525 Elizabeth St

Midland, Midland, L4R 2A2
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525 Elizabeth St, Midland
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3
BEDROOMS
2
BATHROOMS
2
KITCHENS
8
ROOMS
S4082944
MLSID
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Property Description
Great Downtown Investment Opportunity. All Amenities Nearby. 4 Car Parking: 2X2 Tandem From Rear Laneway. Main Floor 1 Bedroom Was Owner Occupied, Upstairs 2 Bedroom - Tenants Willing To Stay - $900 + Hydro, Month To Month. Brick To Roof Construction. Presently 2 Residential Units With Residential Taxes Paid Per Town Of Midland & Mpac. Located Downtown Core Commercial - Dc-F2.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-04-05 2023-04-17 12 $375,000 $371,000 Sold
2023-04-05 2023-04-17 12 $375,000 $371,000 Sold
2022-10-03 2022-10-21 18 $399,900 - Terminated
2022-09-23 2022-10-03 10 $429,900 - Terminated
Extras
2 Fridges, 2 Stoves, 2 Microwaves, Washer, Dryer, Electric Chair Lift To 2nd Fl, Elf, Broadloom W/L. Seller & Agent Do Not Warrant Retrofit Status Of Secondary Unit Nor Property Zoning. Property Heated By Both Fag And Electric Baseboard.
Property Features
Hospital, Place Of Worship, Public Transit
Property Details
Community
Property Type
Semi-Detached, 2-Storey
Lot Size
23' x 102'
Lot Irregularities
12 Foot Row At Rear Per Survey
Fronting
East
Taxes
$1,531 (2017)
Basement
Part Bsmt, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Rt-Of-Way
Garage Type
None
Room Summary
RoomLevelSizeFeatures
BrMain11.52' x 12.24'Fireplace
LivingMain11.91' x 18.24'
KitchenMain12.01' x 12.76'Pantry
Br2nd11.15' x 11.91'
Br2nd9.25' x 11.91'
Living2nd8.60' x 11.91'
Kitchen2nd11.81' x 12.73'L-Shaped Room
Sitting2nd4.59' x 6.76'
Midland Market Statistics
Midland Price Trend
525 Elizabeth St is a 3-bedroom 2-bathroom home listed for sale at $179,900, which is $422,572 (70.1%) lower than the average sold price of $602,472 in the last 30 days (February 26 - March 26). During the last 30 days the average sold price for a 3 bedroom home in Midland increased by $87,773 (17.1%) compared to the previous 30 day period (January 27 - February 25) and up $12,200 (2.1%) from the same time one year ago.
Inventory Change
There were 7 3-bedroom homes listed in Midland over the last 30 days (February 26 - March 26), which is down 30.0% compared with the previous 30 day period (January 27 - February 25) and down 56.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Midland typically sold ($24,350) (4.0%) below asking price over the last 30 days (February 26 - March 26), which represents a $12,173 decrease compared to the previous 30 day period (January 27 - February 25) and ($23,389) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Midland over the last 30 days (February 26 - March 26) stood at 114.3%, up from 100.0% over the previous 30 days (January 27 - February 25) and up from 68.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Midland stood at 45 days when successfully sold over the last 30 days (February 26 - March 26), compared to 99 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd., Brokerage
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