$530,000

For sale

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#1501 2420 Baronwood Drive, Oakville (WM Westmount) - Single Family for Sale

#1501 2420 Baronwood Drive, Oakville (WM Westmount), Ontario, L6M0X6

2 beds2 baths1 parking ft²

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Investment analysis

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$530,000

Oakville

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Overview

This 2-bedroom, 2-bathroom condo in Oakville is for sale offering roughly 1,100 sq ft of space. Listed at $530,000, it is attractively priced about 7% below the $569,000 median asking price in Oakville. It has been on the market 14 days, fresher than the Oakville average of 45 days.

Condos for Sale in Oakville →All real estate in Oakville →

Property Details

MLS®: W14105402
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: Apartment in basement, N/A
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $455/mo
Fee Includes: Common Area Maintenance, Parking
Ownership: Condo/Strata
Property Tax: $2,995.38/yr
Listed: 14 days ago

Market Timing

Days on market

14d

Oakville (WM Westmount) listings, avg age

45d

Price / ft²

$482

List price

$530K

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 (L6M)

This home lists at $530,000, about 3.7× the local median household income of $143,000.

Carrying it typically needs a household income of about $103,528 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$530,000· $482/ft²

For sale

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Full Cost Breakdown

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Down Payment5.28% · $28,000.00

Min 5.28%50%

Mortgage payment$2,783/mo

↳ CMHC premium ($20,080 capitalized)

Property tax (est.)$250/mo

Condo fee$455/mo

Total monthly$3,488

Cash Needed to Close

Down payment (5.28%)$28,000

Land transfer tax$7,075

Est. closing costs$4,090

Total cash needed$39,165

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

#1501 2420 Baronwood Drive, Oakville (WM Westmount) - Single Family for Sale

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Description

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Neighbourhood profile (L6M)

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