1291 Cambridge Dr

Eastlake, Oakville, L6J 1R9
FOR SALE
$3,899,999
1291 Cambridge Dr, Oakville
1291 Cambridge Dr
1291 Cambridge Dr
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2 + 2
BEDROOMS
3
BATHROOMS
1
KITCHENS
10
ROOMS
W9398166
MLSID
Contact Us
Property Description
Located in prestigious Eastlake Oakville, this rare 17,168 sqft property is a minute from Lakeshore Rd and Gairloch Gardens, offering unparalleled convenience and exclusivity. This expansive lot provides unique extra square footage, perfect for building your dream luxury home. All necessary permits, including demolition and building permits, are in the final stages of processing and will be ready for the new owner. Design and build a stunning full limestone home featuring exquisite architectural elements and exceptional functionality in one of Oakville's most desirable neighbourhoods. Don't miss this prime opportunity!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-10-26 2023-10-27 1 $2,700,000 $2,860,000 Sold
Extras
Property is sold as-is condition! Ready for custom home build! Perfect opportunity to create your dream home in a prime Eastlake Oakville location!
Property Features
Fenced Yard, Park, School
Property Details
Community
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
136' x 135'
Acreage
< .50
Lot Irregularities
109.15ft x140.23ft x 136.68ft x 135.72ft
Fronting
North
Taxes
$12,272 (2024)
Basement
W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Prim BdrmUpper21.78' x 13.58'3 Pc Ensuite
2nd BrUpper9.02' x 15.78'
KitchenMain10.10' x 16.96'
DiningMain12.11' x 18.90'
LivingMain23.36' x 19.75'
LaundryLower11.02' x 5.54'
FamilyLower24.02' x 31.63'
3rd BrBsmt11.84' x 12.60'
4th BrBsmt10.04' x 15.06'
RecBsmt12.66' x 20.51'
Oakville Market Statistics
Oakville Price Trend
1291 Cambridge Dr is a 2-bedroom 3-bathroom home listed for sale at $3,899,999, which is $2,432,524 (165.8%) higher than the average sold price of $1,467,475 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 2 bedroom home in Oakville declined by $559,625 (27.6%) compared to the previous 30 day period (August 18 - September 16) and down $124,525 (7.8%) from the same time one year ago.
Inventory Change
There were 12 2-bedroom homes listed in Oakville over the last 30 days (September 17 - October 16), which is up 100.0% compared with the previous 30 day period (August 18 - September 16) and up 9.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Oakville typically sold ($42,000) (2.9%) below asking price over the last 30 days (September 17 - October 16), which represents a $37,880 increase compared to the previous 30 day period (August 18 - September 16) and ($55,359) 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 2-bedroom homes in Oakville over the last 30 days (September 17 - October 16) stood at 33.3%, down from 83.3% over the previous 30 days (August 18 - September 16) and down from 45.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Oakville stood at 29 days when successfully sold over the last 30 days (September 17 - October 16), compared to 187 days before being removed from the market upon being suspended or terminated.
Listing contracted with Forest Hill Real Estate Inc.
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