$17,500/mo - 1362 Devon Road, Oakville
Detached for Rent in Oakville
33 days on marketNeighbourhood: 1011 - MO Morrison
- MLS Number
- W13592480
- Property Type
- Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 6
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Luxury Oakville Home For Lease. Featuring soaring vaulted ceilings, expansive walls of glass, and a thoughtfully designed open-concept layout, this residence is flooded with natural light throughout. The home offers 4 spacious bedrooms, each with its own luxurious ensuite bath, plus 2 additional bedrooms in the professionally finished walk-out basement. Spa-inspired bathrooms feature heated floors and towel warmers for year-round comfort. The designer chef's kitchen is the heart of the home, showcasing an oversized granite centre island, integrated premium appliances, and custom leather bar stools. A dedicated main-floor office provides the ideal work-from-home environment, while the grand living area is anchored by a 76" flat-screen TV. Enjoy unparalleled privacy with no neighbours behind or on the south side of the property. The finished walk-out basement provides seamless access to the outdoor entertaining area, featuring a patio and inground pool. Smart-home features include extended zoned Wi-Fi throughout, security cameras, and LED exterior landscape lighting. Perfectly positioned beside Wedgewood Park and walking trails, and within walking distance to Lake Ontario and the Oakville waterfront promenade. Located in one of Oakville's most sought after school districts, including Oakville Trafalgar High School. Grounds maintenance, as well as pool opening and closing services, are included and maintained by the owner. A rare opportunity to lease a truly exceptional luxury home in one of Oakville's most coveted neighbourhoods. Some Photos Virtually Staged.
Estimate your monthly payments for this property
Estimated Payment
$89.78/mo
Includes CMHC insurance ($488)
5-yr fixed avg.
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.
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
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.
1362 Devon Road, Oakville
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $17,500/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Oakville. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 33 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Oakville.
Bathroom Count Matters
With 7 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.