128 Balsam Dr

FOR SALE
$7,350,000
128 Balsam Dr, Oakville
128 Balsam Dr
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5 + 2
BEDROOMS
9
BATHROOMS
1
KITCHENS
13 + 7
ROOMS
W8440984
MLSID
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Property Description
Masterfully crafted west coast transitional set back on one of the most prestigious streets in SE Oakville. A few homes north of Lakeshore Road on a large estate lot, this newly built custom home is incredible. Seamless flow w/an easy layout that provides connected main living spaces + privacy. Timeless aesthetic w/a blend of white oak, natural marble, beautiful fixtures, neutral-hued quartz + custom milled cabinetry throughout this is warm west coast style at its finest. 9107 total square feet. 5+2 bedrooms + 10 baths. Private office w/ wall-to-wall built-ins, formal living w/fp + dining w/walnut-clad servery. Expansive kitchen w/custom full-height cabinetry, integrated appliances + expansive marble+walnut island w/prep space + seating. Sunroom style breakfast area + family room w/cozy gas fp. Both breakfast + fr have double glass doors that open to the rear portico. A picturesque place to enjoy a morning coffee or an evening meal. Mudroom maximizes utility w/ wall-to-wall cabinetry + access to the garage + yard + 3-piece bath. The primary is a retreat with expansive glazing, double glass doors, beautiful millwork, 2-sided fireplace, dressing room with custom built-ins + a boutique hotel spa ensuite. Each additional bedroom is generously sized with walk-in + ensuite. Cleverly placed windows + 7 skylights keep this level bright + upper laundry offers convenience. The lower level expands living space w/rec room, games space, custom wine cellar/tasting room, wet bar, theatre w/tiered seating + 2 beds w/ensuites. This is a fun family level. Expansive rear yard w/wood-clad portico w/stone fp + flat grassy area. Perennials+mature trees frame the back fence line. Steps to Lakeshore Road, walk the paths along the shores of Lake Ontario, explore downtown Oakville and enjoy easy access to the GO train and major HWYs. Walk to New Central Elementary + close to private + public schools.
Listing History
List Date End Date Days Listed List Price Sold Price Status
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, Library, Marina, Park, Place Of Worship, Rec Centre
Property Details
Street
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
100' x 152'
Acreage
< .50
Lot Irregularities
100.04' x 152.55' x 100.21' x 152.39'
Fronting
West
Taxes
$31,880 (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
Room Summary
RoomLevelSizeFeatures
KitchenMain15.75' x 19.32'
BreakfastMain12.01' x 16.34'
LivingMain14.01' x 15.09'
DiningMain14.93' x 16.67'
FamilyMain18.01' x 24.08'
Prim Bdrm2nd17.65' x 24.08'
2nd Br2nd12.17' x 22.18'
3rd Br2nd10.17' x 16.40'
4th Br2nd14.99' x 15.75'
5th Br2nd13.09' x 15.75'
RecBsmt23.82' x 28.51'
GamesBsmt18.24' x 25.26'
Oakville Market Statistics
Oakville Price Trend
128 Balsam Dr is a 5-bedroom 9-bathroom home listed for sale at $7,350,000, which is $4,057,143 (123.2%) higher than the average sold price of $3,292,857 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 5 bedroom home in Oakville increased by $1,230,970 (59.7%) compared to the previous 30 day period (July 20 - August 18) and up $853,413 (35.0%) from the same time one year ago.
Inventory Change
There were 28 5-bedroom homes listed in Oakville over the last 30 days (August 19 - September 17), which is up 100.0% compared with the previous 30 day period (July 20 - August 18) and up 21.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Oakville typically sold ($151,396) (4.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $101,584 decrease compared to the previous 30 day period (July 20 - August 18) and ($81,733) 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 5-bedroom homes in Oakville over the last 30 days (August 19 - September 17) stood at 25.0%, down from 28.6% over the previous 30 days (July 20 - August 18) and down from 39.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 9-bathroom home in Oakville stood at 14 days when successfully sold over the last 30 days (August 19 - September 17), compared to 86 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Miller Real Estate Ltd.
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