
621- 830 Megson Terrace, Milton
Milton
$899,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY BHAVSAR REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
4
Bathrooms
2
Days on Market
28
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to refined living at the highly sought-after Bronte West Condominiums, where luxury, sustainability, and comfort meet. This elegant and quiet penthouse Maple Model offers 1,578 sqft bigger than many townhomes, with 3+1 bedrooms and 2 beautifully finished bathrooms, designed with 9-foot ceilings, crown moulding, and a carpet-free interior. Freshly painted with new LED lighting and pot lights, the space feels bright, modern, and inviting. The upgraded kitchen features quartz countertops, stainless steel appliances, a stylish backsplash, and a large pantry, opening to a sun-filled living and dining area with two walkout balconies showcasing peaceful escarpment views. Tons of sunlight! The layout includes two oversized bedrooms, highlighted by a spacious primary suite with a walk-in closet and a spa-like ensuite with double sinks, quartz counters, and a glass shower, plus a second elegant bathroom. The large den can be used as an office, home gym or even guest room. Additional features include high-quality laminate flooring, ceramic tile, automatic blinds, a large ensuite laundry room, underground parking, locker, owned hot water tank, and low utility costs. Enjoy some of the lowest maintenance fees per square foot in Milton. Bronte West is Canada's first net-positive energy condominium, powered by solar and geothermal energy, offering a zero carbon footprint lifestyle just steps to Milton District Hospital, shopping, parks, restaurants, and more. ******2nd Parking Space can we rented in the building if needed*******.
MississaugaInvestor.ca
621- 830 Megson Terrace
Condo Apartment · 4bd/2ba · ~1,500 sqft
$899,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.07%
Monthly Cash Flow
-$2,588/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-15.74%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$4,138 |
| Property Tax | −$584 |
| Insurance | −$225 |
| Condo Fee | −$586 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$2,588/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$7,012 |
| Insurance | −$2,700 |
| Condo Fee | −$7,032 |
| Annual NOI | $18,596 |
| Cap Rate | 2.07% |
Cash Required to Close
| Down Payment (20%) | $179,800 |
| Ontario Land Transfer Tax | $14,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,255 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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