140 MAIN STREET E, Milton (OM Old Milton)

$2,800,000

For sale: Other

Other at 140 MAIN STREET E, Milton (OM Old Milton)
Property type
Investment
Bedrooms / bathrooms
5 bathrooms
MLS®
MLS® W13769136
Neighbourhood
1035 - OM Old Milton

Rare 4,254 SF freestanding mixed-use investment opportunity on a 0.10-acre site in the heart of Downtown Milton on Main Street East. Situated on a 33.46' x 132.74' lot with Main Street exposure, signage visibility and rear parking. Originally built in 1913, and substantially renovated in 1998, while adding a two-storey rear addition with 2 more apartments, the building offers approximately 2,077 SF on the main floor and 2,177 SF of residential space above. The main floor includes approximately 1,750 SF of retail space currently built out as a hair salon/barber shop, plus approximately 327 SF at the rear containing two small garage/storage areas, additional office with 1/2 bath and access to the second floor. Commercial space is serviced by forced-air gas heat (approx 5 yrs old) and central air conditioning. The second floor contains three self-contained apartments: Unit 201 is approximately 1,025 SF with 2 bedrooms and 2 skylights; Unit 202 is approximately 625 SF with 1 bedroom and a skylight; and Unit 203 is approximately 500 SF with 1 bedroom and a skylight. Each apartment includes a 4-piece bathroom. Apartments feature electric baseboard heating and wall-mounted air conditioning. Building features 400-amp electrical service with separate metering for each tenant. Located within Milton's Central Business District with CBD-A zoning permitting a wide variety of commercial and residential uses. The property also forms part of the HUSP Urban Area, offering significant redevelopment and intensification potential. The existing two-storey building does not represent the site's full development potential, with opportunities for additional building height and density, subject to applicable zoning, planning requirements and municipal approvals. Downtown location close to municipal parking and Town Hall, with convenient access to Highway 401 via Regional Road 25. There is an information package on this property, please reach out to Agent for a copy.

Sold data

Homes in Milton (OM Old Milton) — recent sold market

Homes in Milton (OM Old Milton) took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 41, across 394 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.

The median sale price was $899,950.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$899,950
Sale-to-list ratio
97.5%
Sold above asking
13%

Based on 394 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Milton (OM Old Milton)

Milton (OM Old Milton) has 30 Fraser Institute–rated schools (24 elementary and 6 secondary), averaging 6.9/10.

Rated schools
30
Elementary
24
Secondary
6
Average rating
6.9 / 10

Top-rated schools in Milton (OM Old Milton)

  • Dyane-Adam — elementary, MiltonFraser rating 9.4/10
  • Our Lady of Fatima — elementary, MiltonFraser rating 8.5/10
  • Bishop Paul Francis Reding — secondary, MiltonFraser rating 8.2/10
  • Chris Hadfield — elementary, MiltonFraser rating 8.2/10
  • Milton — secondary, MiltonFraser rating 8.0/10
  • St. Benedict — elementary, MiltonFraser rating 7.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 140 MAIN STREET E