$749,900 - 1520 Lancaster Drive Unit 137, Oakville
Condo for Sale in Oakville
141 days on market- MLS Number
- W12662388
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Oakville
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
RENOVATED TOWNHOME IN DESIRABLE FALGARWOOD! MOVE-IN READY! Discover modern comfort and everyday convenience in this beautifully renovated three bedroom, two bathroom condominium townhome, ideally situated in one of Oakville's most established family-friendly neighbourhoods. Walk to Sheridan Public School, Holy Family Catholic Elementary, Falgarwood Public School, nearby parks, and Upper Oakville Shopping Centre. Designed with today's lifestyle in mind, the open concept main level features a bright living and dining area with a French door walkout to the backyard. The stylish kitchen boasts quartz countertops, subway tile backsplash, stainless steel appliances, LED valance lighting, and abundant cabinetry - perfect for everyday meals and entertaining. Upstairs, the primary bedroom with a walk-in closet is accompanied by two additional bedrooms and a spa-inspired four-piece bathroom. The finished lower level adds valuable living space with a spacious recreation room, three-piece bathroom, and convenient laundry/storage area. Thoughtful upgrades throughout include slimline pot lights, California shutters, laminate flooring, updated interior doors and trim, and renovated kitchen and bathrooms - creating a fresh, contemporary feel from top to bottom. The fully fenced backyard offers a private, low-maintenance space ideal for kids and pets. The monthly condominium fee of $475 covers building insurance, common elements, backyard grass cutting, driveway snow removal, and parking. Residents enjoy a well-maintained complex with mature greenspace and a children's playground. Close to Sheridan College, Oakville Place, Iroquois Ridge Community Centre, shopping, dining, public transit, and major highways, this home delivers an exceptional blend of location, lifestyle, and value. (some images contain virtual staging)
Estimate your monthly payments for this property
Estimated Payment
$3,847.38/mo
Includes CMHC insurance ($20,922)
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.
1520 Lancaster Drive Unit 137, Oakville
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $625/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.
Negotiation Opportunity
At 141 days on site, this property has exceeded the typical selling timeline for Oakville. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Investment Perspective
Looking at this as an investment: Oakville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,125 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.