Megson Terrace

Megson Terrace is a short, quiet residential street in the Willmott neighbourhood of north Milton. It runs between Apple Terrace and Wettlaufer Terrace, forming part of a cluster of cul-de-sacs and terraces that define this pocket. The street sits within walking distance of Willmott Park and St. Scholastica Catholic Elementary School, giving it a distinctly family-oriented character. Its position near the escarpment edge means mature trees and green space frame the immediate surroundings. Megson feels settled without being old; the homes here date from the early 2000s, part of Milton's steady expansion north of the 401. The street's compact scale and low traffic make it a natural fit for those who value walkable neighbourhoods over suburban sprawl.

The housing stock on Megson Terrace is predominantly condominium apartments, with a handful of townhouses, semis, and detached homes mixed in. The condo units, concentrated at 830 Megson Terrace, range from one- to three-bedroom layouts, typically spanning 800 to 1,600 square feet. Two-bedroom units are the most common, trading in the high-$700s to low-$800s. The street's single detached home and pair of semis sit on modest lots, reflecting the compact, infill character of the terrace. Builder attribution is not available with high confidence, but the construction era and architectural language are consistent with early-2000s Milton development.

Exterior treatments across the street lean toward brick and vinyl siding, with pitched roofs and attached garages on the ground-oriented units. The condo building at 830 presents a clean, low-rise facade with balconies and ground-floor entrances. Unit interiors show standard builder finishes of the period: laminate flooring, cultured marble counters, and oak cabinetry. Some units have been updated with modern fixtures and paint, while others retain original finishes. The mix of unit types and sizes means Megson accommodates a range of household configurations, from singles and couples to small families.

Willmott Park is directly adjacent to Megson Terrace, offering a playground, sports fields, and walking paths within a minute's walk. St. Scholastica Catholic Elementary School sits at the corner of the street, making the morning school run a matter of steps rather than a drive. For daily errands, Sobeys Milton is a six-minute drive west, and Walmart and FreshCo are each about seven minutes away. Milton District Hospital is six minutes by car, and the Milton GO Station is eight minutes south, providing a 68-minute commute to downtown Toronto via GO train and TTC.

Several other parks are within a short drive: Rotary Park and Coates Park are each six minutes away, and the Kelso Conservation Area offers hiking and skiing seven minutes north. Craig Kielburger Secondary School is a two-minute drive for older students. The Highway 401 on-ramp at Regional Road 25 is seven minutes south, connecting to Mississauga in 22 minutes and Pearson International Airport in 32 minutes. The Milton Muslim Community Centre is six minutes away, and multiple other places of worship are within a 15-minute drive.

Megson Terrace trades predominantly as a condo-focused corridor, with typical prices around $800,000. The street has recorded eight sales over the recent window, with condos anchoring the majority of activity at a median price near $850,000. A two-bedroom condo rented around $2,700 per month in April 2026, while a three-bedroom unit rented near $3,200 over the same period, illustrating the rental tier structure. Across the lease window, rentals span $1,450 to $3,500 monthly, with two-bedroom units dominating lease activity at a typical rate of $2,450 and three-bedroom units clustering around $3,200. This rental range against the sale median suggests gross yields in the 3.5 to 4.1 percent band for investor-grade units.

Pricing has moved variably across the measurement window. Q3 2024 saw units trading in the high-$900s, before softening notably to around $725,000 in Q4 2024. Early 2025 brought stabilization, with Q1 2025 returning to the low-$900s. The pattern has since compressed: Q2 2025 settled in the mid-$870s, Q3 2025 firmed back to the mid-$920s, and Q4 2025 held near $775,000. Q1 2026 and Q2 2026 reflect tighter recent activity, with Q1 2026 near $925,000 and Q2 2026 settling to $800,000. Days on market average around 115 days, indicating a measured pace. Currently two active listings remain on the street, reflecting limited near-term supply against the historical transaction volume.

Megson Terrace sits in Willmott, a position that makes the Milton GO line the realistic Toronto commute. The station is an eight-minute drive; with the train, Union Station comes in just over an hour total. For those working in Mississauga or Pearson, the 401 ramp at Regional Road 25 is seven minutes away, putting Mississauga within a 22-minute drive and Pearson at 32. The street itself is quiet, with no through traffic, so the road network handles the load without the noise that defines busier corridors.

Public elementary catchment draws to Sam Sherratt Public School, a five-minute drive, and Robert Baldwin Public School at six minutes. Catholic elementary students attend St. Scholastica Catholic Elementary, which is walkable from the street itself. For secondary, public students go to Craig Kielburger Secondary School, two minutes away, while Catholic students attend St. Francis Xavier Catholic Secondary School, a five-minute drive. The concentration of schools within a short radius makes Megson a practical choice for families with children at different stages.

Megson Terrace tends to suit buyers who want a quiet residential pocket with strong school access and a straightforward commute. The mix of condos and townhouses means first-time buyers and downsizers find options, while the rental activity suggests a steady tenant pool for investors. The street's position near parks and grocery stores reduces daily errand time. Buyers here accept a slightly longer drive to the GO station in exchange for a quieter street and a more established neighbourhood feel. Families with school-aged children will appreciate the walkable Catholic elementary and the short drive to secondary schools.

If you're considering alternatives in similar pockets, Apple Terrace offers detached homes trading around $1.6M, a step up in price and space for those who want a larger lot. Wettlaufer Terrace, also in Willmott, has detached homes around $1.55M, appealing to buyers who prioritize a detached footprint over the condo and townhouse mix on Megson. Both streets share the same neighbourhood advantages but shift the housing type toward freehold.