280 Balsam Dr

FOR SALE
$6,695,000
280 Balsam Dr, Oakville
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4
BEDROOMS
7
BATHROOMS
1
KITCHENS
10 + 6
ROOMS
W9265179
MLSID
Contact Us
Property Description
Welcome to an Extraordinary Custom-Built Masterpiece in Downtown Oakville. Step into unparalleled luxury with this stunning custom-built sidesplit, just moments away from the vibrant downtown Oakville and the serene lakefront. Spanning over 6,600 square feet of meticulously designed living space, this residence offers a blend of elegance and comfort. Each of the spacious bedrms features its own private ensuite, ensuring convenience and privacy for everyone. Entertain in style with 3 well-appointed bars, perfect for hosting gatherings or relaxing with friends. The homes incredible landscaping/hardscaping create a picturesque outdoor setting, complementing the beautifully maintained interior. Work from home with ease in one of the two dedicated offices, or unwind in the covered, screened porch with its inviting fireplace. Every inch of this home has been fully updated and boasts high-end finishes and thoughtful upgrades throughout. This property is more than just a home, it's a lifestyle!
Property Features
Fenced Yard, Level, Library, Marina
Property Details
Street
Community
Property Type
Detached, Sidesplit 3
Approximate Sq.Ft.
5000+
Lot Size
144' x 153'
Acreage
< .50
Fronting
West
Taxes
$28,833 (2024)
Basement
Crawl Space, Finished
Exterior
Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
11
Driveway
Front Yard
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FamilyMain16.57' x 22.74'Fireplace
DiningMain21.42' x 22.01'
KitchenMain14.07' x 21.16'
LivingMain13.09' x 19.42'
OfficeMain10.66' x 13.25'
Prim Bdrm2nd20.41' x 14.83'
BrMain13.32' x 14.50'
Br2nd13.58' x 16.17'
Br2nd13.58' x 17.09'
Library2nd9.74' x 21.65'Fireplace
RecLower15.16' x 19.26'Fireplace
GamesLower12.76' x 28.18'
Oakville Market Statistics
Oakville Price Trend
280 Balsam Dr is a 4-bedroom 7-bathroom home listed for sale at $6,695,000, which is $4,888,238 (270.6%) higher than the average sold price of $1,806,762 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in Oakville declined by $93,630 (4.9%) compared to the previous 30 day period (July 17 - August 15) and down $231,133 (11.3%) from the same time one year ago.
Inventory Change
There were 160 4-bedroom homes listed in Oakville over the last 30 days (August 16 - September 14), which is up 39.1% compared with the previous 30 day period (July 17 - August 15) and up 6.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($54,166) (3.0%) below asking price over the last 30 days (August 16 - September 14), which represents a $118 decrease compared to the previous 30 day period (July 17 - August 15) and ($48,824) 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 16 - September 14) stood at 41.9%, down from 60.9% over the previous 30 days (July 17 - August 15) and up from 41.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 7-bathroom home in Oakville stood at 23 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Aboutowne Realty Corp.
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