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Property Description
Introducing 6890 Main Street West, a prime development opportunity in the rapidly growing town of Milton, Ontario. Situated on a spacious lot measuring approximately 145.70 by 150.04 feet, this property offers immense potential for medium residential development. Currently, the property features a detached 2-storey home with 3 bedrooms and 1 bathroom. Its strategic location in Milton's desirable Scott neighbourhood provides easy access to local amenities, schools, and transportation routes, making it an ideal prospect for developers and investors seeking to capitalize on Milton's growth.This property represents a rare and valuable chance to develop in one of the few remaining prime locations within the area, offering significant potential to contribute to Miltons evolving residential landscape.The buyer is responsible for conducting their own due diligence regarding zoning, development potential, and all other relevant details.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-11-27 | 2024-01-05 | 39 | $3,500 | $3,000 | Leased |
| 2023-05-10 | 2023-10-02 | 145 | $1,695,000 | - | Expired |
| 2022-07-18 | 2022-09-15 | 59 | $2,700 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
146' x 150'
Fronting
South
Taxes
$4,025 (2024)
Basement
Crawl Space
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
Other
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 20.51' x 12.01' | |
| Living | Main | 13.09' x 13.78' | |
| Kitchen | Main | 4.40' x 10.10' | |
| Laundry | Main | 12.11' x 22.60' | |
| Br | 2nd | 10.10' x 18.80' | |
| 2nd Br | 2nd | 7.61' x 12.11' | |
| 3rd Br | 2nd | 8.50' x 12.11' | |
| 4th Br | 2nd | 7.19' x 12.11' |
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Milton Market Statistics
Milton Price Trend
6890 Main St W is a 3-bedroom 1-bathroom home listed for sale at $1,495,000, which is $477,423 (46.9%) higher than the average sold price of $1,017,577 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 3 bedroom home in Milton increased by $116,302 (12.9%) compared to the previous 30 day period (December 20 - January 18) and down $74,650 (6.8%) from the same time one year ago.Inventory Change
There were 53 3-bedroom homes listed in Milton over the last 30 days (January 19 - February 17), which is up 43.2% compared with the previous 30 day period (December 20 - January 18) and up 152.4% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Milton typically sold ($20,280) (2.0%) below asking price over the last 30 days (January 19 - February 17), which represents a $4,754 increase compared to the previous 30 day period (December 20 - January 18) and $11,541 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 3-bedroom homes in Milton over the last 30 days (January 19 - February 17) stood at 45.3%, down from 143.2% over the previous 30 days (December 20 - January 18) and down from 104.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Milton stood at 16 days when successfully sold over the last 30 days (January 19 - February 17), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with The Behar Group Realty Inc.
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