$2,758,000 - 1518 Oakhill Drive, Oakville
Detached for Sale in Oakville
36 days on market- MLS Number
- W13122988
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to this beautifully renovated bungalow nestled in one of Oakville's most prestigious and sought-after neighbourhoods. Situated on an impressive 100 x 150 ft lot in Morrison, this elegant home offers timeless charm, spacious living, and the ease of main floor living just moments from the lake, top-rated schools, parks, and amenities. Renovation/2015.As you step through the front door, you're welcomed into a bright and inviting layout thoughtfully designed for both everyday comfort and entertaining. The formal living room is filled with natural light and flows seamlessly into the spacious dining area, creating the perfect setting for family gatherings and hosting guests.Continue into the beautifully appointed kitchen featuring ample cabinetry, quality appliances, and a cozy breakfast area overlooking the expansive backyard. Just beyond, the oversized great room offers a warm and relaxing atmosphere centered around a natural gas fireplace.The main floor features four generously sized bedrooms, including a spacious primary retreat with access to beautifully updated bathrooms. Additional bedrooms provide flexibility for growing families, guests, or a home office setup, while main floor laundry adds convenience.Downstairs, the full basement offers incredible potential with multiple bonus spaces ready to become a recreation room, gym, media area, or additional living quarters depending on your needs.Step outside into your private backyard oasis, where the oversized lot offers endless opportunities for entertaining, gardening, or future customization. Surrounded by mature trees and greenery, this property offers exceptional privacy along with ample parking and an attached double garage.Additional updates include a newer roof (2020) and furnace & A/C (2023), adding comfort and peace of mind. A rare opportunity to own a beautifully renovated home in the heart of Morrison, one of Oakville's most established luxury communities.
Estimate your monthly payments for this property
Estimated Payment
$12,199.56/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.
1518 Oakhill 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
Premium Pricing
At $1379/sqft, this property is priced above the Oakville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 36 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.
Bathroom Count Matters
With 3 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.