40 Old Mill Rd PH2
1014 - QE Queen Elizabeth, Oakville, L6J 7W2
FOR SALE
$619,000
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BEDROOMS1
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Property Description
Welcome to the beautiful Oakridge Heights community, surrounded by nature and conveniently located in South Oakville only a 10 min walk to downtown Oakville and the Lake. This spacious Penthouse Suite is a 1 Bedroom + Den offering approximately 820 sq ft in a well laid out foorplan. The Kitchen boasts granite counters with a breakfast bar, double sink and undermount lighting. Penthouse 2 features hardwood floors, crown moulding, a built-in gas fireplace with a custom stone wall as well as 9 ft ceilings throughout. The expansive Primary Bedroom offers berber carpet, a walk-in closet and an additional double mirror sliding door closet. Great size Den currently being used as a Second Bedroom but would also make a wonderful home ofce or a separate Dining room. The Washroom includes a Jacuzzi tub and a separate stand up shower.Enjoy the beautiful sunset views from your Juliet balcony. Ensuite laundry with great storage space. The Tandem Parking Spot can accommodate 2 Cars. Quiet, well run building. Oakridge Heights offers residents gate house security, indoor swimming pool, gym, newlyrenovated party room, an outdoor BBQ area and plenty of visitors parking. Steps to the Oakville GO and easy access to the QEW. This condo is located a short stroll to Whole Foods, Shoppers, Starbucks and many other shops and restaurants.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-12-19 | 2025-01-14 | 26 | $619,000 | - | Terminated |
| 2024-09-13 | 2024-12-13 | 91 | $625,000 | - | Expired |
| 2024-06-12 | 2024-09-13 | 93 | $625,000 | - | Terminated |
Nearby Intersections
Speers & Kerr (29)
Property Features
Electric Car Charger, Public Transit, Ravine
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$2,539 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Exclusive
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.40' x 18.77' | Crown Moulding, Fireplace, Juliette Balcony |
| Kitchen | Flat | 8.43' x 8.01' | Breakfast Bar, Quartz Counter, Custom Backsplash |
| Prim Bdrm | Flat | 9.68' x 16.93' | Picture Window, Ceiling Fan, Mirrored Closet |
| Den | Flat | 8.01' x 8.17' | Ceiling Fan, French Doors, Hardwood Floor |
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Oakville Market Statistics
Oakville Price Trend
40 Old Mill Rd PH2 is a 1-bedroom 1-bathroom condo listed for sale at $619,000, which is $84,900 (15.9%) higher than the average sold price of $534,100 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Oakville declined by $6,455 (1.2%) compared to the previous 30 day period (December 22 - January 20) and down $14,126 (2.6%) from the same time one year ago.Inventory Change
There were 71 1-bedroom condos listed in Oakville over the last 30 days (January 21 - February 19), which is up 24.6% compared with the previous 30 day period (December 22 - January 20) and up 73.2% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Oakville typically sold ($12,892) (2.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,682 increase compared to the previous 30 day period (December 22 - January 20) and ($16,586) more 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 1-bedroom condos in Oakville over the last 30 days (January 21 - February 19) stood at 19.7%, down from 21.1% over the previous 30 days (December 22 - January 20) and down from 51.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Oakville stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 37 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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