142 Balsam Dr

FOR SALE
$4,198,800
142 Balsam Dr, Oakville
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
142 Balsam Dr
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4
BEDROOMS
2
BATHROOMS
1
KITCHENS
12
ROOMS
W9346006
MLSID
Contact Us
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. 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 steps away from top-rated public schools, such as New Central Public School, and within close proximity to some of Oakville's premier private schools. For those seeking an investment, the existing home can be lived in or rented out while planning your dream build. With endless possibilities, this property offers incredible potential for a custom-designed estate with stunning architecture, making full use of this extraordinary lot.
Property Features
Lake Access, Park, Place Of Worship, Public Transit, School, Wooded/Treed
Property Details
Street
Community
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
Room Summary
RoomLevelSizeFeatures
FoyerMain7.51' x 7.91'
LivingMain16.93' x 17.65'Fireplace
KitchenMain9.32' x 20.18'Eat-In Kitchen, W/O To Sunroom
SunroomMain11.84' x 16.99'O/Looks Backyard
DiningMain11.15' x 19.75'Gas Fireplace
Prim BdrmMain11.32' x 14.01'O/Looks Backyard
2nd BrMain10.50' x 12.34'
3rd BrMain8.07' x 12.34'
4th Br2nd11.84' x 15.68'
Office2nd9.91' x 13.85'
RecLower10.40' x 26.84'Fireplace
LaundryLower11.15' x 13.68'
Oakville Market Statistics
Oakville Price Trend
142 Balsam Dr is a 4-bedroom 2-bathroom home listed for sale at $4,198,800, which is $2,143,786 (104.3%) higher than the average sold price of $2,055,014 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in Oakville increased by $196,207 (10.6%) compared to the previous 30 day period (July 20 - August 18) and up $68,214 (3.4%) from the same time one year ago.
Inventory Change
There were 164 4-bedroom homes listed in Oakville over the last 30 days (August 19 - September 17), which is up 49.1% compared with the previous 30 day period (July 20 - August 18) and up 12.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($58,032) (2.8%) below asking price over the last 30 days (August 19 - September 17), which represents a $5,283 decrease compared to the previous 30 day period (July 20 - August 18) and ($56,999) 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 (August 19 - September 17) stood at 42.7%, down from 59.1% over the previous 30 days (July 20 - August 18) and up from 37.7% 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 21 days when successfully sold over the last 30 days (August 19 - September 17), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Alliance Realty
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