183 Westminster Drive, Oakville

Price: $1,980,000

3 bedrooms, 3 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: W12928798

Welcome to 183 Westminster Drive in highly desirable Southwest Oakville, set on a premium 75 x 150 ft corner lot surrounded by mature trees and just moments to the lake and Coronation Park. Offering incredible versatility, this property is move-in ready or presents an exceptional opportunity to build your dream home up to 4,162 sq ft. Beautifully appointed with a thoughtful design, the renovated main floor is perfectly suited for both family living and entertaining. The open-concept kitchen features a large centre island with additional seating, seamlessly overlooking the dining and living areas. Walk out from the dining room to a spacious multi-tiered back deck-ideal for summer gatherings-or unwind by the cozy wood-burning fireplace in the living room. The home offers three well-appointed bedrooms, Renovated Bathrooms and hardwood flooring throughout, creating a warm and cohesive feel. The finished basement provides additional living space with a second fireplace, perfect for family movie nights, along with extra storage in the crawl space. Step outside to enjoy your private backyard retreat, complete with a large multi-tiered deck, hot tub, and expansive green space-perfect for kids, pets, or outdoor entertaining. Whether it's hosting a BBQ, relaxing under the trees, or enjoying a game of soccer, this yard offers endless possibilities. Located in a quiet, family-friendly neighbourhood close to the lake, Coronation Park, and top-ranked schools, this is a rare opportunity to enjoy, invest, or build in one of Oakville's most sought-after communities.

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$1,980,000 - 183 Westminster Drive, Oakville

Detached for Sale in Oakville

3Beds
3Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
W12928798
Property Type
Detached
Status
active
Days on Site
19
Bedrooms
3
Bathrooms
3
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Oakville
Listing Brokerage
Re/Max Hallmark Alliance Realty
Description

Welcome to 183 Westminster Drive in highly desirable Southwest Oakville, set on a premium 75 x 150 ft corner lot surrounded by mature trees and just moments to the lake and Coronation Park. Offering incredible versatility, this property is move-in ready or presents an exceptional opportunity to build your dream home up to 4,162 sq ft. Beautifully appointed with a thoughtful design, the renovated main floor is perfectly suited for both family living and entertaining. The open-concept kitchen features a large centre island with additional seating, seamlessly overlooking the dining and living areas. Walk out from the dining room to a spacious multi-tiered back deck-ideal for summer gatherings-or unwind by the cozy wood-burning fireplace in the living room. The home offers three well-appointed bedrooms, Renovated Bathrooms and hardwood flooring throughout, creating a warm and cohesive feel. The finished basement provides additional living space with a second fireplace, perfect for family movie nights, along with extra storage in the crawl space. Step outside to enjoy your private backyard retreat, complete with a large multi-tiered deck, hot tub, and expansive green space-perfect for kids, pets, or outdoor entertaining. Whether it's hosting a BBQ, relaxing under the trees, or enjoying a game of soccer, this yard offers endless possibilities. Located in a quiet, family-friendly neighbourhood close to the lake, Coronation Park, and top-ranked schools, this is a rare opportunity to enjoy, invest, or build in one of Oakville's most sought-after communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,758.21/mo

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5-yr fixed avg.

Principal: $1,584,000Interest: $1,043,462
Mortgage Amount$1,584,000
Total Interest$1,043,462
Est. Property Tax$1,403/mo
Total Cost$2,627,462

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

183 Westminster Drive, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
0.6%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$1,403
Insurance (est.)-$413
Net Cash Flow+$984

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 30+ years of GTA real estate experience

Premium Pricing

At $1320/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 19 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.

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.

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