1053 Old Oak Drive, Oakville

Price: $1,838,000

5 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: W13238450

This move in ready family home is on a quiet court and its premium lot backs onto Sixteen Hollow park and playground. The home has been completely renovated and maintained by it's current owners. Backyard with salt water pool, outdoor kitchen, gazebo, and patio areas. Fully renovated kitchen over looks backyard and has custom cabinetry, high end appliances and large sit up breakfast bar. Work from home from the spacious main floor office. Hardwood and stone floors throughout. Large second story family room. Spacious primary bedroom has large ensuite with soaker tub and separate glassed in shower. Three other good sized bedrooms as well. Fully finished basement has fifth bedroom, 3 piece bathroom and large recreation room including games area, and wet bar/kitchen. Baseball diamond in Sixteen Hollow park has no lighting - so no after dark baseball games. Very close walking distance to top schools including St. Teresa, West Oak Public school and Loyola secondary school. Also, walking distance to entrance of the 16- mile creek trail system (8.5 km of trails). The new Oakville Hospital is a 9 minute drive. Quick commute to Oakville Go Station, loads of shopping and restaurants and all major highways.

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New Listing
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$1,838,000 - 1053 Old Oak Drive, Oakville

Detached for Sale in Oakville

New — Listed 4 days ago
5Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
W13238450
Property Type
Detached
Status
active
Days on Site
4
Bedrooms
5
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Oakville
Listing Brokerage
RE/MAX ABOUTOWNE REALTY CORP.
Description

This move in ready family home is on a quiet court and its premium lot backs onto Sixteen Hollow park and playground. The home has been completely renovated and maintained by it's current owners. Backyard with salt water pool, outdoor kitchen, gazebo, and patio areas. Fully renovated kitchen over looks backyard and has custom cabinetry, high end appliances and large sit up breakfast bar. Work from home from the spacious main floor office. Hardwood and stone floors throughout. Large second story family room. Spacious primary bedroom has large ensuite with soaker tub and separate glassed in shower. Three other good sized bedrooms as well. Fully finished basement has fifth bedroom, 3 piece bathroom and large recreation room including games area, and wet bar/kitchen. Baseball diamond in Sixteen Hollow park has no lighting - so no after dark baseball games. Very close walking distance to top schools including St. Teresa, West Oak Public school and Loyola secondary school. Also, walking distance to entrance of the 16- mile creek trail system (8.5 km of trails). The new Oakville Hospital is a 9 minute drive. Quick commute to Oakville Go Station, loads of shopping and restaurants and all major highways.

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Estimated Payment

$8,130.09/mo

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5-yr fixed avg.

Principal: $1,470,400Interest: $968,628
Mortgage Amount$1,470,400
Total Interest$968,628
Est. Property Tax$1,302/mo
Total Cost$2,439,028

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Oakville

Discover Oakville

Oakville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Oakville

  • Convenient location in Oakville
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Oakville Trafalgar High SchoolPublic High School
Iroquois Ridge High SchoolPublic High School
Holy Trinity Catholic Secondary SchoolCatholic High School
Abbey Park High SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Oakville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1053 Old Oak Drive, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,950/mo
Range: $3,358 - $4,543
Cap Rate (ROI)
1.5%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$1,302
Insurance (est.)-$383
Net Cash Flow+$2,265

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $735/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Oakville's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Oakville are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Oakville.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Oakville Premium

Oakville commands premium prices for good reasons: top-rated schools, waterfront access, charming downtown, and affluent community. Homes here hold value exceptionally well during market corrections. The trade-off is higher property taxes and home prices. If schools and lifestyle are priorities, Oakville delivers.

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    1053 Old Oak Drive, Oakville — $1,838,000 | Battaglia Team