2050 Eighth Line

FOR SALE
$1,597,000
2050 Eighth Line, Oakville
2050 Eighth Line
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4
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
10
ROOMS
W9347263
MLSID
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Property Description
Located in the highly sought-after Iroquois Ridge North community, this elegant 2,924 Sq. Ft. home is perfect for those seeking comfort and style in an upscale area. Featuring a privately fenced backyard with a spacious patio, its an ideal space for outdoor entertaining or relaxing. The interior boasts an impressive living area, complete with a cozy fireplace, and has seen many upgrades throughout. This home truly offers a refined living experience in one of the most desirable neighbourhoods."
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Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
51' x 123'
Fronting
East
Taxes
$6,056 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain11.09' x 11.29'Tile Floor, Stainless Steel Appl
BreakfastMain8.60' x 17.95'Tile Floor, Walk-Out
FamilyMain11.52' x 18.37'Hardwood Floor, Brick Fireplace
DiningMain11.42' x 14.50'Hardwood Floor, Large Window
OfficeMain9.15' x 11.42'Hardwood Floor, Large Window
LivingMain11.52' x 17.06'Hardwood Floor, Large Window
LaundryMain8.07' x 9.51'Tile Floor, Window
FoyerMain14.50' x 22.34'Hardwood Floor
Prim Bdrm2nd19.85' x 22.83'Hardwood Floor, Large Window
2nd Br2nd9.94' x 11.75'Hardwood Floor, Large Window
3rd Br2nd11.75' x 11.78'Hardwood Floor, Large Window
4th Br2nd11.55' x 15.09'Hardwood Floor, Window, Window
Oakville Market Statistics
Oakville Price Trend
2050 Eighth Line is a 4-bedroom 3-bathroom home listed for sale at $1,597,000, which is $458,014 (22.3%) lower 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 Prominent Realty Inc.
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