$4,999,000 - 5189 Eighth Line, Milton
Commercial for Sale in Milton
New — Listed 4 days ago- MLS Number
- W13220696
- Property Type
- Commercial
- Status
- active
- Days on Site
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,800 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
$22,112.26/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
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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 $1,785/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.