271 Wedgewood Dr

FOR SALE
$3,199,000
271 Wedgewood Dr, Oakville
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3 + 2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5 + 2
ROOMS
W11993425
MLSID
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Property Description
**Exquisite Luxury Bungalow in Prestigious Morrison Backing onto Parkland! ** Welcome to an extraordinary, fully renovated luxury bungalow in the heart of Morrison, Oakville. Nestled among multi-million dollar estates, this stunning residence offers the perfect blend of elegance, privacy, and modern sophistication. Step into a spacious open-concept living and dining area, designed for seamless entertaining and everyday comfort. The gourmet eat-in kitchen boasts premium stainless steel appliances, sleek granite countertops, and custom cabinetry, creating a chefs dream space.Enjoy your morning tea in the serene, meticulously maintained backyard, where lush, mature trees frame a breathtaking oasis. Unwind by the large swimming pool, surrounded by natures beauty, with direct access to scenic parkland for ultimate tranquility. This exceptional property is located just steps from top-rated schools, including Oakville Trafalgar High School, EJ James PS, Linbrook School, St. Mildreds-Lightbourn, St. Vincent, and Maple Grove PS. Enjoy walking distance to the lake, Gairloch Gardens, and a wealth of fine amenities that make Morrison one of Oakvilles most sought-after neighborhoods. Dont miss this rare opportunity to own a prestigious home in an unparalleled location.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-28 2024-08-27 30 $6,800 $6,800 Leased
2023-04-29 2023-08-02 95 $6,600 $6,400 Leased
2022-04-06 2022-05-13 37 $6,200 $6,050 Leased
2021-02-06 2021-03-01 23 $2,549,000 - Terminated
2019-05-02 2019-06-18 48 $3,600 $2,800 Leased
2019-01-11 2019-03-26 75 $1,749,000 $1,620,000 Sold
2018-09-26 2019-01-14 110 $1,798,888 - Terminated
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
111' x 136'
Fronting
East
Taxes
$11,086 (2024)
Basement
Finished
Exterior
Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Pool
Inground
Parking Spaces
2
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingGround13.68' x 20.01'Hardwood Floor
DiningGround9.32' x 10.01'Hardwood Floor
KitchenGround9.68' x 14.67'Hardwood Floor
Prim BdrmGround11.25' x 12.60'Hardwood Floor
2nd BrGround9.84' x 10.24'Hardwood Floor
3rd BrGround8.92' x 9.91'Hardwood Floor
Oakville Market Statistics
Oakville Price Trend
271 Wedgewood Dr is a 3-bedroom 2-bathroom home listed for sale at $3,199,000, which is $1,630,179 (103.9%) higher than the average sold price of $1,568,821 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Oakville increased by $58,294 (3.9%) compared to the previous 30 day period (December 22 - January 20) and up $126,578 (8.8%) from the same time one year ago.
Inventory Change
There were 77 3-bedroom homes listed in Oakville over the last 30 days (January 21 - February 19), which is up 60.4% compared with the previous 30 day period (December 22 - January 20) and up 42.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Oakville typically sold ($29,933) (1.9%) below asking price over the last 30 days (January 21 - February 19), which represents a $4,201 decrease compared to the previous 30 day period (December 22 - January 20) and ($15,718) 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 3-bedroom homes in Oakville over the last 30 days (January 21 - February 19) stood at 54.5%, up from 37.5% over the previous 30 days (December 22 - January 20) and down from 68.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Oakville stood at 14 days when successfully sold over the last 30 days (January 21 - February 19), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Alliance Realty
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