$4,998,000 - 5189 Eighth Line, Milton
Detached for Sale in Milton
65 days on market- MLS Number
- W12292263
- Property Type
- Detached
- Status
- active
- Days on Site
- 65
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Milton
- Lot Size
- 9 sqft
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Strategic buy: 10-acre hobby farm, spacious, lofted bungalow+fully finished walkout lower level. Completely renovated, immaculate move-in ready home. I have a dream: 2 acres of professionally designed, ever-blooming gardens, w/sculptures, blooms welcoming guests through a stunning entryway; Of room to roam, space 4 family, hobbies, organic vegetables, animals & trophy collections; A home that is quiet, completely private, filled w/birdsong, flower aroma & gentle breezes swooshing through the windows; Of hosting family weddings w/500 guests, parking for 100 cars-every- memory unfolding under open skies; Of running my business from home with no more long commutes Of beating the heat in a 39' x 22' inground pool w/waterfalls, oversized stone deck, surrounded by perennials; Of a main-floor bdrms: no more stairs; Of a home ready to move in. Just pure enjoyment from Day One Of living in the Greater Toronto Area, just minutes to shopping, arenas, community centre, doctors, highways transit. The border of Mississauga, ideally. That one day, when the kids grow up, I'll sell this paradise for umpteen million $ & never have to work again. 5189 8th Line: PARADISE FOUND: 10 acres fully renovated, high-quality construction. Spacious bungalow w/loft. Practical main-floor living layout. 2 acres of lush, professional landscaping. 40'x32' barn w/2 10' double doors. Parking for 100+ vehicles. Resort-style pool w/waterfalls, oversized stone deck. Zoned Future Strategic Employment Lands. Massive upside potential! Enjoy serenity today. Build equity 4 tomorrow. Live your dream 5189 8th Line where lifestyle meets legacy. PERMITTED USES: A1*Agricultural operation *Agricultural Rural *Boarding kennel *Cannabis Production *Processing Facility *Cottage Industry *Detached dwelling *Equestrian center *Forestry use *Home industry *Home occupation *Horticultural nursery *Shared Housing *Short-Term Rental *Storage Building for Agricultural Equipment/Produce *Veterinary Clinic *Veterinary Hospital.
Estimate your monthly payments for this property
Estimated Payment
$22,107.84/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.
5189 Eighth Line, Milton
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 25+ years of GTA real estate experience
Premium Pricing
At $3332/sqft, this property is priced above the Milton average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 65 days on site, this property has exceeded the typical selling timeline for Milton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Milton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Milton. Good resale value as demand remains consistent.
Milton Lifestyle
Milton offers a balance of urban convenience and suburban tranquility. Growing families appreciate the newer schools and community feel. The GO Train provides reasonable Toronto access. Home values have appreciated steadily as families seek alternatives to Toronto's density and pricing.
Investment Perspective
Looking at this as an investment: Milton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $20,825 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.