$1,369,900

$1,399,900For salePrice drop↓ $30,000 (2%)

2276 FAIRMOUNT Drive, Oakville - Single Family for Sale

2276 FAIRMOUNT Drive, Oakville, Ontario, L6M5J6

5 beds4 baths3 parking2,001 ft²Listed 38 days ago

Overview

This 5-bedroom, 4-bathroom home in Oakville is for sale offering roughly 2,001 sq ft of space. Listed at $1,369,900, it is attractively priced about 19% below the $1,699,999 median asking price in Oakville. It has been on the market 38 days, fresher than the Oakville average of 56 days.

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Description

Live surrounded by some of Oakville's most reputed public schools, so you don't have to spend a fortune on private schools! Totally renovated 4+1 bed, 4 bath detached home with a single-car garage, sitting on a premium 36' wide lot. Boasting an all-brick exterior, 2,600 sq ft of living space and amazing curb appeal with eye-catching landscaping, a large driveway and a large front porch. The fully upgraded and extended kitchen features new cabinets, new countertops and new stainless steel appliances. The finished, renovated basement with its own gas fireplace is ready to be used as an in-law suite. No rental items in the house: the owned heat pump saves thousands in heating costs, and the owned hot water heater and humidifier save you monthly rental fees. Over $135K invested in renovations by the previous and current owners combined. Walking distance to Oakville Trafalgar Memorial Hospital, FreshCo & Shoppers Drug Mart. Family-oriented neighborhood on a quiet street with excellent schools & parks. Top-rated schools include Garth Webb SS, with one of Oakville's top robotics programs and AP preparation, and Forest Trail PS, known for its excellent French Immersion program. Close to Bronte Creek Provincial Park, the Sixteen Mile Creek trail system, Coronation Park and West Oak Trails Community Park. Quick access to Hwys 403, 407 & QEW. (id:66096)

Property Details

MLS®: 40867235
Property Type: Single Family
Zoning: RL6
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 3
Interior Size: 2,001 ft²
Frontage: 36 ft
Year Built: 2006
Storeys: 2
Style: Contemporary
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Garage: Attached Garage
Ownership

Rooms

Basement

3pc Bathroom

Main level

2pc Bathroom
Breakfast
Kitchen: 10'11'' x 19'3''
Family room: 10'11'' x 16'8''
Dining room: 10'11'' x 18'3''
Living room: 10'0'' x 18'3''

Second level

3pc Bathroom
4pc Bathroom
Bedroom: 10'1'' x 11'10''
Bedroom: 9'1'' x 10'3''

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system, Storm sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Oakville listings, avg age

56d

Price / ft²

$685

List price

$1.37M

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.

Haho

This 5-bed single family in Oakville has been listed for 38 days, which is 18 days fresher than the city average of 56. Act while there is still low competition.

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Listed by eXp Realty (Agent Branch) · Sanjay Gupta

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6M)

This home lists at $1,369,900, about 9.6× the local median household income of $143,000.

Carrying it typically needs a household income of about $267,589 (20% down, 25-yr amortization, stress-tested) — roughly 87% above the area median.

Median household income: $143,000
Population: 72,547
Median age: 39.6
Owner / renter: 82% / 18%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA L6M)

$1,369,900· $685/ft²

For sale

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Full Cost Breakdown

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Down Payment8.18% · $111,990.00

Min 8.18%50%

Mortgage payment$6,974/mo

↳ CMHC premium ($50,316 capitalized)

Property tax (est.)$572/mo

Total monthly$7,546

Cash Needed to Close

Down payment (8.18%)$111,990

Land transfer tax$23,873

Est. closing costs$6,610

Total cash needed$142,473

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