Oakville New Condo Living
Oakville condos are located in the best of neighbourhoods, rich in urban amenities and natural beauty. Oakville is just 30 minutes from downtown Toronto and an hour’s drive from Niagara Falls. The town offers a large variety of amenities, including restaurants serving a variety of cuisines, amusement parks, shopping malls, schools, golf clubs, cinemas, hotels, parks and more. Oakville is the largest town in Ontario and is a part of the Greater Toronto Area.
Oakville is the largest and the most densely populated towns of Canada. The town has more young people than the rest of Canada. Those under 19 years of age make up 28.1% of the total population of Oakville.
The town has a wide variety of restaurants and cafes. Some of the top restaurants around Oakville condos include Ritorno, Tavolo Restaurant, Trattoria Timone Ristorante, Cucci, Spoon & Fork, La Parisienne Creperie, Chop Steakhouse & Bar and more. There are plenty of fun places for kids too such as Amazing Adventures Playland, a multilevel play structure and a toddler area; Coronation Park with a splash pad and volleyball nets near the lake; and the Bronte Heritage Waterfront Park, a perfect park for adults and kids.
Shopping malls are not far from Oakville condos either. The neighbourhood has shopping malls, including Oakville Place, South Oakville Centre, Upper Oakville Shopping Centre, Riocan Centre Burloak and Bronte Village Mall. The many retail stores in Oakville also add to the convenience of the residents. Oakville condo residents also have easy access to numerous schools. A fine combination of urban facilities and relaxing natural spaces, Oakville condos offer homebuyers the best of everything.
Oakville Real Estate Condo Prices
Average Oakville real estate market prices across the board for condos, townhomes, detached and semi-detached properties stands at $1.4 million, as of January 2024. It shows yearly decrease of 2.2%.
Condo prices in Oakville –
For Oakville condos, prices have increased for 1-bed and 2-bed condo suites while prices for 3-bed condo units have increased exponentially.
- For 1-bedroom condo in Oakville, the price stands at $501,000, showing a 6% decrease in prices over the year, as of January 2024. A year ago, the price was $533,000.
- For a 2-bedroom condo in Oakville, price is at $622,000, showing a decrease of a whooping 59%. A year ago, the price was $1.5 million.
- For a 3-bedroom condo in Oakville, prices stand at $2.2 million, showing a stark increase of 221% since the previous year. A year ago, the price was $693,000.
On an average, prices are about $804,000, showing a drop of 31%. The previous year, the average condo price in Oakville was $1.2 million.
Prices differ according to location, suit sizes and other features such as amenities included in the condo.
Townhome prices in Oakville –
On an average, prices of owning a townhouse in Oakville have increased by 11% since previous year.
– A 2-bedroom townhouse is priced at $812,000, showing a 2% decrease in prices than previous year. Last year, the prices stood at $825,000.
– Cost of a 3-bedroom townhome is $1.1 million, showing an 8% increase in prices. Last year, the prices were $1 million.
– Price of a 4-bedroom townhome stands at $1.4 million.
Detached homes prices in Oakville –
Prices of detached homes in Oakville increased by 8% from the previous year. On an average, a detached home in Oakville is priced at $1.8 million. A year ago, price of a detached home in Oakville stood at $1.7 million.
- 2-bedroom detached home in Oakville is priced at $1.1 million.
- 3-bedroom detached home in Oakville is priced at $1.4 million, showing a decrease of 1%. A year ago, the price was $1.4 million.
- 4-bedroom detached home in Oakville is priced at $2 million, showing an increase of 7%. A year ago, the price was $1.8 million.
- 5-bedroom detached home in Oakville is priced at $2.8 million, showing an increase of 39%. A year ago, the price was $2 million.
Oakville New Condos Transit
Oakville condos residents enjoy high accessibility. Travelling via Queen Elizabeth Way and Gardiner Expy takes you to Toronto in only 30 minutes by car.
Two major highways pass through Oakville: Hwy 403 and Hwy 407. Hwy 403 travels from the northeast of Oakville to the southwest areas and further into the neighbouring areas. Hwy 407 borders the northwestern areas of Oakville and intersects Hwy 403 on the northern end of Oakville.
Lakeshore Rd W is another important road that runs close to the waterfront. Proximity to Toronto Pearson International Airport is another major advantage of living in Oakville condos. Only 32 km away via Queen Elizabeth Way and Hwy 427, it takes about 23 minutes to reach the airport from Oakville condos.
As for public transport, there is the local bus service, and GO Transit train and bus services at Bronte and Oakville stations. Via Rail also operates from the Oakville station and serves the line between Windsor and Quebec corridor. With highways, a good arterial road network, various GO stations and proximity to both the international airport and Toronto, Oakville condos are perfectly located for convenient travelling.
