Builder, Developers , Toronto, Scarborough very nice location to use for Residential Development Land, Minutes to 401, 404 & 407. ShoppingMall , Schools, Go Train. Subway. Listing being sold in combination with 2636 Midland Ave.
3 bedrooms, 2 bathrooms, about 3,000 sq ft, works out to roughly $1,667 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 2642 Midland Ave
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
26 spacesYes garage
Basement
Apartment, Separate Entrance
Features & systems
Parking & garage
Garage
Yes
Parking spaces
26
Interior
Basement
Apartment · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
2642 Midland Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E13239546$5,000,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2642 Midland Ave Compares to the Toronto 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
$24,563
/mo
based on the purchase price of $5,000,000
$1,000,000 cash
$4,000,000 financed
$3,369,050 total interest
Principal54%$4,000,000
Interest46%$3,369,050
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 Toronto
Other 4–6 bed homes for sale in Toronto around $5.0M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5121.8%On average, homes sold at or above asking.
Active listings12,965Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with May 7 – Aug 5, 2026: prices down.
Based on 9,257 sales from Aug 5 – Nov 3, 2026 (7,087 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
2642 Midland Ave is listed at $5,000,000 (MLS® E13239546). Summitly updates the price as soon as the MLS® record changes.
Is $5,000,000 a good price for 2642 Midland Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. 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 2642 Midland Ave changed?
No — 2642 Midland Ave is still listed at its original asking price of $5,000,000.
How many bedrooms and bathrooms does 2642 Midland Ave have?
2642 Midland Ave has 3 bedrooms and 2 bathrooms, with about 3,000–3,500 square feet of living space. It is a detached home in Toronto.
Is 2642 Midland Ave close to transit?
The nearest rapid-transit station is Agincourt GO Station (Stouffville GO), about 490 m (about a 6-minute walk) in a straight line. Milliken GO Station is about 4.1 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 2642 Midland Ave?
About $24,563 a month — principal and interest on $5,000,000 with 20% down ($1,000,000), 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 2642 Midland Ave compare with other homes in Toronto?
Its asking price of $5,000,000 is about 494% above the median sold price in Toronto over the last 90 days, $842,000, across 9,257 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 2642 Midland Ave been sold before?
Summitly has no earlier MLS® sale or lease of 2642 Midland Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2642 Midland Ave?
2642 Midland Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2642 Midland Ave been on the market?
153 days — 2642 Midland Ave was listed on June 3, 2026.
What is the price per square foot of 2642 Midland Ave?
About $1,429 to $1,667 per square foot: the asking price of $5,000,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 2642 Midland Ave have parking or a garage?
Yes — the listing gives 26 parking spaces. Garage: Yes.
