81 Millside Drive 704, Milton

$449,000
81 Millside Drive 704

$449,000

New
29d
Condo Apartment1 Storey/Apt

81 Millside Drive 704, Milton

Total Monthly Obligation $3,083

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
29d
Score
21
Yield
7.7%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.2%
Property Type-Condo Apartment
MLS® Number-W13823258
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 24, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$1,949 (2025)
Maintenance-$909.38/mo
Locker-Owned
Parking-1 - Other
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE MEADOWTOWNE REALTY
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Roof-Flat
Foundation-Concrete
Possession-TBD
Neighbourhood-1035 - OM Old Milton
Title-Residential Condo & Other

No agent assigned

Enjoy downtown living at 704-81 Millside Drive, a bright 2-bedroom, 2-bathroom condo in the heart of Old Milton with the rare bonus of two private balconies, south exposure and views of Milton. Condo fee covers ALL utilities, cable and high speed internet - no additional monthly utility costs, and the building offers a party/rec room in the basement. Freshly painted and flat ceilings throughout, this inviting home features a designer kitchen with two-tone cabinetry, white quartz counters and tile backsplash, opening to an eat-in dining area. The living and dining spaces offer maintenance-free laminate flooring, while a millwork accent wall adds character to the living room. Step directly outside to the balcony and enjoy an extension of your everyday living space. Both bedrooms are spacious, with one featuring private balcony access. The primary bedroom includes a 2-piece ensuite, while the main 3-piece bathroom offers an upgraded vanity and step-in shower. In-suite laundry adds everyday convenience. Includes 1 covered parking space, with additional surface spaces available. Recent building upgrades include the roof and balcony railings (2023), parking garage (2025), and generator/plumbing repairs (2025). A comfortable, updated home with a downtown Milton location that keeps you connected to Old Milton. Come experience it for yourself.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$359,200
Land Transfer Taxes$5,455
Legal Fees (Est.)
$
Total cash required for closing$96,755

Total Monthly Obligation

$3,083/mo
Mortgage $1,811
Monthly Loss $2,606
Principal$477
Interest$1,335
Property Tax$162
Condo Fees$909
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
11.1%43
10-Year IRR
11.7%
Returns Index
22.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$34,440/yr
NOI
$15,734/yr
Net Cash Flow
-$500/mo
Cash Margin
-17.4%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
27.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 81 Millside Drive 704

Time

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