Megson Terrace

Megson Terrace sits in the Willmott neighbourhood, a quiet pocket of Milton defined by its mature trees and orderly layout. The street runs as a short, residential loop off Wellwood Terrace, framed by single-family homes and low-rise condominiums. It is a street where children walk to school and neighbours recognize one another. St. Scholastica Catholic Elementary School is steps from the terrace, anchoring the daily rhythm for many families. The surrounding area is predominantly residential, with parks and green spaces woven into the fabric. Megson offers a sense of enclosure and calm, a deliberate contrast to the busier arterial roads nearby.

The housing stock on Megson Terrace is a mix of condominium apartments and a small number of townhouses, semis, and detached homes. Condos dominate, with units typically spanning two and three bedrooms. These are concentrated at 830 Megson Terrace, a low-rise building that anchors the street's southern end. The building's units trade in the high-$700s to mid-$800s, reflecting their size and finish. The few townhomes and detached homes are older, with modest lots and traditional layouts.

Exterior treatments on the street are consistent: brick and siding in neutral tones, with well-maintained lawns and driveways. The condominium building presents a clean, contemporary facade with balconies and ground-floor entrances. Inside, units range from 800 to 1,600 square feet, with open-concept living areas and updated kitchens in many cases. The street's housing is practical and unpretentious, built for everyday comfort rather than architectural statement. Condition is generally good, with turnover evident in the steady lease activity.

Willmott Park sits directly adjacent to Megson Terrace, offering a playground, sports fields, and walking paths. It is the street's backyard. For daily errands, Sobeys Milton is a six-minute drive west, while Walmart and FreshCo are each seven minutes away. Milton District Hospital is six minutes by car, providing peace of mind for families. The Milton GO Station is eight minutes away, connecting residents to Toronto in just over an hour.

Several schools are within walking distance. St. Scholastica Catholic Elementary is on the terrace itself. Craig Kielburger Secondary School is a two-minute drive. For recreation, Rotary Park and Coates Park are each six minutes away. The Milton Muslim Community Centre is six minutes by car. Highway 401 is seven minutes from the street, making commutes to Mississauga, Oakville, and Burlington straightforward. The street's location balances suburban quiet with practical access to daily needs.

Megson Terrace trades predominantly as condo product, with seven of eight recent sales in that category. A two-bedroom condo rented around $2,600 per month in April 2026, while a three-bedroom unit leased for approximately $3,200 per month in August 2025. Rentals on the street span $1,450 to $3,500 per month across the recent window, with two-bedroom units anchoring activity in the mid-$2,400 range and three-bedroom units typically in the low-$3,200 range. The typical sales price across all property types stands around $800,000; condos specifically settle in the mid-$850,000 range.

The quarterly trend reveals uneven price movement through the available window. The street opened Q3 2024 near $975,000, then eased to $725,000 in Q4 2024 before firming back through Q1 2025 to approximately $900,000. Activity continued at around $875,000 in Q2 2025, then moved to $925,000 in Q3 2025 before easing once more to $775,000 in Q4 2025 and settling near $800,000 in Q2 2026. This non-linear pattern across seven quarters reflects variability in deal composition and timing rather than a single directional arc. Days on market average around 115, suggesting modest holding periods relative to broader market pace. Two active listings currently sit on the street against eight sales over the measured period, indicating relatively constrained immediate supply. Lease-to-sale volume reflects pronounced rental activity, with fourteen leases against eight sales over the window, implying gross yields near 3.2% to 4.4% for typical two-bedroom and three-bedroom units respectively.

Across the Willmott neighbourhood, comparable condo homes have traded at a typical price around $625,000 over the recent twelve-month window, meaningfully below the street's own condo range. The neighbourhood sample comprises 165 transactions, providing robust pattern recognition. Year-over-year price movement has been essentially flat, with a negligible shift of under one-tenth of one percent, indicating stable conditions at the neighbourhood scale. Homes move to market and clear near asking, with a sold-to-ask ratio of approximately 0.999, reflecting balanced buyer-seller conditions. Pace in the wider neighbourhood runs faster than Megson Terrace itself, with comparable condo homes typically clearing in around 89 days against the street's 115-day average.

Megson Terrace sits in Willmott, a position that makes the Milton GO line the realistic Toronto commute — an eight-minute drive to the station puts Union under 70 minutes total. For those working in Mississauga, the 401 ramp at Regional Road 25 is a seven-minute drive and the daily handle. The street itself is quiet enough that the road network handles the load without through-traffic noise.

Public elementary catchment draws to Sam Sherratt Public School, a five-minute drive; Catholic students attend St. Scholastica Catholic Elementary, walkable from Megson's southern end. Older students draw to Craig Kielburger Secondary School, two minutes by car, or St. Francis Xavier Catholic Secondary, five minutes away. The concentration of schools within a short radius makes this a practical stretch for families routing multiple children.

Megson Terrace tends to suit buyers who want the convenience of Milton's newer stock without the premium of a detached home. The street is dominated by condos, which trade around the mid-$800s, and the rental market is active — mostly unfurnished units on 12-month terms, suggesting a stable tenant base. Buyers here accept tighter square footage in exchange for proximity to parks and schools. The street also works for investors: lease activity outpaces sales, and two-bedroom units rent in the mid-$2,400s. Households that need a yard or more than two bedrooms will find the stock limited.

If a larger lot or a detached home is the priority, Wellwood Terrace trades around $1.7M and offers a different price point and property type. For buyers seeking a mix of housing types at a similar price level, Apple Terrace trades around $1.6M and provides more variety. Both streets sit within Willmott, so the neighbourhood amenities remain familiar.