1340 Main Street Unit 202, Milton

Price: $599,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W13013166

Bright and spacious 2-bedroom, 2-bathroom corner condo offering over 1,000 square feet of stylish and comfortable living space in the highly desirable Dempsey neighbourhood of Milton. Impeccably maintained and finished with laminate flooring throughout, this sun-filled unit features large windows that flood every room with natural light. The open-concept living and dining area flows seamlessly into a generous kitchen complete with stainless steel appliances, ceramic backsplash, ample counter space, and a walkout to a private balcony-ideal for enjoying your morning coffee or relaxing in the evening. Both bedrooms are generously sized, with the primary suite featuring a 4-piece ensuite for added comfort and privacy. Additional highlights include one underground parking space, one exclusive surface parking spot, and a locker for extra storage. Conveniently located just minutes from Highway 401, shopping plazas, schools, cinemas, Walking Trails, and parks, this exceptional condo offers the perfect blend of comfort, convenience, and lifestyle.

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$599,000 - 1340 Main Street Unit 202, Milton

Condo for Sale in Milton

2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W13013166
Property Type
Condo
Status
active
Days on Site
15
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Milton
Locker
Exclusive
Exposure
South
Balcony
Open
Listing Brokerage
RE/MAX GOLD REALTY INC.
Description

Bright and spacious 2-bedroom, 2-bathroom corner condo offering over 1,000 square feet of stylish and comfortable living space in the highly desirable Dempsey neighbourhood of Milton. Impeccably maintained and finished with laminate flooring throughout, this sun-filled unit features large windows that flood every room with natural light. The open-concept living and dining area flows seamlessly into a generous kitchen complete with stainless steel appliances, ceramic backsplash, ample counter space, and a walkout to a private balcony-ideal for enjoying your morning coffee or relaxing in the evening. Both bedrooms are generously sized, with the primary suite featuring a 4-piece ensuite for added comfort and privacy. Additional highlights include one underground parking space, one exclusive surface parking spot, and a locker for extra storage. Conveniently located just minutes from Highway 401, shopping plazas, schools, cinemas, Walking Trails, and parks, this exceptional condo offers the perfect blend of comfort, convenience, and lifestyle.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,073.18/mo

Includes CMHC insurance ($16,712)

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5-yr fixed avg.

Principal: $539,100Interest: $366,142
Mortgage Amount$555,812
Total Interest$366,142
Est. Property Tax$424/mo
Total Cost$921,954

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: Milton

Discover Milton

Milton 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 Milton

  • 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

Milton 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

1340 Main Street Unit 202, Milton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$424
Insurance (est.)-$125
Net Cash Flow+$1,161

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

Competitive Pricing

At $599/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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.

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.

Investment Perspective

Looking at this as an investment: Milton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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