142 Balsam Dr
Old Oakville, Oakville, L6J 3X5
FOR SALE
$3,500,000
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Property Description
This exceptional property, located on one of the most sought-after streets in Old Oakville, presents a unique opportunity to create the home of your dreams. Balsam Drive is renowned for its stunning tree-lined vistas, prestigious estate homes, and generous lot sizes, making it one of Oakville's most desirable addresses. Set on a sprawling 15,650 sqft lot with an impressive 100.21-foot frontage and 153.11-foot depth, this property offers ultimate privacy with perimeter trees that do not interfere with potential building plans. Its coveted RL1-0 zoning allows for the construction of a grand estate, providing ample space for luxurious living areas, outdoor entertaining spaces, and lush gardens. While you plan your dream build, the existing home is move-in ready, offering comfortable living or rental potential. This flexibility ensures you can enjoy the property immediately while crafting your future vision. Located within walking distance of Downtown Oakville and the shores of Lake Ontario, this property epitomizes convenience and lifestyle. Enjoy a short stroll to world-class restaurants, boutique shopping, and the picturesque lakefront, all within 10 minutes. Families will also benefit from being minutes away from Oakville's top-rated private schools, such as St. Mildred's-Lightbourn, MacLachlan College, and Linbrook School, and just steps away from New Central Public School. With endless possibilities, this property offers incredible potential for a custom-designed estate with stunning architecture, making full use of this extraordinary lot.
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Property Features
Lake Access, Park, Place Of Worship, Public Transit, School, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
100' x 153'
Fronting
East
Taxes
$12,009 (2024)
Basement
Full, Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 7.51' x 7.91' | |
Living | Main | 16.93' x 17.65' | Fireplace |
Kitchen | Main | 9.32' x 20.18' | Eat-In Kitchen, W/O To Sunroom |
Sunroom | Main | 11.84' x 16.99' | O/Looks Backyard |
Dining | Main | 11.15' x 19.75' | Gas Fireplace |
Prim Bdrm | Main | 11.32' x 14.01' | O/Looks Backyard |
2nd Br | Main | 10.50' x 12.34' | |
3rd Br | Main | 8.07' x 12.34' | |
4th Br | 2nd | 11.84' x 15.68' | |
Office | 2nd | 9.91' x 13.85' | |
Rec | Lower | 10.40' x 26.84' | Fireplace |
Laundry | Lower | 11.15' x 13.68' |
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Oakville Market Statistics
Oakville Price Trend
142 Balsam Dr is a 4-bedroom 2-bathroom home listed for sale at $3,500,000, which is $1,347,725 (62.6%) higher than the average sold price of $2,152,275 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 4 bedroom home in Oakville increased by $64,906 (3.1%) compared to the previous 30 day period (November 19 - December 18) and up $274,984 (14.6%) from the same time one year ago.Inventory Change
There were 97 4-bedroom homes listed in Oakville over the last 30 days (December 19 - January 17), which is up 2.1% compared with the previous 30 day period (November 19 - December 18) and up 106.4% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($63,318) (2.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,146 increase compared to the previous 30 day period (November 19 - December 18) and ($95,235) 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 4-bedroom homes in Oakville over the last 30 days (December 19 - January 17) stood at 45.4%, down from 117.9% over the previous 30 days (November 19 - December 18) and down from 72.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Oakville stood at 40 days when successfully sold over the last 30 days (December 19 - January 17), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Alliance Realty
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