$564,900 - 55 Speers Road Unit 205, Oakville
Condo for Sale in Oakville
New — Listed 4 days ago- MLS Number
- W12988066
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oakville
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
LUXURY LIVING IN SOUTH OAKVILLE - Experience this stylish 2-bedroom corner suite at one of the area's most sought-after addresses. Offering nearly 800 sqft of sophisticated living space, this unit features 9ft ceilings and gorgeous engineered hardwood floors. BRIGHT AND AIRY: Floor-to-ceiling windows wrap around the entire suite, ensuring the home is flooded with an abundance of natural sunlight throughout the day. THE SUITE: Stunning kitchen boasting granite countertops, premium stainless steel appliances, a high-end Bosch dishwasher, and a recently updated refrigerator. Step out onto the massive wrap-around balcony with glass panels to enjoy spectacular views and even more sun. Custom shelving has been added to all closets for maximum organization. PARKING AND STORAGE: This unit includes two lockers-one of which is a coveted EXECUTIVE LOCKER located on the same floor as the unit-plus a second locker on P4 and parking conveniently located near the elevator. BUILDING AMENITIES: Residents enjoy 24/7 concierge/security, a fully equipped gym, and an indoor pool. THE LOCATION: Truly unbeatable walking distance to the Oakville GO Train for a seamless commute. Explore the vibrant shops and restaurants of Downtown Oakville and Lakeshore. With Food Basics directly across the street and the lake just a 20-minute stroll away, this home offers a perfectly connected lifestyle. Whether you are a first-time buyer, downsizer, or investor, this sun-filled, turn-key property checks every box for comfort, style, and convenience.
Estimate your monthly payments for this property
Estimated Payment
$2,898.23/mo
Includes CMHC insurance ($15,761)
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.
55 Speers Road Unit 205, 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 $807/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.
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.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,354 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.