$2,450,000 - 2048 Elmhurst Avenue, Oakville
Detached for Sale in Oakville
New — Listed yesterday- MLS Number
- W13214040
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oakville
- Lot Size
- 14,962 sqft
- Listing Brokerage
- CENTURY 21 MILLER REAL ESTATE LTD.
Exceptional opportunity in one of Southeast Oakville's most coveted neighbourhoods. Situated on a magnificent 100' x 150' lot surrounded by mature trees, this property offers endless possibilities for renovation, expansion, or the construction of a new custom home.The property's impressive dimensions and sought-after RL1-0 zoning create an exceptional canvas for future plans. With zoning permitting up to 30% lot coverage, the site provides the opportunity to create a substantial custom residence. The existing residence has been lovingly maintained by the same owner for many years. The current home offers spacious principal rooms filled with natural light, multiple living areas, generous bedroom accommodations, and a detached garage. Whether you're looking to move in, renovate to suit your lifestyle, or design and build your dream home from the ground up, this property offers remarkable flexibility in an established neighbourhood. Ideally positioned within walking distance of some of Oakville's most highly regarded schools, parks, and the lake, while remaining just minutes from downtown Oakville's vibrant shops, restaurants, and waterfront. Large premium building lots of this size are becoming increasingly rare, making this an exceptional opportunity to secure a premier property in one of the town's most prestigious enclaves.
Estimate your monthly payments for this property
Estimated Payment
$10,837.18/mo
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.
2048 Elmhurst Avenue, 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
Premium Pricing
At $2227/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.
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.
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 $10,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.