478 Avon Crescent, Oakville

Price: $1,499,000

5 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: W12936122

Fabulous opportunity in highly-desirable Morrison area of SouthEast Oakville. Situated on a 9,009 sqft lot on a gorgeous street, this bungalow is ideal for renovation or building your dream home. The irregular shaped lot is approximately 107.85ft x 43.20ft x 24.08ft x 125.20ft x 97.33ft, with RL3-0 zoning. The main floor has a formal dining room, kitchen with centre island and breakfast bar that opens to the spacious living room with gas fireplace and walk-out to the back deck. There are also 3 bedrooms on this level (one is currently used as a closet) all with hardwood floors, and a 4pc main bath. The basement is finished with a rec room, bar, 2 bedrooms, 3pc bath, laundry room and large utility room. There is a detached garage and parking for 4 cars in the double driveway. The backyard has a wood deck and natural gas hookup for the BBQ. Don't miss your chance to live in one of Oakville's most sought-after neighbourhoods close to top-rated schools, parks, Lake Ontario and more.

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active
New Listing
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$1,499,000 - 478 Avon Crescent, Oakville

Detached for Sale in Oakville

New — Listed 6 days ago
5Beds
2Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
W12936122
Property Type
Detached
Status
active
Days on Site
6
Bedrooms
5
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Oakville
Lot Size
9,009 sqft
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Description

Fabulous opportunity in highly-desirable Morrison area of SouthEast Oakville. Situated on a 9,009 sqft lot on a gorgeous street, this bungalow is ideal for renovation or building your dream home. The irregular shaped lot is approximately 107.85ft x 43.20ft x 24.08ft x 125.20ft x 97.33ft, with RL3-0 zoning. The main floor has a formal dining room, kitchen with centre island and breakfast bar that opens to the spacious living room with gas fireplace and walk-out to the back deck. There are also 3 bedrooms on this level (one is currently used as a closet) all with hardwood floors, and a 4pc main bath. The basement is finished with a rec room, bar, 2 bedrooms, 3pc bath, laundry room and large utility room. There is a detached garage and parking for 4 cars in the double driveway. The backyard has a wood deck and natural gas hookup for the BBQ. Don't miss your chance to live in one of Oakville's most sought-after neighbourhoods close to top-rated schools, parks, Lake Ontario and more.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,630.58/mo

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5-yr fixed avg.

Principal: $1,199,200Interest: $789,975
Mortgage Amount$1,199,200
Total Interest$789,975
Est. Property Tax$1,062/mo
Total Cost$1,989,175

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

478 Avon Crescent, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
1.8%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$1,062
Insurance (est.)-$312
Net Cash Flow+$2,226

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

Premium Pricing

At $1363/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.

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.

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.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Oakville.

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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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