$575K · 2+1 bed Condo Apartment · 1037 - TM Timberlea, Milton

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About this home

Stunning 2-Bedroom + Den corner condo offering modern urban living with breathtaking, unobstructed views from a spacious open balcony. Featuring a bright, open-concept layout, this unit boasts an Elegant Kitchen, Ensuite laundry, one secure parking spot and a storage locker. Situated in a premier building, residents enjoy top-tier amenities, including a fully equipped gym, Party room, and guest suites. 5-minute walking distance to the GO train Station. Ideally located near parks, restaurants, an…

Property details

MLS#

W12973622

Status

Buy Now

Beds

2+1

Baths

2 full, 0 half

Size

1000-1199

Style

Apartment

Type

Condo Apartment

Year built

—

Property features: Arts Centre, Clear View, Library, Public Transit, School

Condo corp #: 727
Balcony: Open
Locker: Owned
Association amenities: Bike Storage, Guest Suites, Gym, Party Room/Meeting Room, Visitor Parking
Fees include: Heat Included, Common Elements Included, Water Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete
Fronting on: —
Cross street: Main St / Thompson Rd
Basement: None
Stories: 4
Utilities: —
Laundry: Ensuite
Interior: None
Parking features: Surface

Level	Room	Dimensions
Main	Living Room	3.26m × 3.7m
Main	Dining Room	3.26m × 3.7m
Main	Kitchen	—
Main	Primary Bedroom	3.26m × 3.34m
Main	Bedroom 2	2.77m × 3.34m
Main	Den	3.04m × 3.04m
Main	Laundry	—
Main	Bathroom	—
Main	Bathroom	—

Level

Room

Dimensions

Main

Living Room

3.26m × 3.7m

Main

Dining Room

3.26m × 3.7m

Main

Kitchen

—

Main

Primary Bedroom

3.26m × 3.34m

Main

Bedroom 2

2.77m × 3.34m

Main

Den

3.04m × 3.04m

Main

Laundry

—

Main

Bathroom

—

Main

Bathroom

—

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $574,999✓ $2,860 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,966/mo

incl. closing costs (yr 1)

Annual total

$59,593

year 1

Mortgage only

$2,181/mo

principal + interest

Beyond mortgage

$1,662/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$115,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$238/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,750/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$43/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)44% $26,176/yr

Property taxes18% $10,835/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance10% $5,750/yr

Condo fees10% $6,171/yr

Closing costs9% $5,100/yr

Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,176	$2,181/mo
Government & taxes
Property tax	$2,860	$238/mo
Land transfer tax(closing)	$7,975	$665/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,750	$479/mo
Condo fees
Condo / HOA fees	$6,171	$514/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$59,593	$4,966/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Annual costs