$2,195,000 - 1061 Summit Ridge Drive, Oakville
Detached for Sale in Oakville
35 days on market- MLS Number
- W13113156
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Experience the pinnacle of refined living in one of West Oak Trails most sought-after enclaves of executive homes blending upscale comfort with the tranquillity of nature. Embraced by the lush woodlands of the 16 Mile Creek ravine & within walking distance to the Glen Abbey Golf Club, highly-ranked schools, neighbourhood parks & just minutes from the Oakville Hospital, shopping, restaurants & highways, making the perfect balance of serenity & convenience. Curb appeal abounds with mature, professional landscaping, and an expansive interlocking stone driveway leading to a rarely offered 3-car garage with inside entry. The sun-soaked backyard, perfect for outdoor entertaining, features a brand-new stone patio (2024) & provides a serene retreat. Step inside this beautifully updated 4+2 bedroom, 4.5-bathroom home, where timeless elegance meets modern design. Highlights include hardwood flooring, 9 main floor ceilings, & a stunning Scarlet OHara staircase that sets the tone for the entire home. The formal living room, with its soaring cathedral ceiling, flows effortlessly into a sophisticated dining area with classic crown mouldingsideal for hosting elegant dinner parties. The stunning renovated kitchen (2022) boasts sleek modern cabinetry, quartz countertops, premium stainless steel appliances, & a walkout to the private patio. The spacious family room offers a cozy haven to relax, while the dedicated home office makes working remotely a breeze. Upstairs, the luxurious primary suite is a private sanctuary featuring a spa-inspired 5-piece ensuite complete with a freestanding soaker tub & a frameless glass shower. The professionally finished basement adds incredible versatility, featuring a generous recreation room with a gas fireplace, a vast open-concept area ideal for configuring to suit your lifestyle, a fifth bedroom with access to a 3-piece bath, & a home gym or potential sixth bedroom.
Estimate your monthly payments for this property
Estimated Payment
$9,709.23/mo
5-yr fixed avg.
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.
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
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.
1061 Summit Ridge Drive, Oakville
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $732/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.
Market Position
At 35 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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 5 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.