2031 Pen Street, Oakville

Price: $1,685,000

5 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: W13001900

Nestled within a highly sought-after, family-oriented neighbourhood, this tastefully updated residence offers nearly 4,000 square feet of beautifully appointed living space. The bright, open-concept main level is designed for both comfort and elegance, highlighted by a stunning picture window in the living room that floods the space with natural light. Rich hardwood floors flow seamlessly throughout, leading to a thoughtfully renovated kitchen featuring a spacious island, natural stone countertops, and premium built-in stainless steel appliances. A walkout extends to the private backyard-an ideal setting for entertaining, family gatherings, and outdoor dining.The home further boasts an expansive family room centered around a charming wood-burning fireplace, as well as a private office-perfectly suited for remote work or quiet study.Upstairs, four generously proportioned bedrooms provide ample accommodation for family and guests alike. The primary suite offers a large closet and a well-appointed ensuite, while the shared bathroom has been elegantly renovated with contemporary finishes.The lower level presents exceptional versatility, offering a variety of functional spaces tailored to suit any lifestyle. Highlights include an additional bedroom with a three-piece bathroom, a spacious recreation room, a dedicated gym area, and abundant storage.Outdoors, the fully fenced backyard is framed by mature trees and complemented by a patio, creating a serene and private retreat.Ideally situated near top-rated schools, scenic trails, parks, and with convenient access to the QEW and GO Station, this exceptional property represents the ultimate in family living. A/C New 2025.

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New Listing
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$1,685,000 - 2031 Pen Street, Oakville

Detached for Sale in Oakville

New — Listed yesterday
5Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
W13001900
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
5
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Oakville
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Description

Nestled within a highly sought-after, family-oriented neighbourhood, this tastefully updated residence offers nearly 4,000 square feet of beautifully appointed living space. The bright, open-concept main level is designed for both comfort and elegance, highlighted by a stunning picture window in the living room that floods the space with natural light. Rich hardwood floors flow seamlessly throughout, leading to a thoughtfully renovated kitchen featuring a spacious island, natural stone countertops, and premium built-in stainless steel appliances. A walkout extends to the private backyard-an ideal setting for entertaining, family gatherings, and outdoor dining.The home further boasts an expansive family room centered around a charming wood-burning fireplace, as well as a private office-perfectly suited for remote work or quiet study.Upstairs, four generously proportioned bedrooms provide ample accommodation for family and guests alike. The primary suite offers a large closet and a well-appointed ensuite, while the shared bathroom has been elegantly renovated with contemporary finishes.The lower level presents exceptional versatility, offering a variety of functional spaces tailored to suit any lifestyle. Highlights include an additional bedroom with a three-piece bathroom, a spacious recreation room, a dedicated gym area, and abundant storage.Outdoors, the fully fenced backyard is framed by mature trees and complemented by a patio, creating a serene and private retreat.Ideally situated near top-rated schools, scenic trails, parks, and with convenient access to the QEW and GO Station, this exceptional property represents the ultimate in family living. A/C New 2025.

Mortgage Calculator

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Estimated Payment

$7,453.32/mo

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5-yr fixed avg.

Principal: $1,348,000Interest: $887,997
Mortgage Amount$1,348,000
Total Interest$887,997
Est. Property Tax$1,194/mo
Total Cost$2,235,997

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

2031 Pen Street, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,950/mo
Range: $3,358 - $4,543
Cap Rate (ROI)
1.7%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$1,194
Insurance (est.)-$351
Net Cash Flow+$2,405

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

Competitive Pricing

At $674/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Oakville's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

Excellent Flexibility

With 5 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 4 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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