128 Balsam Dr
Old Oakville, Oakville, L6J 3X5
FOR SALE
$6,999,000
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5 + 2
BEDROOMS10
BATHROOMS1
KITCHENS10
ROOMSW11938479
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Property Description
Discover luxury living in this exquisite custom-built West Coast-style home, nestled on a prestigious street in Southeast Oakville. This opulent residence boasts an impressive 5,484 sq ft above grade, w/ over 9,000 sq ft of finished living space, perfect for both family life & entertaining. Step inside to find a thoughtfully designed floor plan featuring 10 ceilings on the main level & 9 ceilings on the upper & lower levels. The main floor showcases a separate living room, formal dining room, & home office w/ built-in cabinetry. The heart of the home is the great room, complete w/ a fireplace flanked by custom built-ins, seamlessly flowing into the gourmet kitchen & breakfast area. Culinary enthusiasts will appreciate the servery with a walk-in pantry, while French doors lead to a covered terrace with an outdoor fireplace- perfect for al fresco dining and relaxation. An oversized mudroom with built-ins and a three-piece bath adds convenience, while the three-car garage (double with tandem) provides ample storage. Ascend to the upper level, where you'll find the primary bedroom suite, a true sanctuary with a double-sided fireplace serving both the bedroom and ensuite. The spa-like bathroom features a freestanding tub and a large island. Four additional bedrooms, each with their own ensuite, ensure privacy and comfort for family and guests alike. The lower level extends the living and entertaining space with a rec room, wine room, wet bar, home theatre, and two additional bedrooms with ensuites. Outside, the expansive rear yard is adorned with perennials and mature trees, creating a private oasis. Located just steps from Lakeshore Road, walking paths, and downtown Oakville, this home offers the perfect blend of luxury and convenience. With easy access to the GO train and major highways, it's ideal for commuters. Experience the epitome of opulent living in this remarkable residence that seamlessly combines everyday family comfort with exceptional entertaining spaces.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-14 | 2024-10-14 | 122 | $7,350,000 | - | Expired |
| 2024-04-05 | 2024-06-04 | 60 | $7,798,000 | - | Expired |
| 2024-02-29 | 2024-04-05 | 36 | $8,498,900 | - | Terminated |
| 2023-12-15 | 2024-03-01 | 77 | $8,988,888 | - | Terminated |
Property Features
Lake/Pond, Level, Library, Marina, Park, Place Of Worship
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
100' x 152'
Acreage
< .50
Lot Irregularities
100.04ft x 152.55ft x 100.2ft x 152.39ft
Fronting
West
Taxes
$3,188 (2024)
Basement
Finished, Full
Exterior
Stone, Wood
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 |
|---|---|---|---|
| Foyer | Main | 7.91' x 26.67' | |
| Living | Main | 14.01' x 14.99' | |
| Dining | Main | 14.93' x 16.57' | |
| Office | Main | 13.91' x 15.68' | |
| Kitchen | Main | 15.68' x 19.75' | |
| Breakfast | Main | 12.07' x 16.17' | |
| Great Rm | Main | 17.75' x 23.59' | |
| Mudroom | Main | 12.17' x 18.01' | |
| Other | Main | 8.07' x 15.75' | |
| Prim Bdrm | Upper | 17.59' x 24.02' | 6 Pc Ensuite |
| Br | Upper | 12.99' x 15.68' | 3 Pc Ensuite |
| Br | Upper | 14.93' x 15.75' | 3 Pc Ensuite |
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Oakville Market Statistics
Oakville Price Trend
128 Balsam Dr is a 5-bedroom 10-bathroom home listed for sale at $6,999,000, which is $4,384,000 (167.6%) higher than the average sold price of $2,615,000 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Oakville increased by $307,834 (13.3%) compared to the previous 30 day period (November 19 - December 18) and down $1,380,600 (34.6%) from the same time one year ago.Inventory Change
There were 10 5-bedroom homes listed in Oakville over the last 30 days (December 19 - January 17), which is down 33.3% compared with the previous 30 day period (November 19 - December 18) and up 42.9% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Oakville typically sold ($126,000) (4.8%) below asking price over the last 30 days (December 19 - January 17), which represents a $12,574 increase compared to the previous 30 day period (November 19 - December 18) and ($273,799) more 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 5-bedroom homes in Oakville over the last 30 days (December 19 - January 17) stood at 40.0%, down from 80.0% over the previous 30 days (November 19 - December 18) and down from 71.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 10-bathroom home in Oakville stood at 8 days when successfully sold over the last 30 days (December 19 - January 17), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc., Brokerage
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