$739,900 - 1532 Lancaster Drive Unit 38, Oakville
Condo for Sale in Oakville
Neighbourhood: 1005 - FA Falgarwood
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- MLS Number
- W13789274
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Oakville
- Taxes (2026)
- $2,987
- Maintenance Fees
- $475/mo
- Locker
- Ensuite
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE CERTIFIED REALTY
An exclusive opportunity in one of Oakville's most established family-friendly communities, this beautifully upgraded 3-bedroom townhouse combines smart design, impressive functionality and low maintenance fees. The custom kitchen is a true showpiece, thoughtfully designed with generous counter space, abundant cabinetry, stainless steel appliances and excellent storage, opening seamlessly to the bright living and dining areas enhanced by extensive pot lights. An extra-wide custom patio door with built-in covering leads to the private rear deck, while the finished lower level adds valuable living space with a custom 3-piece bathroom and thoughtfully designed laundry area. Upstairs features an upgraded deep soaker tub, and additional improvements include A/C 2026, windows and front door 2025, main-floor flooring 2023, central vacuum, new garage door, insulated garage with ample storage, plug-in for an EV charger and a longer-than-average driveway. The home backs onto green space, sits on an extra-wide road and faces detached homes, creating a more open and desirable setting. Ideally located near excellent public and Catholic schools, highly regarded Iroquois Ridge High School, parks, trails, sports facilities, Iroquois Ridge Community Centre, Sheridan Collage ,shopping and restaurants. Transit is directly across the road, Oakville GO approx. 7 minutes away, QEW/403 approx. 5 minutes, with convenient access to Highways 407 and 401. A turnkey Oakville home offering style, space, privacy and outstanding commuter convenience.
Estimate your monthly payments for this property
Estimated Payment
$3,796.07/mo
Includes CMHC insurance ($20,643)
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 1005 - FA Falgarwood
1005 - FA Falgarwood 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 1005 - FA Falgarwood
- •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
1005 - FA Falgarwood 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.
1532 Lancaster Drive Unit 38, Oakville
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $740/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 21 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $475/month fees should cover building insurance, common elements, and reserve contributions.
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.
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.
About 1005 - FA Falgarwood
I know 1005 - FA Falgarwood well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.