$1,549,000 - 505 Heath Street, Oakville
Single Family Home for Sale in Oakville
- MLS Number
- W12746004
- Property Type
- Single Family Home
- Status
- active
- Days on Site
- 29
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- BAY STREET GROUP INC.
Discover your sanctuary in this exquisite 4-bedroom 2 car garage detached house located in the Well Sought After River Oaks community of Oakville, renowned for its top-rated schools. This stunning residence offers over 3,000 square feet of elegant living space on a beautifully landscaped lot, perfect for families seeking luxury and comfort. Open-concept design with 9ft Ceiling on Main floor, great foyer, large windows with abundant natural light, loads of pot lights. Spacious family room boasts Custom B/I Shelves and a gas fireplace for a warm and inviting atmosphere. Gourmet Kitchen with S/S appliances, quartz countertop and eat-in kitchen area. Walk out to back yard oasis with Pergola! Hardwood flooring throughout. Main floor laundry, Mud Rm with Access To Garage. Great master bedroom with 5pc ensuites and W/I closet. Finished basement with ample space for relaxation, storage and entertainment. Steps to shopping centers, restaurants, located in park heaven, close to trails, major highways 403/407, hospital and top schools. Your family's perfect home awaits!
Estimate your monthly payments for this property
Estimated Payment
$6,851.75/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.
505 Heath Street, Oakville
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 25+ years of GTA real estate experience
Competitive Pricing
At $775/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 29 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.
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.
Bathroom Count Matters
With 4 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.
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 $6,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.