345 Wheat Boom Drive Unit 505, Oakville

Price: $419,900

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: W12934296

Discover 505-345 Wheat Broom Drive, a thoughtfully designed one-bedroom, one bathroom condominium situated in the highly sought-after North Oakville neighbourhood. Located within the modern and well-established Minto Oakvillage community, this residence offers a seamless blend of contemporary style and everyday comfort. The open-concept layout is enhanced by upgraded finishes, including stylish flooring throughout. The kitchen is both functional and elegant, featuring full-size stainless steel appliances, premium cabinetry, and sleek quartz countertops-ideal for both daily living and entertaining. Additional highlights include an underground parking space, providing secure and convenient vehicle storage. Ideally positioned, the property offers easy access to major roadways, public transit, and the Go Station. Residents will also appreciate the close proximity to top-rated schools, Trafalgar Memorial Hospital, scenic parks, walking trails, and a variety of faith centres. Perfect for first-time buyers, downsizers, or investors, this condo represents and exceptional opportunity to own in one of Oakville's most desirable communities.

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$419,900 - 345 Wheat Boom Drive Unit 505, Oakville

Condo for Sale in Oakville

New — Listed 6 days ago
1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
W12934296
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Oakville
Locker
None
Exposure
West
Balcony
Juliette
Listing Brokerage
INTERCITY REALTY INC.
Description

Discover 505-345 Wheat Broom Drive, a thoughtfully designed one-bedroom, one bathroom condominium situated in the highly sought-after North Oakville neighbourhood. Located within the modern and well-established Minto Oakvillage community, this residence offers a seamless blend of contemporary style and everyday comfort. The open-concept layout is enhanced by upgraded finishes, including stylish flooring throughout. The kitchen is both functional and elegant, featuring full-size stainless steel appliances, premium cabinetry, and sleek quartz countertops-ideal for both daily living and entertaining. Additional highlights include an underground parking space, providing secure and convenient vehicle storage. Ideally positioned, the property offers easy access to major roadways, public transit, and the Go Station. Residents will also appreciate the close proximity to top-rated schools, Trafalgar Memorial Hospital, scenic parks, walking trails, and a variety of faith centres. Perfect for first-time buyers, downsizers, or investors, this condo represents and exceptional opportunity to own in one of Oakville's most desirable communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,154.30/mo

Includes CMHC insurance ($11,715)

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5-yr fixed avg.

Principal: $377,910Interest: $256,666
Mortgage Amount$389,625
Total Interest$256,666
Est. Property Tax$297/mo
Total Cost$646,291

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

345 Wheat Boom Drive Unit 505, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$297
Insurance (est.)-$87
Net Cash Flow+$1,091

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

Fair Market Value

At $840/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.

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.

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.

Efficient Living

At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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.

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.

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