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Listed 2 months ago

234 Bell Street

1035 - OM Old Milton, Milton

$1,050,000

Detached|1 Storey/Apt
3 | 1 | 6
About this home

Prime 60' x 140' lot in one of Milton's most sought-after transitioning neighbourhoods. Surrounded by the charm of mature Old Milton and an abundance of newly built custom homes, this property presents an exceptional opportunity for homeowners, builders, and investors alike. Included in the purchase is a complete architectural and construction package for a stunning approximately 3,800 sq. ft. custom residence featuring 4 bedrooms, 6 bathrooms, and a fully finished walk-up basement. Demolition and construction permit applications have already been submitted to the Town of Milton, with all associated permit fees paid by the Seller, providing substantial time and cost savings for the next owner. Whether you choose to proceed with the approved redevelopment plans, build your own custom dream home, or renovate and restore the existing 3-bedroom bungalow, the possibilities are endless. Enjoy the peaceful character of this established neighbourhood while remaining close to every convenience. Located minutes from excellent schools, parks, shopping, restaurants, Milton GO Station, Milton District Hospital, and major highways, this location offers the perfect balance of lifestyle and accessibility. With no sidewalk, the property offers additional driveway parking and enhanced lot usability. Milton continues to be one of the GTA's most vibrant and rapidly growing communities, making this a rare opportunity to secure a premium lot with a significant head start on development.An exceptional property with tremendous potential in a highly desirable location.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 Storey/Apt
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,890
Lot Size60 ft x 139.96 ft
mls© NumberW13428186
Listed ByRE/MAX ESCARPMENT REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,374
Property tax
$324
Heat allowance
$150
Housing costs
$5,849 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $210,000
25-yr amortization

Income needed

$180,000

gross annual household income

Payment at 4%
$4,419 / mo
Cash down
$210,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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