing$69,850

Total Monthly Obligation

$1,913/mo
Mortgage $1,311
Monthly Loss $1,568
Principal$345
Interest$966
Property Tax$227
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.3%4
5-Year IRR
14.0%65
10-Year IRR
13.9%
Returns Index
33.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$23,748/yr
NOI
$14,147/yr
Net Cash Flow
-$132/mo
Cash Margin
-6.7%1
Cash Flow Index
1.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo83
Risk Index
40.3/ 100

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

Comparables

Properties near 323 William Street

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.