140 Main Street East, Milton (OM Old Milton) - Business for Sale
140 Main Street East, Milton (OM Old Milton), Ontario, L9T1N6
This business in Milton is for sale offering roughly 4,254 sq ft of space. It has been on the market 55 days, fresher than the Milton average of 63 days.
Description
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. (id:66096)
Property Details
- MLS®
- W13769136
- Property Type
- Business
- Zoning
- CBD-A
- Bathrooms
- 5
- Parking
- 3
- Interior Size
- 4,254 ft²
- Lot Size
- 4,254 sq ft
- Frontage
- 34 ft
- Heating
- Forced air, Natural gas
- Cooling
- None
- Property Tax
- $14,550.96/yr
- Listed
- 55 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 55 days on market, against an average age of 63 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Milton (OM Old Milton) has been listed for 55 days, which is 8 days fresher than the city average of 63. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L9T)
This home lists at $2,600,000, about 20.6× the local median household income of $126,000.
Carrying it typically needs a household income of about $507,871 (20% down, 25-yr amortization, stress-tested) — roughly 303% above the area median.
- Median household income
- $126,000
- Population
- 110,956
- Median age
- 36.4
- Owner / renter
- 83% / 17%
- Avg. household size
- 3.3
Source: Statistics Canada, 2021 Census (FSA L9T)
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$2,600,000
Milton