1586 Heritage Way, Oakville

Price: $2,148,888

6 bedrooms, 5 bathrooms

3,500 sq ft

Property Type: Single Family Home

MLS#: W12675400

Showcasing inviting, comfortable family living, this executive Mattamy (Oxford model)home built in 1989 has been transformed into a sophisticated sanctuary. With 6 bedrooms & 4 full bathrooms upstairs including 2 spacious primary bedrooms with spa-inspired ensuites, this home balances style & function. Solid hardwood flows throughout complemented by smooth ceilings, designer trim, baseboards & contemporary door hardware, creating a cohesive, high-end finish. A major renovation in 2018 (kitchen, laundry, powder room) provides a fresh, updated living space perfect for entertaining. The heart of the home is the stunning chef-inspired kitchen where design meets practicality. A massive 13' banquette invites family & friends to gather while the oversized island with Cambria quartz countertops anchors the space. High-end appliances-Sub-Zero fridge, 36" AGA dual fuel range, Miele dishwasher, wine fridge plus pull-out pantry & spice cabinets make cooking effortless. Sliding doors & large bay window flood the space with light. A cozy family room with wood-burning fireplace & wainscoting offers a warm retreat while a separate dining room & main-floor office/den provide versatile living spaces. Upstairs all 6 bedrooms feature hardwood & custom closet organizers. The 5-piece primary ensuite dazzles with heated floors, a spa-style shower with rain head & body jets plus soaker tub. The unfinished basement provides a blank canvas for customization-home gym, media room,etc. Set on an oversized corner lot measuring 72' across the back, the outdoor space is family's dream-saltwater pool with waterfall & slide, stone patio & BBQ area, unique 2-storey playhouse & cabana, plus a grass area perfect for children & pets. Located in the highly sought-after Glen Abbey community with top-ranked schools, parks, trails, community center, shopping, GO transit & highways nearby, this residence offers the ultimate blend of style, space & location-a rare Oakville treasure designed for today's family

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$2,148,888 - 1586 Heritage Way, Oakville

Single Family Home for Sale in Oakville

32 days on market
6Beds
5Baths
3,500Sq Ft
Single Family Home
Property Details
MLS Number
W12675400
Property Type
Single Family Home
Status
active
Days on Site
32
Bedrooms
6
Bathrooms
5
Square Feet
3,500 sqft
Neighbourhood
Oakville
Listing Brokerage
RE/MAX ABOUTOWNE REALTY CORP.
Description

Showcasing inviting, comfortable family living, this executive Mattamy (Oxford model)home built in 1989 has been transformed into a sophisticated sanctuary. With 6 bedrooms & 4 full bathrooms upstairs including 2 spacious primary bedrooms with spa-inspired ensuites, this home balances style & function. Solid hardwood flows throughout complemented by smooth ceilings, designer trim, baseboards & contemporary door hardware, creating a cohesive, high-end finish. A major renovation in 2018 (kitchen, laundry, powder room) provides a fresh, updated living space perfect for entertaining. The heart of the home is the stunning chef-inspired kitchen where design meets practicality. A massive 13' banquette invites family & friends to gather while the oversized island with Cambria quartz countertops anchors the space. High-end appliances-Sub-Zero fridge, 36" AGA dual fuel range, Miele dishwasher, wine fridge plus pull-out pantry & spice cabinets make cooking effortless. Sliding doors & large bay window flood the space with light. A cozy family room with wood-burning fireplace & wainscoting offers a warm retreat while a separate dining room & main-floor office/den provide versatile living spaces. Upstairs all 6 bedrooms feature hardwood & custom closet organizers. The 5-piece primary ensuite dazzles with heated floors, a spa-style shower with rain head & body jets plus soaker tub. The unfinished basement provides a blank canvas for customization-home gym, media room,etc. Set on an oversized corner lot measuring 72' across the back, the outdoor space is family's dream-saltwater pool with waterfall & slide, stone patio & BBQ area, unique 2-storey playhouse & cabana, plus a grass area perfect for children & pets. Located in the highly sought-after Glen Abbey community with top-ranked schools, parks, trails, community center, shopping, GO transit & highways nearby, this residence offers the ultimate blend of style, space & location-a rare Oakville treasure designed for today's family

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Estimated Payment

$9,505.25/mo

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5-yr fixed avg.

Principal: $1,719,110Interest: $1,132,466
Mortgage Amount$1,719,110
Total Interest$1,132,466
Est. Property Tax$1,522/mo
Total Cost$2,851,576

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.

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Neighbourhood Guide: Oakville

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

Oakville Trafalgar High SchoolPublic High School
Iroquois Ridge High SchoolPublic High School
Holy Trinity Catholic Secondary SchoolCatholic High School
Abbey Park High SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

1586 Heritage Way, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,850/mo
Range: $4,123 - $5,578
Cap Rate (ROI)
1.6%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,850
Maintenance Fees-$0
Property Tax (est.)-$1,522
Insurance (est.)-$448
Net Cash Flow+$2,880

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $614/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 32 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.

Larger Home Realities

At 3,500 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.

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.

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