$1,189,000 - 540 Sixteen Mile Drive, Oakville
Townhouse for Sale in Oakville
Neighbourhood: 1008 - GO Glenorchy
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- MLS Number
- W13773004
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 26
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Oakville
- Taxes (2026)
- $5,701
- Listing Brokerage
- SPECTRUM REALTY SERVICES INC.
Welcome to 540 Sixteen Mile Drive - an impressive and beautifully maintained 2-storey town home offering approximately 2,000 sq. ft. of above-grade spacious, thoughtfully designed living space in Oakville's sought-after Preserve community. The bright and inviting main level features a generous living room with hardwood flooring and a cozy gas fireplace, creating the perfect setting for both everyday family living and entertaining. The kitchen and dining area offers a centre island, ample cabinetry and a functional open layout ideal for family gatherings. The main floor also features a convenient powder room, separate laundry room and unexceptionally spacious mudroom with direct garage access and walkout to the side yard. Upstairs, you'll find three generously sized bedrooms, including a spacious primary retreat with a walk-in closet and private 5-piece ensuite. Two additional bedrooms and a 4-piece family bathroom complete the upper level. Ideally located in a family-friendly neighbourhood close to excellent schools, parks, trails, shopping and everyday amenities, with convenient access to Oakville Trafalgar Memorial Hospital and major commuter routes. Offering an exceptional combination of space, comfort, functionality and location, this is a wonderful opportunity to call one of Oakville's most desirable communities home.
Estimate your monthly payments for this property
Estimated Payment
$5,259.35/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 1008 - GO Glenorchy
1008 - GO Glenorchy 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 1008 - GO Glenorchy
- •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
1008 - GO Glenorchy 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.
540 Sixteen Mile 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
Competitive Pricing
At $793/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 26 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Oakville have shown strong appreciation as families seek more space.
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.