228 Main Street E, Milton, ON L9T 1N9
Old Milton · L9T 1N9
$149,000
$60 / sq ft1 weeks on market
- Total area
- 2,500 sf
- Age
- 6-15 years
What's special
- Outside/surface garage
- Yes
About this property
Excellent opportunity to acquire an established Wings Up! franchise in the heart of Downtown Milton, operated by the same owner for the past 9 years. This high-performing quick-service restaurant generates average monthly sales of approximately $50,000, representing $600,000 in annual revenue, based on 2024, 2025 and 2026 figures. Estimated annual earnings exceed $85,000 + Approx $35,000 in Tips offering attractive income potential for owner-operators or investors, with a potential payback period of less than 2 years. Ideally situated in the vibrant, historic heart of Downtown Milton, this location offers excellent visibility in a highly walkable neighbourhood with strong community appeal. Surrounded by banks, restaurants, cafés, medical services, places of worship and other established businesses, the area attracts a diverse customer base. Tons of dedicated free parking at rear entrance. Main Street East sees approximately 14,000 vehicles daily, providing outstanding exposure. Conveniently located 4 minutes to Highway 401, 10 minutes to Highway 407 and 3 minutes to Milton GO Station. Nearby educational institutions include Milton District High School (2 minutes), Stirling Montessori Academy (4 minutes), Bishop P.F. Reding Catholic Secondary School (4 minutes) and Conestoga College & Wilfrid Laurier University's Milton Campus (8 minutes). Enjoy exceptionally low rent of $6,562.49/month, including TMI, with no escalations until May 2029 and one 5-year renewal option, subject to lease terms. This fully equipped, turnkey operation features an established customer base and strong brand recognition. Ideal for entrepreneurs seeking an established business or investors expanding their portfolio. Don't miss this opportunity to own a Wings Up! franchise in a prime Downtown Milton location. Financial figures are based on 2024, 2025 and 2026 performance.
Property details
Property
- Property type
- business
- Interior size
- 2,500 sq ft
- Year built
- 6-15
- Zoning
- Commercial
- Possession
- Flexible
Interior
- Heating
- Electric Forced Air
- Cooling
- Yes
Exterior & services
- Garage
- Outside/Surface
- Sewer
- Septic Available
Costs
- List price
- $149,000
- Price per sq ft
- $60
Listing
- MLS® number
- W14107758
- Status
- For sale
- Listed
- October 22, 2026
- Days on market
- 13
- Last updated
- October 24, 2026
- Listing brokerage
- ROYAL LEPAGE CREDIT VALLEY REAL ESTATE
Price & sale history
This property's sale history is hidden
TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.
Unlock sale history & sold priceFree. Takes about twenty seconds.
Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 42% of comparable business for sale listings in Milton are asking less.
- This home
- $60 / sq ft
- Comparable median
- $119 / sq ft
Based on 12 comparable active business for sale listings in Milton. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $782.65
- Estimated monthly
- $783
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $1,215
- Total due on closing
- $1,215
An estimate on the asking price of $149,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of ROYAL LEPAGE CREDIT VALLEY REAL ESTATE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
Unlock nearby sold pricesFree. Takes about twenty seconds.