$2,250,000

For sale

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1118 Melvin Avenue, Oakville (MO Morrison) - Single Family for Sale

1118 Melvin Avenue, Oakville (MO Morrison), Ontario, L6J2V9

3 beds2 baths8 parking ft²

416 Wedgewood Drive, Oakville (MO Morrison), Ontario, L6J4S4

5 bd7 ba6 pk4,250 ft²Lot size 75 × 152 ft (11,400 sq ft)

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

1426 Lakeshore Road East, Oakville (MO Morrison), Ontario, L6J1M1

For sale

9 days ago

$6.50M

1426 Lakeshore Road East, Oakville (MO Morrison), Ontario, L6J1M1

5 bd6 ba7 pk5,000 ft²Lot size 125 × 171 ft (21,295 sq ft)

Listed by Re/Max Alliance Realty

222 Burgundy Drive, Oakville (MO Morrison), Ontario, L6J4G1

For sale

9 days ago

$7.59M

222 Burgundy Drive, Oakville (MO Morrison), Ontario, L6J4G1

5 bd7 ba10 pk4,250 ft²Lot size 124 × 123 ft (15,215 sq ft)

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

240 Colchester Drive, Oakville (MO Morrison), Ontario, L6J5S5

For sale

9 days ago

$3.13M

240 Colchester Drive, Oakville (MO Morrison), Ontario, L6J5S5

6 bd4 ba9 pk3,250 ft²Lot size 100 × 151 ft (15,090 sq ft)

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

Investment analysis

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$2,250,000

Oakville

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Description

Prime Morrison location on a quiet, tree lined street just off Chartwell Road. Easy walk to St Mildred's and Linbrook Schools. Large .31 acre lot with rare 135' lot frontage to allow for maximum design flexibility. Spacious 3 Bedroom bungalow with double garage requires significant updating. Ideal location close to Downtown Oakville, parks, waterfront trails, top rated Public and Private Schools, Whole Foods Market, Longo's, Starbucks and GO Train. (id:66096)

Property Details

MLS®: W13856424
Property Type: Single Family
Zoning: RL02-0
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 8
Interior Size: 1,750 ft²
Lot Size: 135 × 100 ft (13,500 sq ft)
Frontage: 135 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $9,147/yr
Listed: 33 days ago

Rooms

Main level

Living room: 6.5 x 4.8 meters
Dining room: 3 x 3.8 meters
Kitchen: 4.4 x 3.8 meters
Primary Bedroom: 3.6 x 6.4 meters
Bedroom 2: 3.9 x 4.3 meters
Bedroom 3: 3.9 x 2.7 meters

Basement

Recreational, Games room: 8.7 x 4 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

33d

Oakville (MO Morrison) listings, avg age

63d

Price / ft²

$1,286

List price

$2.25M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (L6J)

This home lists at $2,250,000, about 14.2× the local median household income of $158,000.

Carrying it typically needs a household income of about $439,504 (20% down, 25-yr amortization, stress-tested) — roughly 178% above the area median.

Median household income: $158,000
Population: 24,420
Median age: 46.4
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L6J)

$2,250,000· $1,286/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $450,000

Min 20%50%

Mortgage payment$9,596/mo

Property tax (est.)$762/mo

Total monthly$10,358

Cash Needed to Close

Down payment (20%)$450,000

Land transfer tax$42,725

Est. closing costs$9,250

Total cash needed$501,975

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

1118 Melvin Avenue, Oakville (MO Morrison) - Single Family for Sale

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Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L6J)

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Full Cost Breakdown