No photos available
Investment signal

$914,900

20 MILL Street E

Beds

4

Baths

3

Sqft

Year

1890

About this home

Opportunities like this are quietly rare. A fully converted 1800s red brick church in the heart of Milverton, reimagined in 2024 into a thoughtfully designed legal triplex, where soaring cathedral ceilings, original stained glass windows, and exposed timber beams now frame modern everyday living. The numbers are straightforward. Three self-contained units, three sets of in-suite laundry, three kitchens. Unit 1 offers 1 bedroom + loft with 3 additional rooms and 1 bathroom across 1,118 sq ft, loft-style. Unit 2 mirrors that with 1 bedroom + loft with 3 additional rooms, 1 bathroom, and 1,044 sq ft, also with a loft. Unit 3 provides 2 bedrooms, 1 bathroom, and a generous 1,312 sq ft on the lower level. Each unit flows naturally between kitchen, dining, and living, spaces that feel easy to come home to. What the numbers don’t capture is the character. There are very few properties in Ontario where a tenant wakes up beneath a vaulted ceiling, morning light filtering through a century-old stained glass window. That kind of living experience holds attention, and holds tenants. Whether you’re building a portfolio, house-hacking, or simply recognizing that heritage properties of this quality rarely reach the open market, this one deserves a serious look. Reach out today for the full investment package, rental income, floor plans, and everything you need to make a confident decision. Properties like this don’t wait. (id:65958)

Subtype
Multi-family
Lot size
0.21 acres
MLS#
40820562
Area
MILVERTON
Negative cash flow ~$1,787/mo at these assumptions

Cash on cash

-11.72%

Cap rate

3.55%

GRM

16.7

Break-even rent

$6,456

Financing

Down payment$182,980
Loan amount$731,920
Mortgage$4,490/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$419
Insurance$80
Maintenance$762
CapEx reserve$381
Vacancy loss$229

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,490/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.

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