1518 Oakhill Dr

Eastlake, Oakville, L6J 1Y5
FOR SALE
$3,895,000
1518 Oakhill Dr, Oakville
1518 Oakhill Dr
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4 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
9 + 4
ROOMS
W9308578
MLSID
Contact Us
Property Description
Beautifully renovated executive bungalow in South-East Oakville. This 4+1 bed, 3 bath home is located on a desirable and quiet street and is surrounded by mature trees ensuring the backyard provides privacy year-round. 2,151 sqft of finished living space, plus additional 1,429 sq ft fully finished basement. Floor to ceiling windows in the family room and a skylight in the adjoining kitchen allow an abundance of natural light to flow throughout the space. French doors from both the kitchen and dining room lead you to a deck and a stone patio with built in BBQ surrounded by landscaped gardens. This home boasts a vaulted ceiling, gas fireplace and built-in bookshelves in the family room. Well-designed kitchen with plenty of storage and granite countertops, Sub-zero fridge, additional 2-drawer refrigeration, Wolf gas stovetop, wall oven and built-in microwave, wine fridge and island. Through a pocket door you'll find a primary retreat with a hallway of built-in storage, 3pc ensuite and bedroom and extended closet and floor to ceiling windows overlooking the backyard. 3 additional bedrooms share a 4pc bath with separate tub. Lower level offers an additional bedroom with 3pc ensuite, game room and family room. Recent updates include new roof (2019), tankless water heater (2020), A/C and furnace (2023), Tesla charger in garage. Walking distance to local schools, parks and trails, and the lake.
Extras
Roof (2019), A/C & furnace (2023), Tankless HWT (2020), Sump pump
Property Features
Electric Car Charger, Fenced Yard, Park, Place Of Worship, School
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
100' x 150'
Fronting
South
Taxes
$13,203 (2024)
Basement
Finished, Full
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain12.60' x 15.68'Hardwood Floor, Crown Moulding, W/O To Porch
DiningMain11.25' x 11.91'Hardwood Floor, Crown Moulding, O/Looks Backyard
KitchenMain11.32' x 13.42'Hardwood Floor, Granite Counter, Skylight
BreakfastMain11.32' x 13.42'Hardwood Floor, W/O To Deck
FamilyMain11.52' x 16.08'Hardwood Floor, Vaulted Ceiling, Fireplace
Prim BdrmMain12.60' x 12.01'Hardwood Floor, 3 Pc Ensuite, Large Closet
2nd BrMain12.76' x 12.40'Hardwood Floor, Large Closet, O/Looks Backyard
3rd BrMain11.15' x 15.91'Hardwood Floor, W/I Closet
4th BrBsmt11.25' x 9.84'Hardwood Floor
RecBsmt12.60' x 14.24'
RecBsmt10.66' x 28.08'
5th BrBsmt12.60' x 12.99'
Oakville Market Statistics
Oakville Price Trend
1518 Oakhill Dr is a 4-bedroom 3-bathroom home listed for sale at $3,895,000, which is $1,839,986 (89.5%) 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 3-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 Forest Hill Real Estate Inc.
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