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5327 Eighth Line, Milton, ON L0P 1E0

3 beds · 1 bath · 1 kitchen · 7 rooms · 80 parking spaces · 1500-2000 sq ft · Rural Residential
$5,999,000
Property tax
$2,046 / year

Prime 15 Acre Parcel Ideally Located Between Milton And Mississauga Offering Exceptional Long-Term Potential. Currently Zoned A1, This Property Falls Within The Town Of Milton's Urban Area And Is Identified As Future Employment Area In The Town's Planning Documents (Schedule 2: Growth Phases And Planning Policy Areas). A Rare Opportunity For Investors, End Users, Or Land Bank Buyers Looking To Secure A Strategic Parcel In A Rapidly Expanding Corridor.The Property Features A Well-Maintained 1 Storey Bungalow Built On A Slab Foundation, Offering Over 1,900 Sq Ft Of Living Space With 3 Bedrooms And A Functional Layout. A Greenhouse Is Also Located On The Property, Providing Added Utility For Agricultural Use Or Hobby Farming.The Land Is Generally Flat And Open, Providing Flexible Outdoor Space For Uses Permitted Under Current Zoning While Offering Long-Term Potential.Conveniently Located With Easy Access To Major Highways, Surrounding Employment Lands, And Ongoing Development In The Area.

MLS number
W13559132
Type
Rural Residential
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
L0P 1E0
Photos
17
61days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,199,800 · minimum here is $1,199,800
$26,562.27per month
Borrowed before insurance$4,799,200
Total borrowed$4,799,200
Interest over 25 years at 4.5%$3,169,482

If you rented it out

-$26,732.77per month out of pocket
Rent$0.00
Everything it costs to hold$26,732.77
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Royal LePage Real Estate Associates. Listing data provided by the Toronto Regional Real Estate Board.