$3,900/mo - 142 Balsam Drive, Oakville
Detached for Rent in Oakville
45 days on market- MLS Number
- W13080508
- Property Type
- Detached
- Status
- active
- Days on Site
- 45
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- RE/MAX Escarpment Realty Inc., Brokerage
Situated on one of Oakville's most coveted and iconic streets, 142 Balsam Drive presents a rare and inviting lease opportunity. Nestled on a premium 100 x 152 ft lot, the property is surrounded by a mature tree canopy, offering beautiful natural surroundings along with a sense of privacy from neighboring homes.This charming 1.5-storey home blends character with comfortable everyday living. The home features 4 bedrooms and 2 bathrooms, including a convenient main-floor primary bedroom and a full 4-piece bathroom-ideal for those seeking the ease of main-level living.Recently updated, the home features brand new vinyl flooring, new carpet, and has been freshly painted throughout, creating a bright and refreshed interior. Several light fixtures have also been updated, adding a modern touch while maintaining the home's original charm.The spacious lot provides ample outdoor space to enjoy, whether for relaxing, entertaining, or simply taking in the serene setting. Located just a short stroll from Downtown Oakville, tenants will appreciate easy access to boutique shopping, cafés, restaurants, and the scenic waterfront trails along Lake Ontario.Families will also benefit from proximity to some of Oakville's top-rated schools, including St. Mildred's-Lightbourn School, Linbrook School, MacLachlan College, and New Central Public School.This is a unique opportunity to lease a well-cared-for home in a prestigious, established neighbourhood-perfect for those looking to enjoy the charm, space, and convenience of one of Oakville's most desirable locations.
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.
142 Balsam Drive, Oakville
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $3,900/mo, this is in line with typical 4-bedroom rents in Oakville (~$4,200/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Market Position
At 45 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.
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.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.