497 Downes Jackson Heights, Milton

Price: $1,025,000

5 bedrooms, 4 bathrooms

1,500 sq ft

Property Type: Semi-Detached

MLS#: W12617382

A dream location! This semi is close to all amenities, schools, public transit, the national cyclingcentre and future home of the Wilfred Laurier Campus. There is an immense amount of opportunity forall ages within this unique area of Milton. The large foyer is the perfect place to welcome yourguests. Pre-Engineered oak flooring throughout the entire main floor, quartz countertops in thekitchen with a stainless steel appliances and a walkout to the back patio and fully fenced yard.Entertainment is made easy with the open concept dining room and living room. Second level boasts afamily room can be converted in 4th Bedroom, large windows allowing lots of natural light and enoughspace to get away and relax. Three spacious bedrooms with plenty of closet space and a primarybedroom with a 4pc ensuite. 2 bedroom in the finished basement with a full size and 3pc washroom.Separate entrance permit available which is approved by the city.

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$1,025,000 - 497 Downes Jackson Heights, Milton

Semi-Detached for Sale in Milton

31 days on market
5Beds
4Baths
1,500Sq Ft
Semi-Detached
Property Details
MLS Number
W12617382
Property Type
Semi-Detached
Status
active
Days on Site
31
Bedrooms
5
Bathrooms
4
Square Feet
1,500 sqft
Neighbourhood
Milton
Lot Size
2,454 sqft
Listing Brokerage
ROYAL LEPAGE CERTIFIED REALTY
Description

A dream location! This semi is close to all amenities, schools, public transit, the national cyclingcentre and future home of the Wilfred Laurier Campus. There is an immense amount of opportunity forall ages within this unique area of Milton. The large foyer is the perfect place to welcome yourguests. Pre-Engineered oak flooring throughout the entire main floor, quartz countertops in thekitchen with a stainless steel appliances and a walkout to the back patio and fully fenced yard.Entertainment is made easy with the open concept dining room and living room. Second level boasts afamily room can be converted in 4th Bedroom, large windows allowing lots of natural light and enoughspace to get away and relax. Three spacious bedrooms with plenty of closet space and a primarybedroom with a 4pc ensuite. 2 bedroom in the finished basement with a full size and 3pc washroom.Separate entrance permit available which is approved by the city.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,533.92/mo

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5-yr fixed avg.

Principal: $820,000Interest: $540,176
Mortgage Amount$820,000
Total Interest$540,176
Est. Property Tax$726/mo
Total Cost$1,360,176

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

497 Downes Jackson Heights, Milton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$726
Insurance (est.)-$214
Net Cash Flow+$2,660

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $683/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 31 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.

Detached Home Advantages

Detached homes in Milton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Milton.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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.

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