$6,295,000 - 240 Poplar Drive, Oakville
Detached for Sale in Oakville
Neighbourhood: 1011 - MO Morrison
- MLS Number
- W13471308
- Property Type
- Detached
- Status
- active
- Days on Site
- 17
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Set on a rare 130' x 130' lot in the heart of Southeast Oakville, 240 Poplar Drive offers approximately 6,900 sq. ft. of finished living space on one of the area's most desirable streets.Designed by Bill Hicks, this custom home features generous principal rooms, a highly functional family layout and exceptional outdoor living. The private backyard includes mature landscaping, extensive stonework, an in-ground pool with waterfall, integrated hot tub, landscape lighting, a dedicated pool equipment house and multiple outdoor entertaining areas.The home has benefited from ongoing updates and improvements throughout ownership, including hardwood flooring, décor, landscaping and pool improvements, mechanical upgrades and integrated technology.The upper level offers spacious family accommodation highlighted by a private primary suite with steam shower ensuite. The fully finished lower level provides flexible space for recreation, fitness, hobbies, entertaining and guest accommodation.Located within walking distance of downtown Oakville, Lake Ontario, parks, restaurants, boutiques and some of Ontario's top-ranked schools, this is a rare opportunity to acquire a family home on an exceptional lot in one of Oakville's most established neighbourhoods.Large lots, mature trees and this level of privacy are increasingly difficult to find in Southeast Oakville. 240 Poplar Drive offers a rare combination of space, privacy and walkability in a premier South Oakville location.
Estimate your monthly payments for this property
Estimated Payment
$27,844.91/mo
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.
240 Poplar Drive, 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
Premium Pricing
At $1799/sqft, this property is priced above the Oakville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 17 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 5 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 6 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.