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Listed 10 days ago

152 Commercial Street

1035 - OM Old Milton, Milton

$745,900

Detached|2-Storey
3 | 1 | 6
About this home

LAND, LOCATION & POSSIBILITIES. Set in established Old Milton on an approximately 50' x 132' deep lot, 152 Commercial Street offers a rare chance to secure a substantial property in a connected, character-filled neighbourhood close to Downtown Milton. With R3 zoning and plenty of potential for its next chapter. The existing 1938 detached home offers approximately 1,125 sq. ft. above grade, 3 bedrooms, 1 bathroom, municipal water and sewer, natural gas forced-air heating and private parking for up to 6 vehicles. Renovate and reimagine the existing home, hold for the future, or investigate infill and redevelopment possibilities. The location is a standout: close to Downtown Milton and Main Street shops and restaurants, Mill Pond, Milton Fairgrounds, recreation, schools, shopping, transit and Milton GO, with convenient access to major commuter routes. The property is not heritage designated, although it appears on the Town of Milton's list of significant properties. Conservation Halton mapping supplied with the listing shows the property outside the mapped floodplain hazard. A unique opportunity to secure a substantial piece of Old Milton and create something special.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,885
Lot Size50 ft x 132 ft
mls© NumberW13703380
Listed ByRE/MAX ESCARPMENT REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,818
Property tax
$324
Heat allowance
$150
Housing costs
$4,292 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $149,180
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,139 / mo
Cash down
$149,180

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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