950 Drew Centre Unit 1601, Milton

Price: $694,900

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: W13566824

Located At Thompson Road South and Drew Centre, Thompson Towers Will Offer Seamless Access to an Unparallel Transit System and a Host of Exclusive Amenities at The Thompson Club. With Its Eye-Catching Architecture and Meticulously Landscaped Surroundings, Thompson Towers is Ushering in a New Era for Urban Life. Experience Milton Like Never Before. Now is Your Chance to Own This Beautiful, Brand New 1 Bed + Den Unit @ The Tallest Towers in Milton!

950 Drew Centre Unit 1601 - Condo photo 1 of 2 in Milton, Ontario
950 Drew Centre Unit 1601 - Condo photo 2 of 2 in Milton, Ontario
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$694,900 - 950 Drew Centre Unit 1601, Milton

Condo for Sale in Milton

39 days on market

Neighbourhood: 1037 - TM Timberlea

1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
W13566824
Property Type
Condo
Status
active
Days on Site
39
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Milton
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
METROPARK REALTY INC.
Description

Located At Thompson Road South and Drew Centre, Thompson Towers Will Offer Seamless Access to an Unparallel Transit System and a Host of Exclusive Amenities at The Thompson Club. With Its Eye-Catching Architecture and Meticulously Landscaped Surroundings, Thompson Towers is Ushering in a New Era for Urban Life. Experience Milton Like Never Before. Now is Your Chance to Own This Beautiful, Brand New 1 Bed + Den Unit @ The Tallest Towers in Milton!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,565.20/mo

Includes CMHC insurance ($19,388)

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5-yr fixed avg.

Principal: $625,410Interest: $424,761
Mortgage Amount$644,798
Total Interest$424,761
Est. Property Tax$492/mo
Total Cost$1,069,559

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: 1037 - TM Timberlea

Discover 1037 - TM Timberlea

1037 - TM Timberlea 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 1037 - TM Timberlea

  • 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

1037 - TM Timberlea 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

950 Drew Centre Unit 1601, Milton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
1.3%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$492
Insurance (est.)-$145
Net Cash Flow+$773

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 $1158/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 39 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.

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.

About 1037 - TM Timberlea

I know 1037 - TM Timberlea well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    950 Drew Centre Unit 1601, Milton | $694,900 | Battaglia Team