[5] Amenities include a community hall, curling rink, walking paths, hotel, library, skating area, and school.

In 1909, Milo was settled 3 kilometres northeast of its present location when Jens (Jim) and Alete Aasgard moved here from Osseo, WI and built their store and home.

A World War II Royal Canadian Air Force navigator, Harlo "Terry" Taerum, the son of a Norwegian immigrant,[6] spent his early years on a farm a few kilometers from Milo and attended school in the community.

In May 1943, in Operation Chastise, commonly known as the "Dambuster Raid," he navigated the lead Lancaster bomber at very low level, at night, to the primary target, a power dam inside Germany.

The original site of the village - the Aasgards' farmstead and store - are now part of Canada's largest comb honey beekeeping farm, owned by Don and Ron Miksha.