$1,399,000

For sale

#15 9033 Derry Road, Milton (CL Clarke) - Single Family for Sale

#15 9033 Derry Road, Milton (CL Clarke), Ontario, L9T7Y9

6 beds5 baths2 parking3,125 ft²$838/mo condo feeListed 30 days ago

Overview

This 6-bedroom, 5-bathroom condo in Milton is for sale offering roughly 3,125 sq ft of space. It has been on the market 30 days, fresher than the Milton average of 42 days.

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Description

Welcome to this exceptional three-storey mixed-use commercial and residential property located on high-traffic Derry Road. Offering outstanding exposure and endless potential, this unique property is ideal for investors, business owners, or those seeking a live-work opportunity. The upper residential space provides comfortable living, while the commercial component benefits from excellent visibility and consistent traffic. A spacious separate 2 finished basement units offer incredible rental potential, additional residential units, storage, or other income-generating possibilities (subject to approvals). Situated in a prime location close to major amenities, transit, and highways, this versatile property presents a rare opportunity to maximize both lifestyle and investment potential. Currently Commercial Unit is leased until April 30, 2032 and there is Lease renewal on April 30, 2027. There is no vacant possession until April 30, 2027 for the commercial unit. (id:66096)

Property Details

MLS®: W13863068
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 5
Half Baths: 1
Parking: 2
Interior Size: 3,125 ft²
Storeys: 3
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Condo Fee: $838/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $8,389.7/yr

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Milton (CL Clarke) listings, avg age

42d

Price / ft²

$448

List price

$1.40M

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 6-bed single family in Milton (CL Clarke) has been listed for 30 days, which is 12 days fresher than the city average of 42. Act while there is still low competition.

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Listed by RE/MAX REALTY SERVICES INC. · PANKAJ SAPRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9T)

This home lists at $1,399,000, about 11.1× the local median household income of $126,000.

Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 117% 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)

$1,399,000· $448/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,900.00

Min 8.21%50%

Mortgage payment$7,119/mo

↳ CMHC premium ($51,364 capitalized)

Property tax (est.)$699/mo

Condo fee$838/mo

Total monthly$8,657

Cash Needed to Close

Down payment (8.21%)$114,900

Land transfer tax$24,455

Est. closing costs$6,697

Total cash needed$146,052

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