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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Midland
About 305 Penetanguishene Rd Road
Vacant land with exceptional development upside in the heart of West End Midland! Rare opportunity to acquire a building lot, close to hospital, schools, shopping and highway access. Parcel requires Official Plan amendment and zoning bylaw amendment to build - a blank slate to develop. This property has 62' of frontage and offers flexibility for residential development under the Town of Midland's zoning framework, subject to site plan and municipal approvals a creative infill solution that complements the surrounding neighbourhood awaits on a serviced lot. Buyers are encouraged to complete their own due diligence regarding zoning regulations, development charges, site servicing, environmental studies, and official plan policies .A truly unique infill parcel with multiple paths to value creation - bring your vision and development expertise!
Midland land priced at $250,000 — book a tour to see if it fits your search.
Inside 305 Penetanguishene Rd Rd
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0.173
Listing & possession
Property class
Vacant Land
305 Penetanguishene Rd Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S12876730$250,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 305 Penetanguishene Rd Rd Compares to the Midland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$1,228
/mo
based on the purchase price of $250,000
$50,000 cash
$200,000 financed
$168,452 total interest
Principal54%$200,000
Interest46%$168,452
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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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Book a tour of 305 Penetanguishene Rd Rd with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 305 Penetanguishene Rd Rd day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
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+3.4%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 108 sales from Jul 25 – Oct 23, 2026 (57 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 305 Penetanguishene Rd Rd
How much is 305 Penetanguishene Rd Rd listed for?
305 Penetanguishene Rd Rd is listed at $250,000 (MLS® S12876730). Summitly updates the price as soon as the MLS® record changes.
Has the price of 305 Penetanguishene Rd Rd changed?
No — 305 Penetanguishene Rd Rd is still listed at its original asking price of $250,000.
How many bedrooms and bathrooms does 305 Penetanguishene Rd Rd have?
The listing for 305 Penetanguishene Rd Rd doesn't publish its bedroom and bathroom count. It is a lot in Midland.
How much would the monthly mortgage be on 305 Penetanguishene Rd Rd?
About $1,228 a month — principal and interest on $250,000 with 20% down ($50,000), 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 305 Penetanguishene Rd Rd compare with other homes in Midland?
Its asking price of $250,000 is about 53% below the median sold price in Midland over the last 90 days, $532,500, across 108 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 305 Penetanguishene Rd Rd been sold before?
Summitly has no earlier MLS® sale or lease of 305 Penetanguishene Rd Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 305 Penetanguishene Rd Rd?
305 Penetanguishene Rd Rd is in Midland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 305 Penetanguishene Rd Rd been on the market?
225 days — 305 Penetanguishene Rd Rd was listed on March 12, 2026.
What is the lot size of 305 Penetanguishene Rd Rd?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 305 Penetanguishene Rd Rd?
About $2,225 in Ontario land transfer tax at the asking price of $250,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 305 Penetanguishene Rd Rd or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 305 Penetanguishene Rd Rd?
The listing for 305 Penetanguishene Rd Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Midland.
