2361 Rideau Drive, Oakville

Price: $2,299,000

4 bedrooms, 4 bathrooms

3,500 - 3,999 sqft

Property Type: Detached

MLS#: W12981064

5 Elite Picks! Here Are 5 Reasons To Make This Home Your Own: 1. Stunning Gourmet Kitchen Boasting Centre Island with Breakfast Bar, Granite Countertops, Stainless Steel Appliances & Bright Breakfast Area with 8' Patio Door W/O to Upper Deck! 2. Spacious Principal Rooms... Impressive 2-Storey Family Room Featuring Pot Lights, Gas Fireplace & 2-Storey Windows, Plus Formal Dining Room with Pass-Thru to Separate Living Room, and Stunning Office/Den with Oversized Arched Windows! 3. Generous 2nd Level with 4 Good-Sized Bedrooms & 3 Full Baths, with 2nd Bedroom Featuring Semi-Ensuite Access to 4pc Main Bath - and the 3rd & 4th Bedrooms Enjoying Access to Shared 4pc Semi-Ensuite! 4. Double Door Entry to Oversized Primary Bedroom Suite Boasting His & Hers W/I Closets & Luxurious 5pc Ensuite with Double Vanity, Large Soaker Tub & Oversized Glass-Enclosed Shower. 5. Additional 1,711 Sq.Ft. of Space in the Partially Finished W/O Basement (with 9'11 High Ceilings!) Boasting Finished Rec Room Area with Large Windows, Plus Fantastic Potential with the Huge Unfinished Area with W/O to Patio Area... Just Waiting for Your Design Ideas & Finishing Touches - Complete with Ample Storage & R/I for Bath! All This & More!! Elegant Hardwood Staircase with Floating Steps & Wrought Iron Railings. Modern 2pc Powder Room & Laundry/Mud Room (with Access to Garage) Complete the Main Level. 3,648 Sq.Ft. of A/G Living Space! Updated Hdwd Flooring & California Shutters Thru 2nd Level. Bright & Airy Home with Large Windows Thruout! Oversized Concrete Driveway with Room for 4+ Cars. Lovely Backyard with Generous Concrete Patio Area. Fabulous Location in Desirable Joshua Creek Community Just Minutes from Many Parks & Trails, Top-Rated Schools, Rec Centre, Restaurants, Shopping & Amenities, Plus Easy Hwy Access. New Dishwasher '26, New Furnace, Humidifier & A/C '24, New Garage Doors '21, Updated Shingles '18

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delisted
1/50

$2,299,000 - 2361 Rideau Drive, Oakville

Detached for Sale in Oakville

4Beds
4Baths
3,500 - 3,999Sq Ft
Detached
Property Details
MLS Number
W12981064
Property Type
Detached
Status
delisted
Days on Site
20
Bedrooms
4
Bathrooms
4
Square Feet
3,500 - 3,999 sqft
Neighbourhood
Oakville
Listing Brokerage
REAL ONE REALTY INC.
Description

5 Elite Picks! Here Are 5 Reasons To Make This Home Your Own: 1. Stunning Gourmet Kitchen Boasting Centre Island with Breakfast Bar, Granite Countertops, Stainless Steel Appliances & Bright Breakfast Area with 8' Patio Door W/O to Upper Deck! 2. Spacious Principal Rooms... Impressive 2-Storey Family Room Featuring Pot Lights, Gas Fireplace & 2-Storey Windows, Plus Formal Dining Room with Pass-Thru to Separate Living Room, and Stunning Office/Den with Oversized Arched Windows! 3. Generous 2nd Level with 4 Good-Sized Bedrooms & 3 Full Baths, with 2nd Bedroom Featuring Semi-Ensuite Access to 4pc Main Bath - and the 3rd & 4th Bedrooms Enjoying Access to Shared 4pc Semi-Ensuite! 4. Double Door Entry to Oversized Primary Bedroom Suite Boasting His & Hers W/I Closets & Luxurious 5pc Ensuite with Double Vanity, Large Soaker Tub & Oversized Glass-Enclosed Shower. 5. Additional 1,711 Sq.Ft. of Space in the Partially Finished W/O Basement (with 9'11 High Ceilings!) Boasting Finished Rec Room Area with Large Windows, Plus Fantastic Potential with the Huge Unfinished Area with W/O to Patio Area... Just Waiting for Your Design Ideas & Finishing Touches - Complete with Ample Storage & R/I for Bath! All This & More!! Elegant Hardwood Staircase with Floating Steps & Wrought Iron Railings. Modern 2pc Powder Room & Laundry/Mud Room (with Access to Garage) Complete the Main Level. 3,648 Sq.Ft. of A/G Living Space! Updated Hdwd Flooring & California Shutters Thru 2nd Level. Bright & Airy Home with Large Windows Thruout! Oversized Concrete Driveway with Room for 4+ Cars. Lovely Backyard with Generous Concrete Patio Area. Fabulous Location in Desirable Joshua Creek Community Just Minutes from Many Parks & Trails, Top-Rated Schools, Rec Centre, Restaurants, Shopping & Amenities, Plus Easy Hwy Access. New Dishwasher '26, New Furnace, Humidifier & A/C '24, New Garage Doors '21, Updated Shingles '18

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$10,169.25/mo

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5-yr fixed avg.

Principal: $1,839,200Interest: $1,211,576
Mortgage Amount$1,839,200
Total Interest$1,211,576
Est. Property Tax$1,628/mo
Total Cost$3,050,776

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

2361 Rideau Drive, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,050/mo
Range: $3,443 - $4,658
Cap Rate (ROI)
1.0%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,050
Maintenance Fees-$0
Property Tax (est.)-$1,628
Insurance (est.)-$479
Net Cash Flow+$1,943

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $657/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.

Market Position

At 20 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.

Larger Home Realities

At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

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.

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.

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