Megson Terrace

Megson Terrace at a glance

Megson Terrace runs through the Willmott neighbourhood in north Milton, a quiet residential pocket shaped by its proximity to parks and schools. The street sits east of Regional Road 25 and south of Britannia Road, within a grid of similar terraces and crescents built in the early 2000s. Willmott Park borders the street directly, giving the terrace an immediate green edge. St. Scholastica Catholic Elementary School sits at its southern end, within walking distance of every home. The street is primarily residential, with no through traffic to speak of. It is the kind of street where neighbours know each other by sight and children walk to school in groups.

The homes here

Megson Terrace is dominated by condominium townhouses and apartments, with a handful of semis and detached homes scattered along its length. The majority of units are two- and three-bedroom condos in low-rise buildings, typically ranging from 800 to 1,600 square feet. The street was developed in the mid-2000s, and the architecture reflects that era: brick and vinyl exteriors, pitched roofs, and attached garages for the townhouse units. The builder is not attributed with high confidence, but the consistent roofline and material palette suggest a single developer phase.

Condos here trade in the high-$600s to mid-$900s, reflecting unit size and condition. The typical sale settles around $860,000. Two-bedroom units with two bathrooms and a balcony are the most common configuration. Many have been updated with laminate flooring and modern kitchens. The detached and semi-detached homes sit on modest lots, often with a single-car garage and a small backyard. The street feels cohesive: the same era, the same scale, the same quiet rhythm.

What's nearby

Willmott Park is the street's front yard, with a playground, sports fields, and walking paths. St. Scholastica Catholic Elementary School is at the south end of the terrace, a two-minute walk for most residents. Craig Kielburger Secondary School is a five-minute drive north. Grocery shopping is a short drive: Sobeys Milton and Walmart are both about six minutes away. Milton District Hospital is six minutes by car. The Milton GO Station is eight minutes away, with trains to Toronto in just over an hour.

For daily errands, the plaza at Regional Road 25 and Britannia Road has a pharmacy, a bank, and a few quick-service restaurants. Highway 401 is seven minutes from the on-ramp at Regional Road 25, making commutes to Mississauga and Oakville straightforward. The street itself is quiet, but the essentials are close enough that a car is not strictly necessary for daily life.

The market right now

Megson Terrace trades predominantly as a condo street, with eight of ten sales landing in the condo segment. The typical sale price across the street settles around $862,500, with trades spanning from around $630,000 to approximately $959,900. A two-bedroom condo rented around $2,750 in June 2026, while a three-bedroom unit leased for $3,100 in the same month, illustrating the rental demand across bedroom types. The pricing reflects a condo-dominant market where unit configuration and square footage drive position within the band; larger two-bedroom units with extra bathrooms occupy the upper end of the range, while smaller configurations cluster lower.

Quarterly pricing through the period shows variability without a clean directional arc. The typical price opened Q1 2025 near $905,000, softened to around $872,450 in Q2 2025, then firmed to approximately $926,600 in Q3 2025 before declining sharply to near $786,000 in Q4 2025. Into Q2 2026, the typical held near $799,500, suggesting settlement into a lower band than early-2025 levels. Days on market average around 110, indicating modest holding periods typical of a supply-constrained condo market; three active listings against ten recent sales points to tight inventory. Rental activity outpaces sales significantly (16 leases against 10 sales), with two-bedroom units consistently renting in the $2,500 to $2,750 range and three-bedroom units commanding $3,200 to $3,500 monthly, implying gross yields in the 3.5 to 4.2 percent range on comparable sale prices.

Comparable homes nearby

Across the 1038 - WI Willmott neighbourhood, comparable condo homes have sold at around $663,400 over the recent window, notably below Megson's street-level typical. The neighbourhood sample spans 160 recent sales, providing a robust read on the wider condo market in the area. Pricing has softened modestly from year-over-year, down approximately 1.1 percent, suggesting a modest easing rather than sharp pullback. Buyer-seller dynamics remain relatively balanced, with sales settling around 99.4 percent of asking price, indicating light negotiation room and continued underlying demand. Neighbourhood-wide pace runs faster than Megson's own DOM, with comparable condos typically clearing in around 87 days, suggesting the street's longer holding times reflect either condition variance or positioning at the upper end of the neighbourhood band.

Getting around

Megson Terrace sits in the Willmott neighbourhood, a position that makes the Milton GO station the realistic Toronto commute — a drive of about eight minutes puts Union under 70 minutes total. For those working in Mississauga, the 401 ramp at Regional Road 25 is a seven-minute drive and handles the daily run in about 22 minutes. Pearson is reachable in roughly half an hour. The street itself is quiet enough that the road network manages the load without the through-traffic noise of busier corridors.

Schools and catchment

Public elementary catchment draws to Sam Sherratt Public School, a five-minute drive, while Catholic elementary students attend St. Scholastica Catholic Elementary School, which is walkable from the southern end of Megson. Secondary students in the public board go to Craig Kielburger Secondary School, a two-minute drive; Catholic secondary students attend St. Francis Xavier Catholic Secondary School, about five minutes away. The proximity to multiple elementary options gives families some flexibility depending on board preference.

Who this street suits

Megson Terrace tends to suit buyers who want a newer, low-maintenance home in a quiet pocket of Willmott without sacrificing access to the 401 and GO transit. The street's stock is predominantly condos, which appeals to first-time buyers, downsizers, and investors looking for a lock-and-leave lifestyle. Families with older children may find the secondary school catchments convenient, though the limited yard space means the street is less suited to those seeking a traditional detached home with a garden. The rental activity here is anchored by long-term tenants, with most leases unfurnished and on 12-month terms, signalling a stable, non-transient rental base.

If different priorities matter more

If a larger lot or a detached home is a priority, Wettlaufer Terrace offers detached homes trading around $1.8M, a step up in both space and price. For a broader mix of property types, Apple Terrace shows a blend of homes trading around $1.6M, which may suit buyers who want more variety in housing stock. Both alternatives sit in similar pockets of Willmott, so the commute and school catchments remain comparable.