$759,000 - 1532 Lancaster Drive Unit 41, Oakville
Condo for Sale in Oakville
37 days on market- MLS Number
- W13116404
- Property Type
- Condo
- Status
- active
- Days on Site
- 37
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Oakville
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RE/MAX ABOUTOWNE REALTY CORP.
JUST MOVE IN and Enjoy this Fully Renovated 3 bedroom townhouse in the Heart of Oakville! Modern renovated kitchen with stylish backsplash, tile flooring and brand new appliances, complemented by new laminate flooring in all of the house, new baseboards, doors, fresh paint throughout, brand new front entry and garage doors, and numerous updates completed from top to bottom. Functional open-concept main floor layout ideal for family living and entertaining. Spacious primary bedroom easily accommodates a king-size bed with additional space for a home office or sitting area, while two additional bedrooms comfortably fit queen-size beds. The new owners could potentially add 2 pc bathroom on the main floor, with management approval. Fully finished renovated basement with waterproof laminate, offers versatile space ideal for a playroom, media room, gym, or recreation area. Driveway parking for 2 cars. Excellent Oakville location within walking distance to medical offices, shopping, and restaurants, and just minutes to QEW, 403, Sheridan College, and downtown Oakville.
Estimate your monthly payments for this property
Estimated Payment
$3,894.06/mo
Includes CMHC insurance ($21,176)
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.
1532 Lancaster Drive Unit 41, 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 $633/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 37 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.
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 $3,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.