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ROOMSW9768792
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Property Description
This rare mixed-use townhome in Milton's Thompson Square offers a unique blend of commercial and residential space. Conveniently located near transit and shopping, it's within a short distance of the Milton GO Station and the new Wilfrid Laurier University Milton Campus. The ground floor features a 1,268 square foot commercial/retail space, currently leased to a wellness clinic, generating approximately $4,097 in monthly rental income. The upper two floors comprise a 2,993 square foot residential area with three en-suite bedrooms, four bathrooms, and high-quality finishes. The finished basement, permitted by the city, adds three more bedrooms and a kitchen.For privacy and structural integrity, the basement, commercial space, and living areas are separated by concrete, and there are two separate utility meters. The residential space boasts 9-foot ceilings, hardwood floors, a circular staircase with a dome skylight, a gourmet kitchen, a master bedroom with a walk-in closet and private terrace, and spacious living and dining areas with bay windows and a walkout terrace.Thompson Square is a prestigious development, and this unit is one of only four designated as a "Trump" unit, offering nearly 1,000 square feet more than the next largest unit. The upper residential unit can be rented out or occupied by the owner, providing flexibility and additional income potential. This property offers a fantastic investment opportunity, combining business ownership, luxurious living, and steady commercial income.
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Extras
Fridge, Stove, Dishwasher, Washer & Dryer, All Window Blinds, All Electric Light. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.
Nearby Intersections
Derry & Thompson (77)
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Property Details
Street
Community
City
Property Type
Condo Townhouse, 3-Storey
Approximate Sq.Ft.
4250-4499
Taxes
$9,956 (2024)
Basement
Finished
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
Built-In
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Family | 2nd | 39.37' x 59.06' | Bay Window |
Dining | 2nd | 32.81' x 59.06' | |
Living | 2nd | 59.06' x 59.06' | W/O To Terrace, W/I Closet |
Br | 3rd | 49.21' x 45.93' | W/O To Terrace, W/I Closet, Ensuite Bath |
2nd Br | 3rd | 39.37' x 59.06' | Bay Window, W/I Closet, Ensuite Bath |
3rd Br | 3rd | 39.37' x 42.65' | Closet, Balcony, Ensuite Bath |
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Milton Market Statistics
Milton Price Trend
9071 Derry Rd 23 is a 3-bedroom 5-bathroom townhome listed for sale at $2,200,000, which is $1,353,803 (160.0%) higher than the average sold price of $846,197 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom townhome in Milton declined by $39,315 (4.4%) compared to the previous 30 day period (September 27 - October 26) and down $32,754 (3.7%) from the same time one year ago.Inventory Change
There were 62 3-bedroom townhomes listed in Milton over the last 30 days (October 27 - November 25), which is up 34.8% compared with the previous 30 day period (September 27 - October 26) and up 40.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Milton typically sold ($1,040) (0.1%) below asking price over the last 30 days (October 27 - November 25), which represents a $3,127 increase compared to the previous 30 day period (September 27 - October 26) and ($6,105) more 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 townhomes in Milton over the last 30 days (October 27 - November 25) stood at 54.8%, down from 87.0% over the previous 30 days (September 27 - October 26) and down from 70.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom townhome in Milton stood at 18 days when successfully sold over the last 30 days (October 27 - November 25), compared to 38 days before being removed from the market upon being suspended or terminated.Listing contracted with Real One Realty Inc.
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