$1,999,900 - 9414 First Line Nassagaweya N/A, Milton
Commercial for Sale in Milton
- MLS Number
- W13207480
- Property Type
- Commercial
- Status
- active
- Days on Site
- 22
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 83 sqft
- Neighbourhood
- Milton
- Lot Size
- 83 sqft
- Listing Brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
This rare and scenic 83-acre farm property is located just south of Hwy 401 and north of Campbellville on a paved rural road. The raw land offers a compelling blend of open fields and mature forest. It creates an idyllic setting for a private estate, retreat, or the revival of a working homestead farm. Previously, the fields were in crops and where horses once roamed. With vision and care, this former farm property can be brought back to life for crops, livestock uses and is ideal for goats. An 1890 Ashlar stone, 1 1/2 storey farmhouse retains timeless beauty of its original exterior. Last renovated in the 1950's, it presents an exceptional opportunity to restore or incorporate its impressive stone façade into a truly magnificent custom estate home or use as a guest or play house. Also on the property is the distinctive ruins of a grand 1890's stone bank barn. The barn's enduring footprint offers lots of options. Residential and A2 with no farm credit applied, the property includes a very small portion of wet land in the north area regulated by Halton Conservation and Kilbride Creek running through the northwest corner bordering the Pioneer Creek Trail. The land is not within the NEC from their mapping allowing for flexibility for building, land development or returning the fields for cash crop income and has the potential to restore to a working farm or develop a showpiece country estate. The fields are not currently being farmed and will require work. Two lots have been previously severed from the property. Frontage calculated by property width to the North and Southern lot lines based on the existing survey. Paddocks existed in 2022. House is vacant and has not been lived in for several years. The house heating, water and electricity have been turned off. Gated driveway access off a paved rural road. Centrally located near Milton, Campbellville, Highway 6 and the 401.
Estimate your monthly payments for this property
Estimated Payment
$8,846.23/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.
9414 First 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 $24,095/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.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 22-day listing is within normal commercial market exposure.
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.