166 Forbes Terrace, Milton

Price: $1,559,000

5 bedrooms, 5 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: W13792182

Welcome to this Heathwood Traditions- Forest Collection, Cloverdale model-an exceptional home backing onto the forest, perfectly designed for family living and effortless entertaining. Located in the highly sought after Scott neighbourhood, this spacious home features: 4+1 bedrooms and 4.5 bathrooms, and has over 3500 square feet of living space. Espresso hardwood flooring throughout the main floor and upper floor, Custom built-in closets in the primary bedroom suite, The Main-floor highlights including a recently finished private home office with scenic forest views and an updated, functional mudroom. A finished basement with an additional bedroom, full bathroom, and a spacious laundry room plus a large rec room. Enjoy this incredible neighbourhood with convenience with a short walk to the Sherwood Community Centre, the public library, and vibrant downtown Milton. Top-rated schools, family parks, and local conservation areas are also just minutes away.

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active
New Listing

$1,559,000 - 166 Forbes Terrace, Milton

Detached for Sale in Milton

New — Listed 5 days ago

Neighbourhood: 1036 - SC Scott

5Beds
5Baths
2,500 - 2,999Sq Ft
Detached

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Property Details
MLS Number
W13792182
Property Type
Detached
Status
active
Days on Site
5
Bedrooms
5
Bathrooms
5
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Milton
Listing Brokerage
REVEL REALTY INC.
Description

Welcome to this Heathwood Traditions- Forest Collection, Cloverdale model-an exceptional home backing onto the forest, perfectly designed for family living and effortless entertaining. Located in the highly sought after Scott neighbourhood, this spacious home features: 4+1 bedrooms and 4.5 bathrooms, and has over 3500 square feet of living space. Espresso hardwood flooring throughout the main floor and upper floor, Custom built-in closets in the primary bedroom suite, The Main-floor highlights including a recently finished private home office with scenic forest views and an updated, functional mudroom. A finished basement with an additional bedroom, full bathroom, and a spacious laundry room plus a large rec room. Enjoy this incredible neighbourhood with convenience with a short walk to the Sherwood Community Centre, the public library, and vibrant downtown Milton. Top-rated schools, family parks, and local conservation areas are also just minutes away.

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Estimated Payment

$6,895.98/mo

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5-yr fixed avg.

Principal: $1,247,200Interest: $821,595
Mortgage Amount$1,247,200
Total Interest$821,595
Est. Property Tax$1,104/mo
Total Cost$2,068,795

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: 1036 - SC Scott

Discover 1036 - SC Scott

1036 - SC Scott 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 1036 - SC Scott

  • 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

1036 - SC Scott 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

166 Forbes Terrace, Milton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,950/mo
Range: $3,358 - $4,543
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$1,104
Insurance (est.)-$325
Net Cash Flow+$2,521

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 $624/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.

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.

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 5 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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    166 Forbes Terrace, Milton | $1,559,000 | Battaglia Team