Attention investors and homebuyers! Looking for an investment with real cash-flow potential? Look no further! Welcome to 154 Fifth Street in Midland - a legal duplex offering flexibility, excellent income potential, and vacant possession. The property features a one-bedroom unit that recently rented for $1,615 per month and a two-bedroom unit that rented for $1,850 per month, with tenants responsible for all utilities in addition to their monthly rent. Vacant possession gives you the flexibility to set your own rents, choose your own tenants, move into one unit while renting the other to help offset your mortgage, or accommodate extended family. Each self-contained unit has its own driveway, hydro meter, in-suite laundry, and storage shed, providing added convenience and privacy. Ideally located within walking distance of downtown Midland and the waterfront trail, residents can enjoy easy access to local shops, restaurants and beautiful Georgian Bay. Whether you're looking to expand your investment portfolio, reduce your housing costs or explore a multi-generational living arrangement, this versatile property offers plenty of possibilities!
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $454 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 154 Fifth St
Every detail from the listing, in one place.
Type
Duplex
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Duplex
154 Fifth St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S14129136$499,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 154 Fifth St Compares to the Midland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,456
/mo
based on the purchase price of $499,900
$99,980 cash
$399,920 financed
$336,838 total interest
Principal54%$399,920
Interest46%$336,838
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Midland
Other 4-bed homes for sale in Midland around $500K.
Average days on market52Homes sold in about 52 days on average.
Sale-to-list ratio95.0%On average, homes sold below asking.
Active listings176Homes for sale here right now.
Median vs prior 90 days+8.0%Compared with May 2 – Jul 31, 2026: prices up.
Based on 113 sales from Jul 31 – Oct 29, 2026 (55 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 154 Fifth St
How much is 154 Fifth St listed for?
154 Fifth St is listed at $499,900 (MLS® S14129136). Summitly updates the price as soon as the MLS® record changes.
Is $499,900 a good price for 154 Fifth St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Midland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 154 Fifth St changed?
No — 154 Fifth St is still listed at its original asking price of $499,900.
How many bedrooms and bathrooms does 154 Fifth St have?
154 Fifth St has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a duplex in Midland.
How much would the monthly mortgage be on 154 Fifth St?
About $2,456 a month — principal and interest on $499,900 with 20% down ($99,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 154 Fifth St compare with other homes in Midland?
Its asking price of $499,900 is about 7% below the median sold price in Midland over the last 90 days, $540,000, across 113 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 154 Fifth St been sold before?
Summitly has no earlier MLS® sale or lease of 154 Fifth St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 154 Fifth St?
154 Fifth St is in Midland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 154 Fifth St been on the market?
154 Fifth St was listed today (October 29, 2026).
What is the price per square foot of 154 Fifth St?
About $333 to $454 per square foot: the asking price of $499,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 154 Fifth St have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 154 Fifth St have a basement, and is it finished?
The listing describes the basement as: Unfinished.