1370 Lancaster Drive, Oakville, ON

$1,599,000
MLS#:W9297798
5 beds
4 baths
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 15, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 1005 - FA Falgarwood. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,599,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 4 Bathrooms
  • Premium 50 x 110 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 1370 Lancaster Drive in Oakville, a beautifully renovated 4+1 bedroom, 4-bathroom home offering both modern comfort and style. Step inside from the newly installed front door to reveal double french doors, leading you to the open concept living room overlooking the front yard and dining room overlooking the backyard. Entertain guests in the renovated kitchen featuring Samsung stainless steel appliances, granite countertops, breakfast area and a walk-out to the deck. Enjoy the family room with a stone fireplace and an additional walk-out to the deck for convenience. Upstairs, you'll find the primary ensuite with a renovated 4pc ensuite with tile flooring, double built-in closet space, double sinks, and a separate room with the toilet and shower. Down the hall are 3 additional bedrooms with generously sized closets and large windows, allowing for natural light to flood the rooms. In the basement you'll find new carpet that leads you to the recreation area with another fireplace and can be utilized as a multifunctional space for an additional living area or home office. After a long day, relax in the sauna, new heater installed. Outside, bask in your personal urban oasis with the inground pool with a new heater, pump, liner and filter all replaced in the last 4 years and create memories on the deck with the gas BBQ, sitting areas for ultimate relaxation and motion detector lights for security. Additional upgrades include furnace/AC (2022), windows in the back of the house, 2 glass sliding doors and screens to the backyard (2021). Minutes to Falgarwood Public School, Falgarwood Park & Pool, Sheridan Hill Park, Lancaster Woods, Sheridan Public School, Upper Oakville Shopping Centre, Oakville Transit and so much more!

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Property Summary

This detached home located at 1370 Lancaster Drive, Oakville is currently for sale and has been available on SousaSells for 683 days. This property is listed at $1,599,000 with an estimated mortgage of $5,322* per month. It has 5 beds, 4 bathrooms, and is unknown square feet. 1370 Lancaster Drive, Oakville is in the 1005 - FA Falgarwood neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 15, 2024
Sold price information is available to members only
Listed Date9/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size50 × 110 Feet
CountyHalton
Annual Tax$6,310.85
Legal DescriptionPLAN M155 LOT 3

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Hospital, Park, Public Transit, School

Interior Features

Central Vacuum

Security Features

Other

Community Features

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Location

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1370 Lancaster Drive, Oakville, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1370 Lancaster Drive, Oakville, ON L6H 3B9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Oakville.

Configure Loan Settings

Interest Rate4.00%
Down Payment$479,700 (30.0%)
* Minimum Canadian down payment required for this price is $319,800.
Amortization Period30 Years
Estimated Monthly Payment$5,322Based on a loan of $1,119,300 over 30 years.
Purchase Price$1,599,000
Loan Amount$1,119,300
Provincial Land Transfer Tax:$28,455
Total Estimated Closing Taxes:$28,455

About Purchasing a Home in Oakville, ON

For a property listed at $1,599,000 in Oakville, the legal minimum down payment is $319,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $28,455 for this transaction. As this listing is in Oakville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $28,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 1005 - FA Falgarwood, Oakville.

Verified Local Data
City Population213,759
City Median Age41.5 Yrs
City Ownership82% Owners
Avg Area List Price$1,124,886

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
52%
Couples without children
26%
Other households
4%

Top Ethnic Origins

English22%
Canadian16%
Scottish16%
Irish15%

Local Schools Guide

Elementary Schools

Falgarwood
Public1385 Gainsborough Drive, Oakville, Ontario, L6H 2H7
5.7
Holy Family
Public1420 Grosvenor Street, Oakville, Ontario, L6H 2X8
3.9
St Matthew's
PublicMatthew Street, Oakville, Ontario, L6H 2R9
8.6
Montclair
Public1285 Montclair Drive, Oakville, Ontario, L6H 1Z3
4.4
du Chêne
Public150 Ridge Drive, Oakville, Ontario, L6H 1B8
9.4

Secondary Schools

Iroquois Ridge
Public1123 Glenashton Drive, Oakville, Ontario, L6H 5M1
9.3
Gaétan Gervais
Public1075 McCraney Street East, Oakville, Ontario, L6H 1H9
9.3
White Oaks
PublicOnslow Court, Oakville, Ontario, L6H 1H9
8.8
Oakville Trafalgar
Public1460 Devon Road, Ennisclare Park, Oakville, Ontario, L6J 3L6
9.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied82%
Rented18%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.