7196 McNiven Road, Milton

Price: $3,500,000

3 bedrooms, 3 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: W13119698

Enjoy the perfect blend of business and residential living on one exceptional property, complete with 8,000 sq. ft. of indoor storage and surrounding outdoor storage permitted under NEC guidelines. An electronic gated entry welcomes you to a picturesque 9.8-acre setting featuring a flowing stream, mature trees, and outstanding privacy. This beautifully renovated approx. 3,000 sq. ft. bungalow offers a thoughtfully designed layout with a stunning kitchen open to the family and dining areas, a separate den ideal for relaxing or entertaining, and a spacious primary bedroom showcasing vaulted ceilings, walk-out to the backyard, and a luxurious ensuite with dual access. The fully finished lower level provides two generous recreation rooms, both with fireplaces, along with a large office and craft room. Extensive renovations include a stone and Fraser wood exterior, as well as expansive Trex decking. Outdoor living is enhanced by a covered porch with a gas fireplace and a large in-ground pool-perfect for hosting family and friends. For those seeking exceptional workspace or storage capabilities, the property includes a 2,100 sq. ft. heated shop and a 6,000 sq. ft. barn with an additional 1,800 sq. ft. of heated space. Storage facilities are a permitted use under NEC for the shop, barn, and surrounding yard, and this designation is transferable with the property. An exceptional and versatile offering providing privacy, space, and endless possibilities. Let's get you Home!

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$3,500,000 - 7196 McNiven Road, Milton

Detached for Sale in Milton

32 days on market
3Beds
3Baths
3,000 - 3,499Sq Ft
Detached
Property Details
MLS Number
W13119698
Property Type
Detached
Status
active
Days on Site
32
Bedrooms
3
Bathrooms
3
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Milton
Lot Size
10 sqft
Listing Brokerage
RE/MAX ESCARPMENT REALTY INC.
Description

Enjoy the perfect blend of business and residential living on one exceptional property, complete with 8,000 sq. ft. of indoor storage and surrounding outdoor storage permitted under NEC guidelines. An electronic gated entry welcomes you to a picturesque 9.8-acre setting featuring a flowing stream, mature trees, and outstanding privacy. This beautifully renovated approx. 3,000 sq. ft. bungalow offers a thoughtfully designed layout with a stunning kitchen open to the family and dining areas, a separate den ideal for relaxing or entertaining, and a spacious primary bedroom showcasing vaulted ceilings, walk-out to the backyard, and a luxurious ensuite with dual access. The fully finished lower level provides two generous recreation rooms, both with fireplaces, along with a large office and craft room. Extensive renovations include a stone and Fraser wood exterior, as well as expansive Trex decking. Outdoor living is enhanced by a covered porch with a gas fireplace and a large in-ground pool-perfect for hosting family and friends. For those seeking exceptional workspace or storage capabilities, the property includes a 2,100 sq. ft. heated shop and a 6,000 sq. ft. barn with an additional 1,800 sq. ft. of heated space. Storage facilities are a permitted use under NEC for the shop, barn, and surrounding yard, and this designation is transferable with the property. An exceptional and versatile offering providing privacy, space, and endless possibilities. Let's get you Home!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$15,481.68/mo

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5-yr fixed avg.

Principal: $2,800,000Interest: $1,844,504
Mortgage Amount$2,800,000
Total Interest$1,844,504
Est. Property Tax$2,479/mo
Total Cost$4,644,504

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

7196 McNiven Road, Milton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,400/mo
Range: $2,890 - $3,910
Cap Rate (ROI)
0.1%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,400
Maintenance Fees-$0
Property Tax (est.)-$2,479
Insurance (est.)-$729
Net Cash Flow+$192

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

Premium Pricing

At $1167/sqft, this property is priced above the Milton average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 32 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.

Larger Home Realities

At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Bathroom Count Matters

With 3 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.

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    7196 McNiven Road, Milton — $3,500,000 | Battaglia Team