27 Park Ave
Old Oakville, Oakville, L6J 3X9
FOR SALE
$11,000,000
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4 + 1
BEDROOMS9
BATHROOMS1
KITCHENS13 + 6
ROOMSW9369754
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Property Description
Welcome to 27 Park Avenue, nestled in the prestigious Orchard Beach community of Old Oakville, where the allure of the Hamptons meets the tranquility of Lake Ontario. Crafted by renowned architect Gus Ricci with handpicked finishes by Studio H, this estate spans over 10,000 square feet on an expansive lot adorned with lush landscaping. A retreat awaits outdoors, boasting a resort-style infinity pool, a chic 950 square foot pool house featuring a bar, fireplace, and vaulted ceiling, alongside your personal putting green and in-ground trampoline. Inside, indulge in luxury with marble heated floors, 10-inch wide plank white oak flooring, and designer light fixtures throughout. The heart of the home is the gourmet kitchen, complete with a La Cornue oven and premium appliances, complemented by a generous pantry. With 4+1 bedrooms, two of which feature spacious dedicated study areas, sure to inspire students seeking independent study and 9 bespoke bathrooms, every corner exudes sophistication. Enhanced by a state-of-the-art security and sound system, the main floor offers a parlour, office, laundry room, formal dining room with servery, great room, and mud room off the heated garage. Descend the grand staircase to discover the fully finished lower level, featuring two full baths, a gym, extensive wine cellar, theatre room, bar, bedroom, mechanical room, media room, safe room, cedar closet, and ample storage. Park Avenue named for the horse and buggies that use to park on it when attending the polo matches in the 1800s. It was once the home of many cottagers who visited in the summer to enjoy Orchard Beach on Lake Ontario. So much history for where this timeless lakeside home resides. With a short walk to town, its proximity to the lake and the outstanding finishes throughout, it is truly one of the most gracious new homes in the area.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-28 | 2024-09-26 | 121 | $11,298,000 | - | Terminated |
| 2023-08-15 | 2024-03-28 | 226 | $11,488,888 | - | Terminated |
| 2023-08-15 | 2024-03-28 | 226 | $11,488,888 | - | Terminated |
| 2022-10-12 | 2023-08-15 | 307 | $11,900,000 | - | Terminated |
Property Features
Arts Centre, Beach, Fenced Yard, Lake/Pond, Park, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
95' x 226'
Acreage
< .50
Lot Irregularities
14.94 Ft X 224.38 Ft X 94.91 Ft X 223.01
Fronting
East
Taxes
$37,491 (2024)
Basement
Finished, Full
Exterior
Stone, Wood
Heat Type
Forced Air
Heat Source
Other
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
10
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 16.01' x 18.01' | Hardwood Floor, Pantry, Pot Lights |
| Breakfast | Main | 16.01' x 18.01' | Hardwood Floor, W/O To Patio, French Doors |
| Great Rm | Main | 27.99' x 18.01' | Hardwood Floor, Fireplace, W/O To Patio |
| Office | Main | 13.91' x 14.01' | Hardwood Floor, Gas Fireplace, W/O To Patio |
| Laundry | Main | 12.99' x 10.01' | Marble Floor, Pot Lights, Window |
| Prim Bdrm | 2nd | 16.01' x 19.00' | Hardwood Floor, 5 Pc Ensuite, W/I Closet |
| 2nd Br | 2nd | 14.76' x 18.01' | Hardwood Floor, B/I Desk, 4 Pc Ensuite |
| 3rd Br | 2nd | 15.49' x 16.08' | Hardwood Floor, B/I Desk, 3 Pc Ensuite |
| 4th Br | 2nd | 13.91' x 15.75' | Hardwood Floor |
| Media/Ent | Bsmt | 14.99' x 18.01' | Heated Floor, Pot Lights |
| 5th Br | Bsmt | 16.01' x 18.01' | Heated Floor, 3 Pc Bath |
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Oakville Market Statistics
Oakville Price Trend
27 Park Ave is a 4-bedroom 9-bathroom home listed for sale at $11,000,000, which is $9,076,141 (471.8%) higher than the average sold price of $1,923,859 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 4 bedroom home in Oakville declined by $34,937 (1.8%) compared to the previous 30 day period (August 18 - September 16) and up $36,481 (1.9%) from the same time one year ago.Inventory Change
There were 174 4-bedroom homes listed in Oakville over the last 30 days (September 17 - October 16), which is up 8.1% compared with the previous 30 day period (August 18 - September 16) and down 1.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($80,216) (4.2%) below asking price over the last 30 days (September 17 - October 16), which represents a $25,115 decrease compared to the previous 30 day period (August 18 - September 16) and ($74,586) 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 (September 17 - October 16) stood at 40.8%, down from 41.0% over the previous 30 days (August 18 - September 16) and up from 26.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 9-bathroom home in Oakville stood at 37 days when successfully sold over the last 30 days (September 17 - October 16), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
Similar Listings
Nestled at the base of Trafalgar Road, in the heart of Old Oakville, this home boasts an impressiveWalk Store of 94 out of 100. With lake front access, steps to lakefront trails, parks, the marina,boutique stores and fine dining. This expansive property boasts dimensions of 155 by 104 ft., andoffers a sweeping vista of the ever-changing lake, endless horizons, and magnificent sunrises.Steeped in a rich history, the house has undergone a transformation into a stunning residencespanning 10,000 sq. ft. across three levels. With 4 bedrooms and an additional 2, totaling 6beautifully appointed bedrooms, and a generous 9 bathrooms, this home exudes refined luxury .Stepinside to discover a custom kitchen seamlessly blending classic charm modern convenience. Luxuriousamenities abound, from the elevator to the lofty ceilings adding grandeur, a captivating walk-inwine cellar, a walk-out basement ,an expansive area for a nanny or in-law suite, a well-equipped gymand a loft.
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