8870 County 93 Rd

Midland | Midland | L4R 4K4
  • 3
  • 4
  • 0

Ask: $10,500,000 $6,900,000

Est. Mtg $23,396 /mo
  • Days on market

    476

  • Status

    Pc

Listing Broker SOTHEBY`S INTERNATIONAL REALTY CANADA
Since listed: 2 views

Home details

MLS #:

S6728296

Property type:
Detached
Style:
2-Storey
Taxes:
$7,886
Possession:
Flexible
Lot Front:
382.29   Feet
Lot Depth:
3589.31   Feet
Basement:
Part Bsmt | Unfinished
Driveway Pkg:
16
Heat:
Other | Other

Description


8870 County 93 Rd, , Midland, Ontario is a Detached property in Midland and in the Midland community in the L4R 4K4 postal code


Introducing an unparalleled investment opportunity within the town of Midland, Ontario, strategically positioned with direct access from Hwy 93. This expansive 115+ acre parcel boasts prime visibility and seamless connectivity to major transportation arteries, making it an irresistible prospect for astute developers seeking a foothold in a strategic growth area. Presently zoned rural with an exception permitting machine shop operations across the entire property. By-Laws allow for up to 35% lot coverage, unlocking vast expansion prospects such as a sprawling fabrication hub. At the core of the property lies a fully operational machine shop, celebrated for its precision CNC machining, milling, welding, and fabrication capabilities. Boasting a 3600 sq. ft. workshop, complete with a 16 ft door facilitating ground level access for large-scale equipment and machinery. Essential amenities including bathrooms, two expansive offices, and a dedicated lunchroom ensure optimal operational efficiency. Additionally, a modernized 3-bedroom residence spanning 2,500 sq. ft. affords the unique opportunity for onsite living and working. The property's potential is further accentuated by a 66-foot unopened laneway at the rear, poised to enable future access from Marshall Road, paving the way for additional development prospects. With a strategic zoning adjustment, the site could seamlessly transition into a lucrative residential subdivision, further enhancing its investment appeal. Conveniently situated mere minutes from key amenities, including Georgian Bay and Huronia Regional Airport, and offering swift access to Hwy 400, Barrie, the GTA, Toronto International Airport, and the US Border. The seller is open to facilitating the transaction through a Seller Take Back Mortgage, subject to mutually agreeable terms and buyer credit worthiness approval. Don't miss your chance to capitalize on this prime investment prospect in one of Ontario's most promising growth corridors..

Extras

Situated within the town of Midland on County Road 93, the property enjoys proximity to the town and all its amenities. The location's strategic placement also presents excellent future development opportunities..


History

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List Date End Date List Price End Price Status MLS #
2023-08 2024-01 $10,500,000 $10,500,000 Ter S6728276
2023-08 2024-08 $10,500,000 $6,900,000 Pc S6728296
2024-08 $10,500,000 $6,900,000 S7370676
2024-08 $10,500,000 $6,900,000 S6728288

Comparables

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sold Date Address List Price sold Price DOM
2024-11 963 Wright Dr, $699,900 $694,000 138
2024-11 1030 Whitney Cres, $635,500 $615,000 46
2024-10 365 Pheasant Lane, $1,499,900 $1,266,000 108
2024-10 387 Yonge St, $499,000 $475,000 123
2024-10 1650 Golf Link Rd, $1,200,000 $1,200,000 63
2024-09 342 Seventh St W, $585,900 $560,000 44
2024-08 621 HUGEL Ave, $499,999 $510,000 83
2024-08 107 Woodland Dr, $739,000 $720,000 44
2024-08 351 Galloway Blvd, $695,000 $679,500 55
2024-07 755 Birchwood Dr, $499,000 $483,000 26
2024-07 758 Hugel Ave, $449,500 $447,000 57
2024-07 985 Whitney Cres, $599,900 $600,000 7
2024-05 123 Griffin St, $849,900 $835,000 60
2024-05 641 Bay St, $649,000 $638,000 13
2024-04 174 Griffin St, $719,900 $700,000 24

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity Detached

Sale activity

Midland :

Properties sold
Average sale price
New Listings
Year on Year Growth

Municipality activity All Property Types

Sale activity

Midland :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 8870 County 93 Rd

Based on available 3rd party data

$24188

Approximate costs per month

Mortgage
$23396 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$657 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Golf
  • Hospital
  • Place Of Worship
  • Rolling
  • School
Listing Broker SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Source: TRREB

Payment calculator

$24053 monthly. In association with: TD Bank
%
  • Principal and Interest
    23396 /mo
  • Property Taxes
    $657 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Rena Alessa, Realtor

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