$540,000 - 40 Old Mill Road Unit 703, Oakville
Condo for Sale in Oakville
New — Listed 4 days ago- MLS Number
- W13245990
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Oakville
- Locker
- Exclusive
- Exposure
- North West
- Balcony
- Juliette
- Listing Brokerage
- RIGHT AT HOME REALTY
Steps to GO Station & Lake Ontario, Welcome to Unit 703 at 40 Old Mill Road, a beautifully upgraded 1-bedroom plus den condo available for lease in the prestigious Oakridge Heights community in South Oakville. Ideally located just a 10-minute walk from Downtown Oakville, the Lake Ontario waterfront, and the Oakville GO Station, this spacious suite offers approximately 820 square feet of refined living space with upscale finishes and tranquil views.The modern, open-concept kitchen features granite countertops, a breakfast bar, under-cabinet lighting, and a double stainless-steel sink, perfect for both everyday use and entertaining. The living and dining areas are enhanced by hardwood floors, 9-foot ceilings, crown molding, and a built-in gas fireplace set against a custom stone accent wall. Floor-to-ceiling windows and a Juliet balcony bring in natural light and provide beautiful sunset views.The large primary bedroom offers brand new laminate flooring, a walk-in closet, and a second mirrored double closet. A spacious den, currently used as a second bedroom, makes an ideal home office or private dining area. The elegant bathroom includes a Jacuzzi tub and a separate glass shower. Additional features include in-suite laundry, excellent storage, and underground parking with a private locker. This well-maintained and secure building offers 24-hour gatehouse security, an indoor swimming pool, fitness centre, renovated party room, outdoor BBQ area, and plenty of visitor parking. The location is unbeatable within walking distance to Whole Foods, Starbucks, Shoppers Drug Mart, and all the shops and restaurants in Kerr Village and Old Oakville. With quick access to the QEW, public transit, scenic parks, and top-rated schools, this condo offers a convenient and comfortable lifestyle in one of Oakville's most desirable communities. Enjoy Indoor pool and world class Building amenities
Estimate your monthly payments for this property
Estimated Payment
$2,770.48/mo
Includes CMHC insurance ($15,066)
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.
40 Old Mill Road 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
Competitive Pricing
At $675/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.
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 800 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.
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 $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.