The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Stunning Somerset Heathwood on prestigious Forbes Terrace, one of Milton's most desirable streets. Backing onto lush green space, this exceptional home offers over 4,500 sq. ft. of finished living space and an impressive blend of luxury, comfort, and functionality.Enjoy the ultimate backyard retreat featuring a built-in outdoor kitchen with BBQ and fridge, hot tub, and expansive interlocking patio-perfect for entertaining or relaxing with family and friends.The main level showcases hardwood flooring and staircase, a private home office, formal living and dining rooms, and a convenient mudroom with garage access. The spacious eat-in kitchen features stainless steel appliances and solid-surface countertops, opening seamlessly to the inviting family room with a gas fireplace.Upstairs, you'll find four spacious bedrooms, all with organized closets. The primary retreat is a true sanctuary, complete with coffered ceilings, a gas fireplace, twin walk-in closets, and a spa-inspired ensuite featuring an oversized soaker tub, three-sided glass shower, dual vanities, and private water closet. A Jack & Jill five-piece bathroom connects two secondary bedrooms, while an additional four-piece bathroom serves the fourth bedroom. Convenient upper-level laundry, vaulted ceilings, and an elegant upper hall balcony complete this impressive level.The professionally finished basement offers even more living space, including a fifth bedroom, three-piece bathroom, large recreation room, and ample storage.Ideally located just steps from the many amenities Milton has to offer, including scenic trails and conservation areas, family parks, Sherwood Community Centre and Sports Centre, and the Milton Public Library.A remarkable family home in an exceptional location-offering luxury living both inside and out.
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$6,956/mo
Mortgage (principal + interest)$6,356
Property taxFrom listing: $7,200/yr$600
Minimum 20% ($339,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$339,800
Ontario land transfer taxProvincial brackets, no first-time refund$30,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$373,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Milton has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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