$789,000 - 50 Old Mill Road Unit 301, Oakville
Condo for Sale in Oakville
39 days on market- MLS Number
- W13084884
- Property Type
- Condo
- Status
- active
- Days on Site
- 39
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Oakville
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX Escarpment Realty Inc., Brokerage
This offering is a superb opportunity to own a Fabulous Two Bedroom, preferred split bedroom floor plan Suite, at Oakridge Heights in desirable Old Oakville. This location is where lifestyle abounds, steps to the GO/Via Station, a short stroll to Olde Oakville Market Place, with easy access to highways and picturesque downtown Oakville. There are two private balconies with three access points from the suite, both balconies with unobstructed south and east views of Sixteen Mile Creek, lined with woods and trees displaying a symphony of colours in the changing seasons. The balconies are a perfect place to enjoy your morning cup of coffee and for quiet evenings reading your book. This suite has had numerous recent Board approved updates. These include and are not limited to modifying the floor plan to create a warm and inviting front hall entrance and a more functional eat in kitchen. The floors in the living/dining room and bedrooms are carpet free and have new high durability "Ultra-wood" Melrose Oak, Torlys flooring. Wake up to the morning sun in the principal bedroom complete with a generous walk in closet with organizational shelving. The stunning new principal bedroom Ensuite is a 5 piece bathroom, complete with white quartz and a double sinked oak vanity, a separate shower, a tranquil soaker tub, using gorgeous Soho white tiles for the surround and Moen fixtures. The trending floor tiling from the renovated Ensuite was coordinated and installed in the laundry room as well. The charming second bedroom has a large closet with mirrored doors and easy access to another 4 piece bathroom. After all of the renovations were completed in this 1137 square foot suite it was fully painted in a Benjamin Moore light and bright, designer white, colour. This suite is for the Discerning Buyer who values Lifestyle and Craftsmanship with "Lock and Go" ease. Move in and Enjoy!
Estimate your monthly payments for this property
Estimated Payment
$4,047.98/mo
Includes CMHC insurance ($22,013)
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.
50 Old Mill Road Unit 301, 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 $789/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.
Market Position
At 39 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $3,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.