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Listed 3 months ago

1254 Main Street E

1029 - DE Dempsey, Milton

$1,300,000

Freehold Townhouse|3-Storey
3 | 4 | 2
About this home

An exceptional & RARE opportunity to own a versatile live/work freehold townhome, thoughtfully designed for both lifestyle and income potential. This executive residence sits above a professionally finished main floor commercial space ideal for launching your own business or generating additional rental income. The upper-level residence offers approximately 1,775 sq ft of well-maintained living space, featuring 3 spacious bedrooms, 3 bathrooms, and high-end finishes throughout. A standout feature is the expansive 20 x 18 ft terrace, perfect for entertaining or relaxing. The main floor commercial unit spans approximately 725 sq ft and showcases quality leasehold improvements, including a reception area, private offices, and a 2-piece washroom well-suited for a variety of professional uses. Built by the reputable York Trafalgar Homes, this property is perfectly located just minutes from Highway 401 and close to top-rated schools, shopping, parks, the library, and the arts centre. Additional highlights include two covered parking spaces and a full unfinished basement (approx. 725 sq ft) with tall ceilings, offering incredible potential for future customization. Low POTL fee of $98/month. Residential address: 165 Hampshire Way #16.

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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style3-Storey
Approx. Age6-15
Size2000-2500 sq. ft.
Property Tax$4,061
Lot Size20.01 ft x 68.54 ft
mls© NumberW13072036
Listed ByPROPERTY.CA INC.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$6,654
Property tax
$338
Heat allowance
$150
Housing costs
$7,142 / mo

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

Down payment20% · $260,000
25-yr amortization

Income needed

$220,000

gross annual household income

Payment at 4%
$5,471 / mo
Cash down
$260,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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