1052 Melvin Ave
1011 - MO Morrison, Oakville, L6J 2V9
FOR SALE
$5,250,000
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4 + 2
BEDROOMS7
BATHROOMS1
KITCHENS15
ROOMSW12017995
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Property Description
Spectacular custom home in Morrison SE Oakville. Sits on a mature south-facing lot. Boasts a well-thought-out floor plan focused on craftsmanship and quality finishes. Architecturally unique in its design and layout. Over 7200 Sq.Ft. of luxury living space. With 4+2 bedrooms, 7 bathrooms in total. This home combines custom finishes and high-quality construction throughout. Every detail of this home exudes high quality, from the finished on-site stained hardwood floor, marble countertops, marble/natural stone flooring, curved wall to the exceptional design touches. The vaulted 16' ceiling great room, complete with a natural stone wood-burning fireplace, creates a warm and inviting atmosphere. The kitchen features face-framed cabinetry, a huge marble island, tasteful lighting, 48" Wolf dual fuel range, all top-of-the-line appliances, ideal for cooking and entertaining alike. 10' ceiling on main. Main floor office with B/I wood bookcase. Double skylights on the 2nd level bring in abundant natural light. Heated floor on all 2nd level bathrooms and basement floor enhance year-round comfort. Large primary bedroom complete with an extra-large walk-in closet and a 5-piece ensuite. All bedrooms on the 2nd level have vaulted 11' ceiling and ensuites, ensuring privacy and comfort. The finished lower level includes a nanny suite, exercise room, game room and recreation area, making this home a truly impressive option for family living! Enjoy outdoor entertaining on the covered porch, professionally landscaped backyard, all set on a spacious pool-sized lot. Sprinkler system. Walking distance to top rated schools, Steps to shopping, downtown, the lake. Easy access to GO and highways. **EXTRAS** New kitchen cabinets refinishing. New painting in living room and all bedrooms. All Existing Appliances, Built-Ins, Mirrors, Light Fixtures, Custom Window Draperies and Blinds, Garage Door Openers, Sprinkler System.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-06 | 2025-01-13 | 68 | $5,599,000 | - | Terminated |
Property Features
Hospital, Level, Library, Marina, Place Of Worship, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
75' x 150'
Acreage
< .50
Lot Irregularities
Rectangular
Fronting
South
Taxes
$21,328 (2024)
Basement
Finished, Full
Exterior
Shingle, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Great Rm | Main | 19.65' x 27.66' | Fireplace, B/I Bookcase, Vaulted Ceiling |
| Kitchen | Main | 12.83' x 17.59' | B/I Appliances, Combined W/Great Rm, Centre Island |
| Dining | Main | 12.93' x 19.65' | W/O To Patio, Combined W/Kitchen |
| Office | Main | 13.68' x 14.67' | B/I Bookcase, Large Window |
| Living | Main | 13.48' x 17.59' | Large Window, Hardwood Floor |
| Prim Bdrm | 2nd | 17.09' x 17.32' | 5 Pc Ensuite, W/I Closet, Vaulted Ceiling |
| 2nd Br | 2nd | 13.75' x 19.09' | 3 Pc Ensuite, Vaulted Ceiling, Closet Organizers |
| 3rd Br | 2nd | 13.85' x 17.16' | 3 Pc Ensuite, W/I Closet, Vaulted Ceiling |
| 4th Br | 2nd | 12.40' x 14.83' | 4 Pc Ensuite, W/I Closet, Vaulted Ceiling |
| 5th Br | Lower | 15.68' x 18.41' | W/I Closet, Large Window |
| Rec | Lower | 20.34' x 24.74' | B/I Bookcase, Fireplace |
| Games | Lower | 19.16' x 22.01' | Wet Bar |
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Oakville Market Statistics
Oakville Price Trend
1052 Melvin Ave is a 4-bedroom 7-bathroom home listed for sale at $5,250,000, which is $3,029,410 (136.4%) higher than the average sold price of $2,220,590 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Oakville increased by $107,747 (5.1%) compared to the previous 30 day period (December 22 - January 20) and down $181,508 (7.6%) from the same time one year ago.Inventory Change
There were 163 4-bedroom homes listed in Oakville over the last 30 days (January 21 - February 19), which is up 49.5% compared with the previous 30 day period (December 22 - January 20) and up 40.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($118,293) (5.3%) below asking price over the last 30 days (January 21 - February 19), which represents a $39,090 decrease compared to the previous 30 day period (December 22 - January 20) and ($75,180) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Oakville over the last 30 days (January 21 - February 19) stood at 19.6%, down from 29.4% over the previous 30 days (December 22 - January 20) and down from 53.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 7-bathroom home in Oakville stood at 24 days when successfully sold over the last 30 days (January 21 - February 19), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Imperial Realty Inc.
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