$989,080 - 163 Ross Lane, Oakville
Semi-Detached for Sale in Oakville
32 days on market- MLS Number
- W12652848
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 32
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- Real Broker Ontario Ltd.
Welcome to this charming 3-bedroom semi-detached home on a quiet, family-friendly street in sought-after River Oaks. Set on a rare 53 x 198 ft private lot. The main floor features a bright living and dining area with hardwood floors, and a renovated kitchen with granite countertops, a stylish backsplash, plenty of cabinetry, and a handy pull-out pantry. Beautiful patio doors lead to the expansive backyard-a true retreat with a gorgeous gazebo with waterproof curtains, and mature trees. Upstairs, you'll find 3 well-sized bedrooms and an updated 4-piece bathroom. The partially finished basement includes an updated powder room, laundry area, and lots of storage. Recent updates include new carpet (2025) on the stairs and upper level, plus a new front door (2025). The garage provides inside entry and a rear door with direct access to the backyard. Parking for up to 5 cars! Driveway made of aggregate concrete. This home is close to top-rated schools including River Oaks Public, White Oaks Secondary, Rotherglen, and several more, as well as parks, trails, and recreation centers. A perfect blend of convenience and community in a mature neighbourhood-don't miss this exceptional River Oaks gem!
Estimate your monthly payments for this property
Estimated Payment
$5,074.49/mo
Includes CMHC insurance ($27,595)
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.
163 Ross Lane, 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 25+ years of GTA real estate experience
Fair Market Value
At $899/sqft, this property is priced in line with current Oakville market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
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.
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 $4,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.