Home · Buy · Midland · 720 Ontario Street, Midland, ON L4R 1A5

For Sale · Vacant Land

720 Ontario Street, Midland, ON L4R 1A5

Midland · Midland

North exposure

Beds

Baths

Parking

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Sq ft

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Built

The honest picture

List price

$100,000

Renavu Estimate

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Benchmark · All homes

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Benchmark from the monthly TRREB Home Price Index. Estimate for guidance only — not an appraisal.

About this home

With R3 zoning in place, this site offers flexibility for residential development under the Town of Midland's zoning framework, supporting a range of housing forms that complement the existing neighbourhood character. Potential uses include a multi-unit residential building (subject to site plan and municipal approval) or creative infill solutions that maximize density on a serviced lot (municipal sewer available). The lot's configuration and location also present a severance opportunity - where municipal consent could facilitate division into two building lots (buyer to confirm feasibility with planning staff). Imagine detached homes, semi-detached units, townhomes, or a modest apartment building in this vibrant community! Buyers are encouraged to complete their own due diligence regarding zoning regulations, development charges, site servicing, environmental studies, and official plan policies. A truly unique infill parcel with multiple paths to value creation - bring your vision and development expertise!

Property details

Listed on

March 12, 2026

Days on market

135 days

Property tax

$1,269.83 (2025)

Lot

49.46 × 99.96 Feet

MLS®

S12874628

Full details

Building & lot

FacingNorth

Lot size49.46 × 99.96 Feet

Property typeVacant Land

Property & sold history

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See this home's sale & listing history

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Run the numbers

True cost to close

What you actually need in cash — land transfer tax, closing costs, and your down payment.

Purchase price

Down payment · 5.0%

Down:or type any amount above

Property is in the City of TorontoFirst-time buyer

Legal fees

Title insurance

Home inspection

Ontario land transfer tax$725

Legal · title · inspection$2,800

Closing costs$3,525

Down payment$5,000

Total cash to close$8,525

Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.