Overview

This lot in Milton is for sale offering roughly 10,000 sq ft of space. It has been on the market 20 days, fresher than the Milton average of 100 days.

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Description

Strategically located between Milton and Oakville, this rare parcel sits directly across from CN Logistics Hub slated to be operational in the near future. In the heart of one of the Region's most anticipated industrial corridors. Offering excellent frontage along First Line and easy access to major highways, the property is currently zoned agricultural. Currently improved with a barn and a residential dwelling/office, currently owner occupied - providing flexibility for investors and developers alike. A prime opportunity for forward-thinking buyers looking to secure a foothold in a highly sought-after, up-and-coming area in Halton Region. (id:66096)

Property Details

MLS®: W14080960
Property Type: Vacant Land
Zoning: A
Parking: 50
Interior Size: 10,000 ft²
Lot Size: 15 acres
Frontage: 500 ft
Price per Acre: $996,740 per acre
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Garage: Other
Property Tax: $4,428/yr
Listed: 20 days ago

Market Timing

Days on market

20d

Milton (TR Rural Trafalgar) listings, avg age

100d

Price / ft²

$1,590

List price

$15.90M

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.

Haho

This vacant land in Milton (TR Rural Trafalgar) has been listed for 20 days, which is 80 days fresher than the city average of 100. Act while there is still low competition.

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Area context

Neighbourhood profile (L9T)

This home lists at $15,900,000, about 126.2× the local median household income of $126,000.

Carrying it typically needs a household income of about $3,105,827 (20% down, 25-yr amortization, stress-tested) — roughly 2365% 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)

$15,900,000· $1,590/ft²

For sale

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Financing

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5121 FIRST Line, Milton (TR Rural Trafalgar) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L9T)

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