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Property Description
Prime Development Opportunity on Milton's Busy Main Street W Corridor! This 0.77-acre site, zoned (FD) Future Development, offers significant potential for redevelopment in a highly sought-after location. Currently, the property features a single-family dwelling on the West side, creating the option to sever the lot into three separate building parcels. Alternatively, the entire site also has the potential to be utilized for a multi-residential development, maximizing its potential. The property is serviced with municipal water, and sanitary services are available at the lot line. This is a rare opportunity to invest in a versatile property in a thriving community.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-19 | 2024-10-09 | 112 | $2,600,000 | - | Terminated |
Property Features
Library, Park, Public Transit, School, Skiing
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
220' x 151'
Fronting
South
Taxes
$6,181 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
9
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 14.76' x 18.04' |
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Milton Market Statistics
Milton Price Trend
6830 Main St W is a 4-bedroom 2-bathroom home listed for sale at $2,600,000, which is $1,322,819 (103.6%) higher than the average sold price of $1,277,181 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Milton declined by $657 (0.1%) compared to the previous 30 day period (December 22 - January 20) and down $52,309 (3.9%) from the same time one year ago.Inventory Change
There were 83 4-bedroom homes listed in Milton over the last 30 days (January 21 - February 19), which is up 80.4% compared with the previous 30 day period (December 22 - January 20) and up 18.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Milton typically sold ($29,321) (2.3%) below asking price over the last 30 days (January 21 - February 19), which represents a $20,726 increase compared to the previous 30 day period (December 22 - January 20) and ($1,418) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Milton over the last 30 days (January 21 - February 19) stood at 26.5%, down from 67.4% over the previous 30 days (December 22 - January 20) and down from 72.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Milton stood at 39 days when successfully sold over the last 30 days (January 21 - February 19), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Lee & Associates Commercial Real Estate Inc.
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