402 Willis Drive, Oakville

Price: $1,349,000

4 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: W12787312

Welcome to a rare opportunity in one of Oakville's most sought-after neighbourhoods. Whether you're looking for a beautifully maintained home to move right into and make your own, or the perfect property to build your dream home, this address is one you won't want to miss. Nestled on a quiet, tree-lined street just minutes to top-rated schools, parks, recreation centres and downtown Oakville, this well-loved home is filled with warmth and character throughout. A professionally built in-law suite with a separate entrance offers incredible versatility-ideal for extended family, guests, or potential rental income. The unique corner lot opens the door to creative design and build possibilities for those considering future development. Outside, the gorgeous gardens create an inviting oasis, while the 1.5-car detached garage and parking for up to 5 vehicles provide ample space for family and visitors. Don't miss this exceptional opportunity to own in an outstanding location with endless potential.

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$1,349,000 - 402 Willis Drive, Oakville

Detached for Sale in Oakville

108 days on market
4Beds
2Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
W12787312
Property Type
Detached
Status
active
Days on Site
108
Bedrooms
4
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Oakville
Listing Brokerage
PSR
Description

Welcome to a rare opportunity in one of Oakville's most sought-after neighbourhoods. Whether you're looking for a beautifully maintained home to move right into and make your own, or the perfect property to build your dream home, this address is one you won't want to miss. Nestled on a quiet, tree-lined street just minutes to top-rated schools, parks, recreation centres and downtown Oakville, this well-loved home is filled with warmth and character throughout. A professionally built in-law suite with a separate entrance offers incredible versatility-ideal for extended family, guests, or potential rental income. The unique corner lot opens the door to creative design and build possibilities for those considering future development. Outside, the gorgeous gardens create an inviting oasis, while the 1.5-car detached garage and parking for up to 5 vehicles provide ample space for family and visitors. Don't miss this exceptional opportunity to own in an outstanding location with endless potential.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,967.08/mo

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5%20%50%

5-yr fixed avg.

Principal: $1,079,200Interest: $710,925
Mortgage Amount$1,079,200
Total Interest$710,925
Est. Property Tax$956/mo
Total Cost$1,790,125

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

402 Willis Drive, 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)
1.7%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$956
Insurance (est.)-$281
Net Cash Flow+$1,963

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1226/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.

Negotiation Opportunity

At 108 days on site, this property has exceeded the typical selling timeline for Oakville. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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 $5,621 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    402 Willis Drive, Oakville | $1,349,000 | Battaglia Team