1242 Donlea Crescent, Oakville

Price: $2,498,000

3 bedrooms, 3 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: W13815744

If you're a buyer looking in Morrison under the $2.5M mark, you may be finding your options to be a little...complicated. At this price point, properties tend to fall somewhere along the axis of land or house. Finding one where you have a compelling case for both is considerably harder.So, first things first. Buy on the best street you can afford. This is where Donlea delivers. A genuinely quiet street, beautiful homes, right at the heart of the neighbourhood and with schools close enough for the children to walk themselves. Frankly put, it's ideal.Then there's the land. With a new survey available, this west-backing 93' x 185' lot with stream offers the potential to build approximately 5,200 sq. ft. For those looking to create their forever home, it's a rare opportunity to secure a substantial piece of land in one of Oakville's premier neighbourhoods.But it would be remiss not to acknowledge that there is also a great deal of house here to love - and renovate.The existing 3,263 sq. ft., four-level side-split is surprisingly generous, with large bedrooms, a double garage and plenty of scope to reimagine the spaces. Think contemporary interiors, wall-to-wall windows and a seamless floorplan, all while retaining the scale and character that make this house work. A fantastic opportunity for those who want to control their budget while creating equity. In other words, you have options. Build new. Renovate. Or simply take your time and decide what makes the most sense for you.With this kind of flexibility, the upside is yours to create.

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active

$2,498,000 - 1242 Donlea Crescent, Oakville

Detached for Sale in Oakville

Neighbourhood: 1011 - MO Morrison

3Beds
3Baths
2,500 - 2,999Sq Ft
Detached

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Property Details
MLS Number
W13815744
Property Type
Detached
Status
active
Days on Site
15
Bedrooms
3
Bathrooms
3
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Oakville
Taxes (2026)
$11,665
Listing Brokerage
CENTURY 21 MILLER REAL ESTATE LTD.
Description

If you're a buyer looking in Morrison under the $2.5M mark, you may be finding your options to be a little...complicated. At this price point, properties tend to fall somewhere along the axis of land or house. Finding one where you have a compelling case for both is considerably harder.So, first things first. Buy on the best street you can afford. This is where Donlea delivers. A genuinely quiet street, beautiful homes, right at the heart of the neighbourhood and with schools close enough for the children to walk themselves. Frankly put, it's ideal.Then there's the land. With a new survey available, this west-backing 93' x 185' lot with stream offers the potential to build approximately 5,200 sq. ft. For those looking to create their forever home, it's a rare opportunity to secure a substantial piece of land in one of Oakville's premier neighbourhoods.But it would be remiss not to acknowledge that there is also a great deal of house here to love - and renovate.The existing 3,263 sq. ft., four-level side-split is surprisingly generous, with large bedrooms, a double garage and plenty of scope to reimagine the spaces. Think contemporary interiors, wall-to-wall windows and a seamless floorplan, all while retaining the scale and character that make this house work. A fantastic opportunity for those who want to control their budget while creating equity. In other words, you have options. Build new. Renovate. Or simply take your time and decide what makes the most sense for you.With this kind of flexibility, the upside is yours to create.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$11,049.50/mo

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5-yr fixed avg.

Principal: $1,998,400Interest: $1,316,449
Mortgage Amount$1,998,400
Total Interest$1,316,449
Est. Property Tax$1,769/mo
Total Cost$3,314,849

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 1011 - MO Morrison

Discover 1011 - MO Morrison

1011 - MO Morrison is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 1011 - MO Morrison

  • •Convenient location in Oakville
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Oakville Trafalgar High SchoolPublic High School
Iroquois Ridge High SchoolPublic High School
Holy Trinity Catholic Secondary SchoolCatholic High School
Abbey Park High SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

1011 - MO Morrison offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1242 Donlea Crescent, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,150/mo
Range: $2,678 - $3,622
Cap Rate (ROI)
0.4%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,150
Maintenance Fees-$0
Property Tax (est.)-$1,769
Insurance (est.)-$520
Net Cash Flow+$861

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $999/sqft, this property is priced in line with current Oakville market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Market Position

At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Oakville are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Oakville Premium

Oakville commands premium prices for good reasons: top-rated schools, waterfront access, charming downtown, and affluent community. Homes here hold value exceptionally well during market corrections. The trade-off is higher property taxes and home prices. If schools and lifestyle are priorities, Oakville delivers.

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    1242 Donlea Crescent, Oakville | $2,498,000 | Battaglia Team