$1,650,000 - 289 Spruce Street, Oakville
Single Family Home for Sale in Oakville
31 days on market- MLS Number
- W12679438
- Property Type
- Single Family Home
- Status
- active
- Days on Site
- 31
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- EXP REALTY
Step inside this heritage home and feel the unmistakable charm of Old Oakville-warm, character-filled, and full of possibility. With nearly 2600 sq. ft. of thoughtfully preserved total space, this 3-bedroom residence offers not only history and lifestyle, but also an exceptional foundation for those who want to infuse their own design vision over time. The main floor centres around a spacious and inviting foyer/vestibule, setting a graceful tone for the home. Just beyond, the parlour/living room features a wood-burning fireplace framed by built-in bookcases, creating a warm, intimate space ideal for reading, conversation, or quiet evenings by the fire. It is a true reflection of the home's period craftsmanship. The layout then transitions into a combined living and dining room, an elegant, sunlit space anchored by a second fireplace. Multiple windows bring in natural light, while the walkout to the backyard extends everyday living into the garden. The kitchen, small but full of charm, includes a breakfast bar and efficient layout suited for modern daily routines. A main floor 3-piece bath adds welcome convenience-an uncommon advantage in a home of this vintage. Upstairs, three comfortable bedrooms provide peaceful retreat, each offering its own character and bright, airy ambiance thanks to the home's generous window count. Outdoors, the yard unfolds into a lush, mature garden-a true plant lover's paradise. Thoughtful plantings, natural privacy, and seasonal colour create a tranquil backdrop. This home is perfect for buyers who value authenticity and appreciate the opportunity of living in one of Oakville's most storied neighbourhoods. Warm, welcoming, and rich in character, it offers a lifestyle built on history, charm, and community. It invites you to honour its history while making it distinctly your own.
Estimate your monthly payments for this property
Estimated Payment
$7,298.51/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.
289 Spruce Street, 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 25+ years of GTA real estate experience
Fair Market Value
At $1100/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 31 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.
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 $6,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.