558 Elizabeth Street, Midland

$469,000
558 Elizabeth Street

$469,000

New
3d
Detached1 1/2 Storey

558 Elizabeth Street, Midland

Total Monthly Obligation $2,506

Beds
3
Baths
1
Park
2
Sqft
1100-1500
DOM
3d
Score
25
Yield
6.4%
Cash on Cash
3.4%
Cap Rate
5.3%
5Y IRR
18.3%
10Y IRR
16.9%
Property Type-Detached
MLS® Number-S14102496
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-33 × 95 ft
Listed on site-Oct 20, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$2,870.53 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Radiant (Gas)
Brokerage-KELLER WILLIAMS REFERRED URBAN REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Septic
Possession-30-59 days
Neighbourhood-Midland
Title-Residential Freehold

No agent assigned

Historic Charm Meets Modern Living in the Heart of Midland. Step into a piece of local history with this one-of-a-kind converted schoolhouse originally built in the late 1800s. Now smartly redesigned as a 3-bedroom residence, this property seamlessly blends timeless character with thoughtful updates. The main level features impressive 9' ceilings in the living and dining areas, while the primary bedroom boasts soaring 10' ceilings. Designed for those who love to cook and entertain, the well-appointed kitchen offers a large center island workspace and a dedicated side bar that flows seamlessly into a cozy den and main-floor laundry. Double French doors open directly onto a private deck, ideal for outdoor relaxation. Additional property features include a rear private driveway paired with a versatile workshop, garden shed, or extra storage space. Situated in an unbeatable downtown location, you are just an easy stroll from the boutique shops and dining on King Street, and a 5-minute walk to the Midland Marina. With updated 100-amp wiring, recent window replacements, and a newer roof, key mechanical upgrades are already taken care of. Located just 1.5 hours from Toronto for an easy weekend escape or reasonable commute, this versatile property makes an ideal starter home or low-maintenance right-sizing option. Outstanding location, unique style, and incredible value. Schedule your tour before it's gone!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$375,200
Land Transfer Taxes$5,855
Legal Fees (Est.)
$
Total cash required for closing$101,155

Total Monthly Obligation

$2,506/mo
Mortgage $1,892
Monthly Loss $2,008
Principal$498
Interest$1,394
Property Tax$239
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.8%4
5-Year IRR
13.5%61
10-Year IRR
13.4%
Returns Index
31.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$30,240/yr
NOI
$19,845/yr
Net Cash Flow
-$238/mo
Cash Margin
-9.4%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
34.0/ 100

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

Comparables

Properties near 558 Elizabeth Street

Time

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