$399,500

$420,000For salePrice drop↓ $20,500 (5%)

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#408 2379 Central Park Drive, Oakville (RO River Oaks) - Single Family for Sale

#408 2379 Central Park Drive, Oakville (RO River Oaks), Ontario, L6H0E3

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Investment analysis

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$399,500

Oakville

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Overview

This 1-bedroom, 1-bathroom condo in Oakville is for sale offering roughly 550 sq ft of space. Listed at $399,500, it is attractively priced about 32% below the $589,000 median asking price in Oakville. It has been on the market 50 days, fresher than the Oakville average of 70 days.

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

Description

One bedroom apartment in a quiet, desirable, and convenient location. Recently renovated and freshly painted, featuring a modern kitchen with quartz countertops and all laminate flooring-no carpet. One parking space included. Building amenities include a swimming pool, gym, sauna, hot tub, outdoor kitchen with BBQ area, playground, guest suite, and concierge. Maintenance fees include heat and water. Conveniently close to grocery stores, shopping centers, and everyday amenities. A great opportunity for comfortable and low-maintenance living in a well-equipped building. (id:66096)

Property Details

MLS®: W13788012
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $454/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,089.33/yr
Listed: 50 days ago

Market Timing

Days on market

50d

Oakville (RO River Oaks) listings, avg age

70d

Price / ft²

$727

List price

$400K

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 (L6H)

This home lists at $399,500, about 3.2× the local median household income of $123,000.

Carrying it typically needs a household income of about $78,036 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $123,000
Population: 72,662
Median age: 40
Owner / renter: 77% / 23%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L6H)

$399,500· $727/ft²

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Full Cost Breakdown

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Down Payment5% · $19,975

Min 5%50%

Mortgage payment$2,104/mo

↳ CMHC premium ($15,181 capitalized)

Property tax (est.)$174/mo

Condo fee$454/mo

Total monthly$2,732

Cash Needed to Close

Down payment (5%)$19,975

Land transfer tax$4,468

Est. closing costs$3,699

Total cash needed$28,142

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

#408 2379 Central Park Drive, Oakville (RO River Oaks) - Single Family for Sale

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Neighbourhood profile (L6H)

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