Homula Realty Brokerage
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50 Steeles Avenue E 8, Milton, ON L9T 4W9

Commercial Retail
$779,000

Excellent opportunity to own a well-maintained industrial unit in the highly sought-after 401 Business Park. Currently leased for $3,800/month, offering immediate rental income. The unit features a professionally finished front office/showroom and clean, functional space suitable for a variety of light industrial, warehousing, office, and quasi-retail uses. Prominent exposure on Steeles Avenue East with excellent access to Hwy 401, major routes, and public transit. Ample visitor parking plus two dedicated spaces. A versatile investment or owner-occupier opportunity in one of Milton's growing commercial hubs.

MLS number
W13753342
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L9T 4W9
Photos
26
Property tax
$5,500 / year
5days · 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

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Orchard Elementary SchoolElementary59 mNot reported
Martin Street Public School
Halton DSB
Elementary777 m7.6 / 10
76% met the standard
W I Dick Middle School
Halton DSB
Elementary864 m7.8 / 10
78% met the standard · 3 of 6 measures
Holy Rosary (Milton) Catholic Elementary School
Halton CDSB
Elementary976 m6.9 / 10
69% met the standard
Stirling Montessori Academy IncElementary1.3 kmNot reported
Tarbiyah Elementary SchoolElementary1.5 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,457 people.

$105,000Median household income
67.7%Own their home
78.8%Detached houses
34Median age
26.3%Born outside Canada
17.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35240724 — the few blocks around this address, home to 1,457 people. It describes the area, not this property.

1,457Population
37Average age
2.7Household size
$176,000Average household income
$105,000Median household income
68%Own their home
32%Rent
0%Condominiums
26%Born outside Canada
17%University degree
$1,580,000Average home value
9%Low income
52%Not in the labour force
70%Never married
Under $5,0002%
$20,000 to $24,9992%
$25,000 to $29,9992%
$30,000 to $34,9994%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9992%
$100,000 and over33%
$100,000 to $124,9994%
$125,000 to $149,9998%
$150,000 to $199,9998%
$200,000 and over13%

Percentages are of the 260 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

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

$155,800 · minimum here is $52,900
$3,449.24per month
Borrowed before insurance$623,200
Total borrowed$623,200
Interest over 25 years at 4.5%$411,573

If you rented it out

-$3,907.58per month out of pocket
Rent$0.00
Everything it costs to hold$3,907.58
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 RE/MAX SPECIALISTS TEAM SUKHVINDER. Listing data provided by the Toronto Regional Real Estate Board.