101 Nipissing Road Unit 507A, Milton

Price: $650,000

2 bedrooms, 2 bathrooms

600 sqft

Property Type: Condo

MLS#: W13171630

Assignment Sale - Assignment Sale - Luxury 2 Bed, 2 Bath at The Millhouse Condos, Milton! Beautifully finished suite offers 9-ft smooth ceilings, panoramic windows, luxury vinyl plank flooring, and a contemporary kitchen with extra-height soft-close cabinets, quartz countertops, subway tile backsplash, stainless steel appliances, and under-cabinet lighting, plus 1 parking and 1 locker. Enjoy resort-style living with a hotel-inspired lobby and 24-hour concierge, co-working spaces, party and dining rooms, fitness and yoga studios, games lounge, outdoor pool with sun deck, BBQ and dining areas, guest suite, pet wash, and smart AI-enabled community features with keyless entry and advanced security. Perfectly located steps to Milton GO Station and Milton Mall, with quick access to Hwy 401/407 and minutes to Toronto Premium Outlets-an exceptional opportunity for luxury living or investment.

101 Nipissing Road Unit 507A - Condo photo 1 of 1 in Milton, Ontario
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$650,000 - 101 Nipissing Road Unit 507A, Milton

Condo for Sale in Milton

New — Listed 3 days ago

Neighbourhood: 1037 - TM Timberlea

2Beds
2Baths
600Sq Ft
Condo
Property Details
MLS Number
W13171630
Property Type
Condo
Status
active
Days on Site
3
Bedrooms
2
Bathrooms
2
Square Feet
600 sqft
Neighbourhood
Milton
Locker
Owned
Exposure
West
Balcony
Enclosed
Listing Brokerage
CITYSCAPE REAL ESTATE LTD.
Description

Assignment Sale - Assignment Sale - Luxury 2 Bed, 2 Bath at The Millhouse Condos, Milton! Beautifully finished suite offers 9-ft smooth ceilings, panoramic windows, luxury vinyl plank flooring, and a contemporary kitchen with extra-height soft-close cabinets, quartz countertops, subway tile backsplash, stainless steel appliances, and under-cabinet lighting, plus 1 parking and 1 locker. Enjoy resort-style living with a hotel-inspired lobby and 24-hour concierge, co-working spaces, party and dining rooms, fitness and yoga studios, games lounge, outdoor pool with sun deck, BBQ and dining areas, guest suite, pet wash, and smart AI-enabled community features with keyless entry and advanced security. Perfectly located steps to Milton GO Station and Milton Mall, with quick access to Hwy 401/407 and minutes to Toronto Premium Outlets-an exceptional opportunity for luxury living or investment.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,334.84/mo

Includes CMHC insurance ($18,135)

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5%10%50%

5-yr fixed avg.

Principal: $585,000Interest: $397,316
Mortgage Amount$603,135
Total Interest$397,316
Est. Property Tax$460/mo
Total Cost$1,000,451

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 1037 - TM Timberlea

Discover 1037 - TM Timberlea

1037 - TM Timberlea is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 1037 - TM Timberlea

  • Convenient location in Milton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Craig Kielburger Secondary SchoolPublic High School
Milton District High SchoolPublic High School
Bishop Reding Catholic Secondary SchoolCatholic High School
Jean Vanier Catholic Secondary SchoolCatholic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

1037 - TM Timberlea offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

101 Nipissing Road Unit 507A, Milton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$460
Insurance (est.)-$135
Net Cash Flow+$1,215

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $1083/sqft, this property is priced in line with current Milton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Just Listed - Act Strategically

This property hit the market within the last week. In Milton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Milton Lifestyle

Milton offers a balance of urban convenience and suburban tranquility. Growing families appreciate the newer schools and community feel. The GO Train provides reasonable Toronto access. Home values have appreciated steadily as families seek alternatives to Toronto's density and pricing.

About 1037 - TM Timberlea

I know 1037 - TM Timberlea well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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