$949,900 - 2470 Prince Michael Drive Unit 703, Oakville
Condo for Sale in Oakville
39 days on market- MLS Number
- W13063176
- Property Type
- Condo
- Status
- active
- Days on Site
- 39
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Oakville
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- LPT REALTY
Step into Elevated Living with this Stunning 7th-floor Sub-Penthouse in the Highly desirable Joshua Creek community. Offering a Generous 2-Bedroom + Den layout and 2 Full Bathrooms, this Bright and airy Suite is designed for both Comfort and Style. Soaring 10-foot Ceilings and Large Windows fill the space with natural Light, enhancing the Open-Concept Living and Dining area-perfect for Entertaining or Relaxing at home. The Modern Kitchen is equipped with sleek Stainless Steel Appliances and seamlessly connects to the main living space. Step outside to your Private Balcony and take in beautiful, Unobstructed views.This unit also includes 2 parking space's and a locker for added convenience. Enjoy Resort-style living with access to Premium building Amenities, including a 24-hour concierge, fully equipped Fitness centre, Indoor Pool, sauna, Theatre room, billiards lounge, and Party room. Ideally located near Top-rated schools, shopping, dining, and everyday essentials, with easy access to public transit and major highways-this is a rare opportunity to own a sophisticated home in one of the area's most sought-after neighbourhoods in Oakville.
Estimate your monthly payments for this property
Estimated Payment
$4,873.48/mo
Includes CMHC insurance ($26,502)
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.
2470 Prince Michael Drive Unit 703, 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 $950/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 39 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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 $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.