$545,000 - 55 Speers Road Unit 308, Oakville
Condo for Sale in Oakville
- MLS Number
- W13211300
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oakville
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ROYAL CANADIAN REALTY
Welcome to this beautifully upgraded 751 sq ft east-facing suite offering 9-foot ceilings, pot lights throughout, a statement chandelier in the living area, and luxury ceiling fixtures in both bedrooms, creating a bright, peaceful, and refined atmosphere filled with natural morning light, complemented by a private balcony ideal for relaxing or entertaining. The gourmet separate U-shaped kitchen features abundant cabinetry, sleek granite countertops, stainless steel appliances, and a stylish custom backsplash, delivering both function and elegance. Both bathrooms have been tastefully upgraded, with the main bath showcasing a modern standing rain shower and contemporary fixtures, while the primary ensuite offers a new multi-function shower panel with massage features for a spa-inspired experience. The home includes brand new washer, dryer, and dishwasher, along with a spacious locker and a dedicated, well-maintained parking space. Storage is thoughtfully designed with a large closet in the primary bedroom, a walk-in closet in the secondary bedroom, and an additional closet in the living area. Residents enjoy exceptional building amenities including 24-hour concierge, swimming pool, sauna, gym, library, party room, guest suites, secure parcel system, and a sixth-floor terrace with Lake Ontario views and BBQ facilities, all within a quiet, professionally managed building known for strong upkeep and community. Ideally located steps from Lake Ontario, scenic waterfront trails, Kerr Village, parks, daily essentials, and minutes to QEW, Highway 403, GO Transit, and major commuter routes, this residence is perfectly suited for first-time buyers, downsizers, or investors seeking a rare combination of premium upgrades, lifestyle convenience, and long-term value in one of Oakville's most desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,796.13/mo
Includes CMHC insurance ($15,206)
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 308, 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 $779/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 19 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.
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 $2,271 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.