$3,490/mo - 518 Terrace Way, Oakville
Townhouse for Rent in Oakville
86 days on market- MLS Number
- W12917588
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 86
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- HIGHLAND REALTY
Welcome to this beautifully maintained 2-storey townhome nestled in a quiet and private enclave in highly desirable North Oakville. This home offers the perfect combination of modern comfort, thoughtful upgrades, and a family-friendly layout. The main floor features 9-foot ceilings, pot lights, and large windows that fill the home with natural light. The inviting family room showcases a cozy gas fireplace and charming bay window, creating the perfect space for relaxing evenings or family gatherings. The upgraded kitchen is equipped with stainless steel appliances and generous counter space, seamlessly connected to the bright dining area with walk-out access to a fully fenced backyard, ideal for kids, pets, and outdoor entertaining. Upstairs, the spacious primary bedroom offers a walk-in closet and a luxurious ensuite complete with double sinks, a soaker tub, and a separate walk-in shower. Two additional bedrooms are generously sized with large closets and abundant natural light, perfect for growing families, home offices, or guest rooms. Located just minutes from Sixteen Mile Sports Complex, parks, grocery stores, restaurants, and Oakville Trafalgar Memorial Hospital, this home is also close to excellent schools and convenient transportation routes. A perfect opportunity for families looking for a move-in ready home in one of Oakville's most desirable and family-oriented communities.
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.
518 Terrace Way, Oakville
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $3,490/mo, this is in line with typical 3-bedroom rents in Oakville (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Negotiation Opportunity
At 86 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Oakville have shown strong appreciation as families seek more space.
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.