308 Ridge Drive, Milton

$979,900
308 Ridge Drive

$979,900

New
7d
DetachedSidesplit 4

308 Ridge Drive, Milton

Total Monthly Obligation $4,700

HausQ Valuation Report
Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
7d
Score
18
Yield
4.4%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-W14086056
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-60.39 × 125 ft
Listed on site-Oct 16, 2026
Style-Sidesplit 4
Building Type-Detached
Age-31-50
Taxes-$4,464 (2025)
Parking-6 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-1035 - OM Old Milton
Title-Residential Freehold

No agent assigned

Welcome to 308 Ridge Drive in Milton's highly sought-after Mountain View neighbourhood! Situated on an impressive 60 x 125 ft lot on an established, family-friendly street, this fullydetached side-split offers a fantastic opportunity to settle into one of Milton's mostdesirable communities. Featuring 3 bedrooms, 3 bathrooms, a finished basement, and plenty ofadditional storage space, there's room to grow, relax, and make yourself at home.Freshly painted throughout, with a new front door, new back door, and a brand-new composite deck overlooking the backyard, this home offers some great recent updates. The deck is complete with a gas line for your BBQ, making it the perfect spot for summer gatherings, family dinners,and entertaining friends.Enjoy the convenience of being close to excellent schools, parks, and all the amenities of Downtown Milton, with easy access to Highway 401 just a 5-minute drive away. Whether you'relooking for a place to raise a family or a home with great space to entertain, this Mountain View property is full of potential in a location you'll love!

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

Closing Costs

Mortgage Amount
$783,920
Land Transfer Taxes$16,073
Legal Fees (Est.)
$
Total cash required for closing$213,553

Total Monthly Obligation

$4,700/mo
Mortgage $3,953
Monthly Loss $3,660
Principal$1,040
Interest$2,913
Property Tax$372
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
16.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$43,500/yr
NOI
$30,186/yr
Net Cash Flow
-$1,437/mo
Cash Margin
-39.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo32
Risk Index
19.3/ 100

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

Comparables

Properties near 308 Ridge Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.