$1,799,000 - 463 Drummond Road, Oakville
Detached for Sale in Oakville
138 days on market- MLS Number
- W12373051
- Property Type
- Detached
- Status
- active
- Days on Site
- 138
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oakville
- Lot Size
- 7,815 sqft
- Listing Brokerage
- Re/Max Hallmark Alliance Realty
Nestled in the heart of one of Oakville's most coveted communities Morrison, this well-maintained bungalow sits on a mature, private property with a backyard oasis featuring a pool and deck, perfect for family living or entertaining. Surrounded by multi-million-dollar homes, this property offers a rare chance to build your dream residence. Architectural plans are already prepared for a stunning 3,500 sq.ft. above-grade home with an additional 1,600+ sq.ft. lower level, with flexibility for buyers to add their personal touches.The existing home is freshly painted and move-in ready, showcasing wainscoting, pot lights, hardwood floors, stainless steel appliances, and a cozy fireplace. This immaculate family residence enjoys an unbeatable location within walking distance to top-rated schools including EJ James, St. Vincent, New Central, Oakville Trafalgar Secondary, Linbrook, and St. Mildreds. Minutes from the lake, downtown Oakville, trails, parks, shopping, restaurants, transit, and the QEW, this quiet, family-friendly neighbourhood provides both convenience and prestige. Whether you're seeking a comfortable home to enjoy today or a prime lot to create a legacy estate, this property is a rare offering in South East Oakville. New surveys&drawings available upon request.
Estimate your monthly payments for this property
Estimated Payment
$7,957.58/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.
463 Drummond Road, 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
Premium Pricing
At $1635/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 138 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.