661 Childs Drive 50, Milton

$625,900
661 Childs Drive 50

$625,900

New
7d
Condo TownhouseMulti-Level

661 Childs Drive 50, Milton

Total Monthly Obligation $3,391

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
7d
Score
20
Yield
5.6%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
13.0%
Property Type-Condo Townhouse
MLS® Number-W14085940
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 16, 2026
Style-Multi-Level
Building Type-Condo Townhouse
Taxes-$2,777.11 (2026)
Maintenance-$434.75/mo
Locker-None
Parking-2 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY SPECIALISTS INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-1037 - TM Timberlea
Title-Residential Condo & Other

No agent assigned

Welcome to 50-661 Childs Drive - an inviting 3 bedroom, 1.5 bathroom condo townhouse nestled in Milton's desirable Timberlea neighbourhood! Featuring a practical multi-level layout and tasteful updates throughout, this home offers comfortable living with flexibility to suit your needs. Enter through the front door and make your way up to the oversized family room featuring high ceilings, large windows and direct access to the backyard, where mature trees provide a peaceful backdrop for your outdoor enjoyment. The bright kitchen offers a functional layout, large enough to accommodate a small table and is conveniently located beside the dining area, which overlooks the spacious family room below, creating natural separation between living spaces while maintaining an open concept feel. Upstairs you'll find 3 well proportioned bedrooms with brand new carpeting and a full 4-piece bathroom which has ensuite privilege to the primary bedroom. The finished basement adds valuable living space, complete with a 2-piece bathroom and can be enjoyed as a rec room, home office, play area or gym. Ideally located just minutes from Downtown Milton, you'll enjoy easy access to local shops, cafés & restaurants. Nearby schools, parks, walking trails, shopping and Milton GO add to the everyday convenience of this sought-after Timberlea community. A fantastic opportunity to enjoy a comfortable lifestyle in a well-established neighbourhood close to all the essentials.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$500,720
Land Transfer Taxes$8,993
Legal Fees (Est.)
$
Total cash required for closing$135,673

Total Monthly Obligation

$3,391/mo
Mortgage $2,525
Monthly Loss $2,727
Principal$664
Interest$1,860
Property Tax$231
Condo Fees$435
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.2%37
10-Year IRR
10.8%
Returns Index
19.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$34,788/yr
NOI
$20,915/yr
Net Cash Flow
-$782/mo
Cash Margin
-27.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
24.8/ 100

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

Comparables

Properties near 661 Childs Drive 50

Time

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Data last updated within the past 24 hours.