Forbes Terrace

Forbes Terrace is a quiet residential lane in Milton's Scott neighbourhood. It runs between Martin Street and a small pocket of newer homes, framed by mature trees and well-kept lawns. The street sits minutes from Milton District Hospital and the Milton GO Station, placing it within easy reach of both daily essentials and commuter transit. Its position in the Scott area places it among a mix of older and newer developments, giving the street a settled feel without being remote. Forbes Terrace is the kind of street where neighbours know each other, and foot traffic is light.

Forbes Terrace holds a compact mix of housing types. Semis dominate the street, with a few detached homes and a single townhouse rounding out the stock. Most homes were built in the early 2000s, part of the Scott neighbourhood's steady expansion. Typical semis trade in the low-$1Ms, reflecting the area's established value. The detached homes, fewer in number, tend to settle in the mid-$1Ms. Lots are modest, frontages narrow, and driveways shared in the semi configurations.

Exteriors lean toward brick and stone, with some homes featuring vinyl siding accents. Roofs are predominantly asphalt shingle, and garages are attached. The semis often share a common roofline, giving the street a cohesive visual rhythm. Floor plans vary, but most offer three bedrooms above grade and a finished basement. The townhouse, tucked at one end, offers a slightly smaller footprint. Overall, the stock is well-maintained, with few signs of deferred upkeep.

Forbes Terrace is a short drive from several parks. Willmott Park, Milton Community Park, and Velodrome Park are all within five to seven minutes by car. Kelso Conservation Area, a larger natural space with trails and a lake, is about seven minutes away. For groceries, Sobeys Milton and Walmart Milton are each a three- to four-minute drive. The Milton Muslim Community Centre is three minutes away, and several other places of worship are within a ten-minute drive.

Milton District Hospital is three minutes by car, a reassuring proximity. The Milton GO Station, five minutes away, connects residents to Toronto in just over an hour. Highway 401 is four minutes from the on-ramp at Regional Road 25. Schools are close: Sam Sherratt Public School is adjacent to the street, and Craig Kielburger Secondary School is five minutes away. For daily errands, the mix of grocery and retail within a few minutes covers most needs without leaving the neighbourhood.

Forbes Terrace trades at a notably higher price point than the immediate neighbourhood context suggests. The typical price across the eight transactions tracked on the street stands around $1.45M, reflecting homes that have moved through the Scott neighbourhood substantially above the semi-detached comparables that dominate the surrounding area. Recent activity tells a particular story: a sale settled around $1M in Q2 2025, followed by another near $1M in Q3 2025, indicating downward pressure through mid-year. The price band has compressed within the million-dollar range, narrowing from the Q2 level.

The street experiences measured velocity with days on market averaging around 135 days, a pace that signals patient buyer behaviour or selective supply drawing negotiation periods. Three rental transactions anchor lease activity across two-bedroom, three-bedroom, and five-bedroom units, with monthly rates around $1,600, $2,000, and $4,250 respectively. Against five sales over the recent window, this lease-to-sale ratio of 0.6 indicates the street functions primarily as a residential owner-occupied market with limited investor activity. No active listings currently stand on the street, reflecting either recent clearance or extended listing availability. The cross-street comparisons provide marked perspective: Martin Street semi-detached units trade in the mid-$310s, creating a substantial price differential that underscores Forbes Terrace's positioning as a distinct market tier within Scott.

Across the Scott neighbourhood, comparable semi-detached homes have traded at a typical price near $875K over the recent twelve-month window, a substantial discount to Forbes Terrace's own trading pattern. The sample of 134 neighbourhood sales provides robust statistical grounding. Year-over-year pricing has remained essentially flat, having risen just under 0.3 percent, suggesting stable market conditions in the semi category across the broader area. Sold-to-ask ratio sits at approximately 0.97, indicating buyers negotiate modestly from initial asking prices without significant discounting pressure. Days on market for comparable semis neighbourhood-wide run around 106 days, slightly faster than Forbes Terrace's own clearing pace, suggesting the street may experience marginally longer holding periods or more selective buyer interest than the immediate surrounding market.

Forbes Terrace sits in the Scott neighbourhood, a position that makes the GO line the realistic Toronto commute. Milton GO Station is a five-minute drive; the full trip to Union runs around 65 minutes. For those working in Mississauga, the 401 ramp at Regional Road 25 is four minutes away, making the drive roughly 22 minutes. The street itself is quiet enough that the road network handles the load without through-traffic noise. Pearson is a 32-minute drive, Oakville 24, and Burlington 20.

Public catchment falls to Sam Sherratt Public School, within walking distance from Forbes Terrace; Catholic elementary students attend Our Lady of Fatima or St. Scholastica, both a five-minute drive. Secondary students draw to Craig Kielburger Secondary School for public, or Bishop P.F. Reding Catholic Secondary for Catholic, each roughly four to five minutes by car. The proximity to multiple elementary options gives families flexibility depending on program fit.

Forbes Terrace tends to suit buyers who want a quieter street in the Scott neighbourhood without sacrificing access to Milton's core amenities. The mix of semis and townhouses draws first-time buyers and young families who value walkability to Sam Sherratt Public School and a short drive to the GO station. The rental side is predominantly unfurnished and long-term anchored, suggesting a stable tenant base rather than transient demand. Buyers here accept a slightly longer Toronto commute in exchange for a more residential feel and lower entry price compared to streets closer to the 401.

If you're considering alternatives in similar pockets, Martin Street offers a different pattern: condo trading around the low-$310s, which suits buyers prioritizing a lower price point and less maintenance. Forbes Terrace, by contrast, is dominated by semis and townhouses with a typical price around $1.5M, so the tradeoff is space and ground-level living versus a more affordable, lock-and-leave option. The two streets sit in the same neighbourhood but serve different household shapes.