$1,160,000 - 55 Commercial Street, Milton
Multi-Family for Sale in Milton
- MLS Number
- W12417848
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 30
- Bedrooms
- 8
- Bathrooms
- 3
- Square Feet
- 2,000 sqft
- Neighbourhood
- Milton
- Listing Brokerage
- EASY LIST REALTY LTD.
For more info on this property, please click the Brochure button. Legal Triplex conveniently located within steps of downtown Milton! Nearby restaurants, shops, etc. Perfect location to live and receive potential income. Two 3-bedroom units above grade and one lower level 2-bedroom unit plus coin-operated laundry. Units A and C are currently leased. Unit B is vacant. Unit B and C are newly renovated with new windows, kitchen, bathroom, appliances etc. Many upgrades to the building including new electrical panel (2024), new coin operated washer and dryer (2025), sump pump and backflow system (2024), new shed and patio stones (2025), exterior railings and balcony (2021 & 2022) any many more! 24 hour notice is required to view the occupied units.
Estimate your monthly payments for this property
Estimated Payment
$5,131.07/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.
55 Commercial Street, Milton
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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
Competitive Pricing
At $580/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 30 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Milton.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.