283 Spruce Street, Oakville

Price: $1,730,000

4 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: W12949948

Welcome to 283 Spruce Street in the heart of Old Oakville, a charming 4-bedroom, 2-bathroom family home set on a prime 51 x 132 ft lot surrounded by mature landscaping and stunning gardens. This well-maintained home showcases true pride of ownership throughout. In the summer months, enjoy your own backyard oasis complete with lush greenery and raspberry bushes-perfect for outdoor enjoyment and entertaining. This thoughtfully designed home offers a functional layout ideal for family living. The quaint kitchen overlooks the backyard, while the open-concept living and dining areas provide a warm and inviting space for gatherings and everyday living. Hardwood flooring runs throughout the home, including beneath the carpet in the primary bedroom, which also features a versatile sitting area with potential to be converted into a private ensuite. The additional bedrooms are generously sized, each offering double closets for ample storage. Freshly painted throughout, the home is move-in ready while still offering opportunity to personalize. The finished basement features a spacious recreation room, perfect for family activities or entertaining, along with a dedicated workshop area complete with workbench and desk included. The basement has also been updated with replaced clay piping, providing added peace of mind. Additional highlights include a single car garage with convenient inside entry and direct access to the backyard. Located on a quiet, tree-lined street just steps to downtown Oakville, the lake, parks, and top-rated schools, this is a rare opportunity to own a property in one of Oakville's most prestigious and established neighbourhoods.

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New Listing
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$1,730,000 - 283 Spruce Street, Oakville

Detached for Sale in Oakville

New — Listed 3 days ago
4Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
W12949948
Property Type
Detached
Status
active
Days on Site
3
Bedrooms
4
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Oakville
Listing Brokerage
Re/Max Hallmark Alliance Realty
Description

Welcome to 283 Spruce Street in the heart of Old Oakville, a charming 4-bedroom, 2-bathroom family home set on a prime 51 x 132 ft lot surrounded by mature landscaping and stunning gardens. This well-maintained home showcases true pride of ownership throughout. In the summer months, enjoy your own backyard oasis complete with lush greenery and raspberry bushes-perfect for outdoor enjoyment and entertaining. This thoughtfully designed home offers a functional layout ideal for family living. The quaint kitchen overlooks the backyard, while the open-concept living and dining areas provide a warm and inviting space for gatherings and everyday living. Hardwood flooring runs throughout the home, including beneath the carpet in the primary bedroom, which also features a versatile sitting area with potential to be converted into a private ensuite. The additional bedrooms are generously sized, each offering double closets for ample storage. Freshly painted throughout, the home is move-in ready while still offering opportunity to personalize. The finished basement features a spacious recreation room, perfect for family activities or entertaining, along with a dedicated workshop area complete with workbench and desk included. The basement has also been updated with replaced clay piping, providing added peace of mind. Additional highlights include a single car garage with convenient inside entry and direct access to the backyard. Located on a quiet, tree-lined street just steps to downtown Oakville, the lake, parks, and top-rated schools, this is a rare opportunity to own a property in one of Oakville's most prestigious and established neighbourhoods.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$7,652.37/mo

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5-yr fixed avg.

Principal: $1,384,000Interest: $911,712
Mortgage Amount$1,384,000
Total Interest$911,712
Est. Property Tax$1,225/mo
Total Cost$2,295,712

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

283 Spruce Street, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
1.1%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$1,225
Insurance (est.)-$360
Net Cash Flow+$1,615

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 25+ years of GTA real estate experience

Premium Pricing

At $1153/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.

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 $7,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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