$1,250,000 - 2198 DEVON Road, Oakville
Detached for Sale in Oakville
- MLS Number
- W13177668
- Property Type
- Detached
- Status
- active
- Days on Site
- 23
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
A rare opportunity in Eastlake, surrounded by towering trees in a coveted neighbourhood with favourable street positioning. Situated on a generous 78 x 115 ft lot in the heart of sought-after southeast Oakville, 2198 Devon Road presents an exceptional opportunity for builders, renovators, and visionary buyers alike. This 3+1 bedroom, 2-bath raised bungalow offers incredible potential in a neighbourhood defined by luxury custom homes and strong long-term value, making it ideal for redevelopment or a transformative renovation. Located within one of Oakville's most prestigious school catchments-including Maple Grove and E.J. James Public Schools and Oakville Trafalgar / Holy Trinity High Schools - the property combines lifestyle appeal with top-tier education, a key driver of demand in this coveted Eastlake pocket. Enjoy an abundance of parkland and recreational facilities. Properties on streets like this rarely come to market and offer endless potential for families looking to create their dream home. Convenient and easy access to schools, parks, arenas, Maple Grove Shopping Center, 5 minutes to beautiful Downtown Oakville, Lake Ontario, Clarkson GO Station, QEW/403/407.
Estimate your monthly payments for this property
Estimated Payment
$5,529.17/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.
2198 DEVON Road, 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
Fair Market Value
At $833/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 23 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Oakville. Good resale value as demand remains consistent.
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 $5,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.