40 Old Mill Road, Unit 1, Oakville, ON

$999,800
MLS#:W12300513
3 beds
3 baths
1400-1599 sqft
2.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on August 15, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of 1013 - OO Old Oakville. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,800 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.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1400-1599 sqft
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

PANORAMIC VISTAS! LOWER-LEVEL PENTHOUSE! Discover Oakridge Heights, an exclusive community of three distinguished mid-rise condominiums overlooking the picturesque ravines of Sixteen Mile Creek. This stylish lower-level penthouse offers 2+1 bedrooms, nearly 1,500 square feet of thoughtfully designed living space, and an array of elegant updates. Step inside to hardwood flooring, crown moldings, and an inviting living room with a gas fireplace that seamlessly transitions into the dining area - ideal for both everyday comfort and entertaining. The gourmet kitchen features granite countertops, stainless steel appliances, and a walkout to a private balcony where you can soak in sweeping views of Sixteen Mile Creek. The primary bedroom offers a walk-in closet and four-piece ensuite with a jetted tub. A second bedroom with its own four-piece ensuite, a versatile den (perfect as a home office or third bedroom), powder room, and in-suite laundry with a full-sized washer and dryer add convenience and functionality. Two side-by-side underground parking spaces and a storage locker on the same level are included. Residents enjoy resort-style amenities - an indoor pool, sauna, fitness centre, party room, security, an outdoor patio with barbecues nestled among mature trees, lush landscaped grounds, and plenty of visitor parking. All of this, just steps to the GO Station, minutes to the QEW, and within walking distance of trendy restaurants, shopping, Sixteen Mile Creek, and Oakville's vibrant downtown core. A rare opportunity to live the upscale Oakridge Heights lifestyle!

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Property Summary

This condo apartment located at 40 Old Mill Road, Oakville is currently for sale and has been available on SousaSells for 360 days. This property is listed at $999,800 with an estimated mortgage of $3,328* per month. It has 3 beds, 3 bathrooms, and is 1400-1599 square feet. 40 Old Mill Road, Oakville is in the 1013 - OO Old Oakville neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
1400-1599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateAugust 15, 2025
Sold price information is available to members only
Listed Date7/22/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionBrick
BasementNone
CountyHalton
Annual Tax$4,858

Parking & Garage

Parking Spaces2.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Interior Features

Auto Garage Door Remote, Carpet Free

Security Features

Community Features

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Location

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40 Old Mill Road, Unit 1, 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 40 Old Mill Road LPH1, Oakville, ON L6J 7W2

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.

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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$299,940 (30.0%)
* Minimum Canadian down payment required for this price is $74,980.
Amortization Period30 Years
Estimated Monthly Payment$3,328Based on a loan of $699,860 over 30 years.
Purchase Price$999,800
Loan Amount$699,860
Provincial Land Transfer Tax:$16,471
Total Estimated Closing Taxes:$16,471

About Purchasing a Home in Oakville, ON

For a property listed at $999,800 in Oakville, the legal minimum down payment is $74,980 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 $16,471 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 $16,471.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 1013 - OO Old Oakville, Oakville.

Verified Local Data
City Population213,759
City Median Age41.5 Yrs
City Ownership82% Owners
Avg Area List Price$3,124,292

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

New Central
Public133 Balsam Drive, Ennisclare Park, Oakville, Ontario, L6J 3X4
9.6
Sainte-Marie
Public336 Maurice Drive, Oakville, Ontario, L6K 2X3
7.9
du Chêne
Public150 Ridge Drive, Oakville, Ontario, L6H 1B8
9.4
St James
Public255, Oakville, Ontario, L6K 2S2
6.7
E J James
Public338 Cairncroft Road, Ennisclare Park, Oakville, Ontario, L6J 4M6
9.6

Secondary Schools

St. Thomas Aquinas
Catholic124 Dorval Drive, Oakville, Ontario, L6K 2W1
8.2
Oakville Trafalgar
Public1460 Devon Road, Ennisclare Park, Oakville, Ontario, L6J 3L6
9.2
White Oaks
PublicOnslow Court, Oakville, Ontario, L6H 1H9
8.8
Gaétan Gervais
Public1075 McCraney Street East, Oakville, Ontario, L6H 1H9
9.3

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.