$2,990,000 - 13489 Fourth Line Nassagaweya N/A, Milton
Commercial for Sale in Milton
New — Listed yesterday- MLS Number
- W13443306
- Property Type
- Commercial
- Status
- active
- Days on Site
- 1
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 98 sqft
- Neighbourhood
- Milton
- Lot Size
- 98 sqft
- Listing Brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
This 98 acres farmstead offers a rare combination of productive farmland, natural beauty and recreational opportunities. 30 +/- acres workable farmland, complemented by 66 acres of managed forest complete with private trails, a flowing creek, pond, remarkable natural caves. With two road frontage accesses on a paved road, the property offers flexibility for farming operations, recreational use, or multi-generational living. Ideal for horses, cattle, hobby farming, or outdoor enthusiasts seeking a private country retreat. The property includes a bank barn, chicken coop, and additional space for livestock, equipment, hobbies, or storage. Enjoy scenic trailways throughout the property, perfect for walking, horseback riding, ATV use, or exploring the peaceful countryside setting. 2,800 SF farmhouse offers an addition to the existing 1880 Farmhouse, which features a bright living room with cathedral ceiling and large windows overlooking the property. The spacious dining room is ideal for entertaining, while the updated kitchen includes a wet bar and ample cupboard space. Two staircases provide convenient access throughout the home and add to its character and functionality. Generous-sized bedrooms offer comfortable living space, including a loft-style primary bedroom with peaceful countryside views. Updated bathrooms on both the main and second floors add modern convenience. Additional bedroom, office, and walk out basement provide flexibility for growing families or working from home. The unfinished walk-out basement offers excellent potential for future living space or customization. Relax on the back deck while taking in panoramic views of the surrounding landscape. Conveniently located approximately 5 minutes to Rockwood, 10 minutes to Acton, 18 minutes to Highway 401, and 20 minutes to Guelph. Property is being sold in "as-is, where-is" condition. OFA farmed and HST maybe in addition to the purchase price.
Estimate your monthly payments for this property
Estimated Payment
$13,225.78/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Milton
Milton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Milton
- •Convenient location in Milton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Milton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
13489 Fourth Line Nassagaweya N/A, Milton
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $30,510/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Milton transactions.