716 Main Street Unit 509, Milton

Price: $475,999

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: W12741846

This bright 1-bedroom + den condo sits in one of Milton's most convenient locations-just steps to the Milton GO, local shops, restaurants, and everyday amenities. You're also a short walk from the Milton Library and FirstOntario Arts Centre, with quick access to Highway 401 only minutes away. Inside, the unit offers a comfortable, low-maintenance layout that's move-in ready. The den adds valuable flexibility, making it ideal for a home office or extra guest space. Whether you're a first-time buyer, downsizer, or investor, this condo checks all the boxes for practical, easy living. Set in a well-managed building known for its efficiency, you can enjoy the perks of a prime location without the premium cost. Come see why this space is a great fit for anyone seeking convenience and value in Milton.

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$475,999 - 716 Main Street Unit 509, Milton

Condo for Sale in Milton

134 days on market
2Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
W12741846
Property Type
Condo
Status
active
Days on Site
134
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Milton
Locker
Owned
Exposure
South West
Balcony
Open
Listing Brokerage
CENTURY 21 MILLER REAL ESTATE LTD.
Description

This bright 1-bedroom + den condo sits in one of Milton's most convenient locations-just steps to the Milton GO, local shops, restaurants, and everyday amenities. You're also a short walk from the Milton Library and FirstOntario Arts Centre, with quick access to Highway 401 only minutes away. Inside, the unit offers a comfortable, low-maintenance layout that's move-in ready. The den adds valuable flexibility, making it ideal for a home office or extra guest space. Whether you're a first-time buyer, downsizer, or investor, this condo checks all the boxes for practical, easy living. Set in a well-managed building known for its efficiency, you can enjoy the perks of a prime location without the premium cost. Come see why this space is a great fit for anyone seeking convenience and value in Milton.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,442.12/mo

Includes CMHC insurance ($13,280)

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5-yr fixed avg.

Principal: $428,399Interest: $290,957
Mortgage Amount$441,679
Total Interest$290,957
Est. Property Tax$337/mo
Total Cost$732,636

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

716 Main Street Unit 509, 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)
3.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$337
Insurance (est.)-$99
Net Cash Flow+$1,374

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 $793/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.

Negotiation Opportunity

At 134 days on site, this property has exceeded the typical selling timeline for Milton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

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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    716 Main Street Unit 509, Milton — $475,999 | Battaglia Team