Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$2,800,000
Available - For Sale
Listing ID: W13769136
140 Main Street East , Milton, L9T 1N6, Halton
| 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. |
| Price | $2,800,000 |
| Taxes: | $14550.96 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 140 Main Street East , Milton, L9T 1N6, Halton |
| Postal Code: | L9T 1N6 |
| Province/State: | Halton |
| Legal Description: | PT LT 14, CON 2 TRAFALFAR NEW SURVEY, AS |
| Directions/Cross Streets: | Main St West from Martin, East from Bronte |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 4254.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | % |
| Area Influences: | Recreation/Comm |
| Sprinklers: | No |
| Washrooms: | 5 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE MEADOWTOWNE REALTY |
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Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Halton |
| Municipality: | Milton |
| Neighbourhood: | 1035 - OM Old Milton |
| Tax: | $14,550.96 |
| Baths: | 5 |
| Fireplace: | N |
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