158 Mill Street, Milton, ON L9T 1S2
$1,295,000
$1,295,000

158 Mill Street

1035 - OM Old Milton, Milton, Halton $1,295,000

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3 Baths
Outside/Surface Garage
Parking for 4
Zoning: CBD-A
MLS®#:
W12550540
Property Type:
Investment
Property Style:
Area:
Halton
Community:
1035 - OM Old Milton
Taxes:
$8,752.04 / 2025
Added:
November 17 2025
Lot Frontage:
27.55
Lot Depth:
132.39
Status:
Active
Outside:
Year Built:
Brokerage:
LEE & ASSOCIATES COMMERCIAL REAL ESTATE INC.
Lot :

132

27

Intersection:
Martin St. / Main St.
Rooms:
Bedrooms:
Bathrooms:
3
Fireplace:
Utilities
Water:
Municipal
Cooling:
Yes
Heating Type:
Gas Forced Air Closed
Heating Fuel:

Listing Details

Excellent opportunity to own a fully leased mixed-use building just one block north of Main and Martin Street in Milton's Downtown Core. This well-maintained property features a new roof (2025), and newly updated interior and exterior, strong curb appeal, and functionality for both commercial and residential uses. The main floor offers approximately 1,200 sq. ft. of versatile retail space with a full basement ideal for retail, restaurant, personal service, or professional office uses. Currently tenanted by a Dog Grooming Salon. The upper level features two self-contained 600 sq. ft. one-bedroom residential apartments, each with separate utilities, providing stable rental income. All units are separately metered and equipped with individual furnaces and electrical panels, ensuring easy management and efficiency. Strong rental income providing a 5% + cap rate.

Existing Furnaces, Air Conditioners, and Water Heaters

Insights

  1. Mixed-Use Potential: This property offers a versatile layout with both commercial and residential spaces, making it ideal for diverse investment opportunities. The main floor retail space is currently leased to a dog grooming salon, providing immediate income.
  2. Strong Rental Income: With two self-contained one-bedroom apartments on the upper level, each with separate utilities, the property generates stable rental income, contributing to a cap rate of over 5%.
  3. Recent Upgrades: The property features a new roof (2025) and updated interiors and exteriors, ensuring low maintenance costs and enhancing curb appeal, which is attractive for both tenants and future buyers.

Neighborhood Overview

Complete neighborhood profile for 158 Mill Street

1035 - OM Old Milton home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 1035 - OM Old Milton
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)