Income Today Development Tomorrow! Attention Builders & Investors! Rare opportunity to acquire two adjoining deep lots in prime Agincourt: 2683 & 2685 Midland Ave, offering approximately 125 ft of combined frontage x 227 ft depth (28,395 sq ft/0.65 acres). Severance planning is underway for a proposed four-lot configuration, retaining both existing homes on Midland Ave and creating two additional lots fronting Havendale Rd. Proposed retained lots: 2685A (62.49 ft x 115 ft; approx. 7,186 sq ft) and 2683A (62.74 ft x 115 ft; approx. 7,215 sq ft). Proposed Havendale lots: 2685B and 2683B (each approx. 56 ft x 125 ft; appro 7,000 sq ft). Each newly created lot is estimated at $1M-$1.2M. Severance process is underway with an estimated 18-month timeline. All lot dimensions, values and development concepts are estimates, subject to survey, zoning, servicing and municipal approvals. Explore additional redevelopment potential under Toronto's EHON initiative, including up to six units in qualifying detached buildings under Ward 23 permissions, and townhouse or small-scale apartment options under the Major Streets framework, subject to eligibility and approvals. The two existing residential buildings offer a combined 18 bedrooms and 16 bathrooms, plus a separate draft beer and café room. Airbnb and international student accommodations generate reported average combined revenue of approximately $20,000/month. Four years of supporting income records available to qualified buyers. Seller willing to provide at least one year of transition and operational support on agreed terms. The property is being transformed into a beautiful European-style garden estate, offering established accommodation income and long-term investment potential. Close to schools, parks, shopping, transit, Agincourt GO and Hwy 401. Asking price includes both properties; separate purchases negotiable.
4 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $2,587 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 2685 Midland Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1500-2000 sq ftas stated on the listing
Lot size
62.00 x 227.00 Feet
Parking
10 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
10
Interior
Basement
Finished
Lot & land
Lot dimensions
62.00 x 227.00 Feet
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
2685 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® E14138002$3,880,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2685 Midland Ave Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$19,061
/mo
based on the purchase price of $3,880,000
$776,000 cash
$3,104,000 financed
$2,614,383 total interest
Principal54%$3,104,000
Interest46%$2,614,383
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.
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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 3–5 bed homes for sale in Toronto around $3.9M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5042.3%On average, homes sold at or above asking.
Active listings12,308Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 6 – Aug 4, 2026: prices up.
Based on 9,406 sales from Aug 4 – Nov 2, 2026 (7,002 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 2685 Midland Ave
How much is 2685 Midland Ave listed for?
2685 Midland Ave is listed at $3,880,000 (MLS® E14138002). Summitly updates the price as soon as the MLS® record changes.
Is $3,880,000 a good price for 2685 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 2685 Midland Ave changed?
No — 2685 Midland Ave is still listed at its original asking price of $3,880,000.
How many bedrooms and bathrooms does 2685 Midland Ave have?
2685 Midland Ave has 4 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 2685 Midland Ave?
About $19,061 a month — principal and interest on $3,880,000 with 20% down ($776,000), 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 2685 Midland Ave compare with other homes in Toronto?
Its asking price of $3,880,000 is about 359% above the median sold price in Toronto over the last 90 days, $845,000, across 9,406 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 2685 Midland Ave been sold before?
Summitly has no earlier MLS® sale or lease of 2685 Midland Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2685 Midland Ave?
2685 Midland Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2685 Midland Ave been on the market?
2685 Midland Ave was listed today (November 2, 2026).
What is the price per square foot of 2685 Midland Ave?
About $1,940 to $2,587 per square foot: the asking price of $3,880,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 2685 Midland Ave have parking or a garage?
Yes — the listing gives 10 parking spaces. Garage: Yes.
Does 2685 Midland Ave have a basement, and is it finished?
