$549,900

For sale

#74 1556 LANCASTER Drive, Oakville - Single Family for Sale

#74 1556 LANCASTER Drive, Oakville, Ontario, L6H2Z4

3 beds2 baths2 parking1,055 ft²$475/mo condo feeListed 23 days ago

Overview

This 3-bedroom, 2-bathroom condo in Oakville is for sale offering roughly 1,055 sq ft of space. Listed at $549,900, it is attractively priced about 8% below the $599,900 median asking price in Oakville. It has been on the market 23 days, fresher than the Oakville average of 56 days.

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Description

Welcome to a charming condo townhome in highly sought-after Falgarwood! This home offers a rare opportunity to own in one of Oakville's most desirable neighborhoods . The main floor features a bright kitchen, a combined living and dining area, and sliding patio doors that open to a private, beautifully treed backyard ideal for relaxing or entertaining. Upstairs, you will find 3 spacious bedrooms and a full 4-piece bathroom. The finished lower level includes a versatile rec room, a convenient two-piece bathroom, and a utility/laundry area. Updates include, new furnace / ac 2024, garage door 2023, windows 2008, Perfect for families, first-time buyers, or downsizers, this home is nestled in a quiet, family-friendly community close to parks, top-rated schools, shopping, and transit. (id:66096)

Property Details

MLS®: 40871049
Property Type: Single Family
Zoning: R1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,055 ft²
Storeys: 2
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Garage: Attached Garage
Condo Fee: $475/mo
Fee Includes: Landscaping, Water, Insurance
Ownership: Condo/Strata
Property Tax

Rooms

Basement

2pc Bathroom
Laundry room: 7'4'' x 10'4''
Recreation room: 13'1'' x 18'9''

Second level

4pc Bathroom
Bedroom: 12'10'' x 8'10''
Bedroom: 13'2'' x 11'5''
Primary Bedroom: 13'10'' x 12'0''

Main level

Living room: 18'0'' x 11'2''
Dining room: 9'10'' x 7'11''
Kitchen: 7'10'' x 7'8''

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Garage door opener
Exterior: Aluminum siding
Lot Features: Paved driveway, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Oakville listings, avg age

56d

Price / ft²

$521

List price

$550K

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 3-bed single family in Oakville has been listed for 23 days, which is 33 days fresher than the city average of 56. Act while there is still low competition.

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Listed by Heritage Realty · Jacqueline Magas

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6H)

This home lists at $549,900, about 4.5× the local median household income of $123,000.

Carrying it typically needs a household income of about $107,415 (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)

$549,900· $521/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$249/mo

Condo fee$475/mo

Total monthly$3,606

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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