55 Speers Road, Oakville

Price: $429,900

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: W14083868

Welcome to this bright and spacious 586 sq ft open-concept one-bedroom condo in the sought-after Rain & Senses building, ideally located in South Central Oakville. Just steps to the lake and minutes to vibrant Downtown Oakville and Kerr Village, this unit offers the perfect blend of urban convenience and lakeside lifestyle.Enjoy not one but two private balconies - one off the family room and one off the bedroom - perfect for morning coffee or unwinding after a long day. The modern kitchen features sleek cabinetry, stainless steel appliances, and granite countertops, ideal for both everyday living and entertaining.This unit includes 1 underground parking space and 1 locker, plus access to an impressive suite of building amenities: 24-hour concierge, indoor pool, sauna, fitness centre, media room, party room with catering kitchen, and guest suites. The building is also pet-friendly, welcoming residents of all kinds.With walking distance to the GO Station, shopping, transit, and major highways, this location offers unbeatable connectivity for commuters and city-lovers alike.Incredible value in one of Oakville's most desirable communities - don't miss this opportunity!

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New Listing
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$429,900 - 55 Speers Road, Oakville

Condo for Sale in Oakville

New — Listed 7 days ago

Neighbourhood: 1002 - CO Central

1Beds
1Baths
500Sq Ft
Condo

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Property Details
MLS Number
W14083868
Property Type
Condo
Status
active
Days on Site
7
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Oakville
Taxes (2026)
$2,360
Maintenance Fees
$530/mo
Locker
Owned
Exposure
South West
Balcony
Open
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Description

Welcome to this bright and spacious 586 sq ft open-concept one-bedroom condo in the sought-after Rain & Senses building, ideally located in South Central Oakville. Just steps to the lake and minutes to vibrant Downtown Oakville and Kerr Village, this unit offers the perfect blend of urban convenience and lakeside lifestyle.Enjoy not one but two private balconies - one off the family room and one off the bedroom - perfect for morning coffee or unwinding after a long day. The modern kitchen features sleek cabinetry, stainless steel appliances, and granite countertops, ideal for both everyday living and entertaining.This unit includes 1 underground parking space and 1 locker, plus access to an impressive suite of building amenities: 24-hour concierge, indoor pool, sauna, fitness centre, media room, party room with catering kitchen, and guest suites. The building is also pet-friendly, welcoming residents of all kinds.With walking distance to the GO Station, shopping, transit, and major highways, this location offers unbeatable connectivity for commuters and city-lovers alike.Incredible value in one of Oakville's most desirable communities - don't miss this opportunity!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,205.61/mo

Includes CMHC insurance ($11,994)

$
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5-yr fixed avg.

Principal: $386,910Interest: $262,779
Mortgage Amount$398,904
Total Interest$262,779
Est. Property Tax$305/mo
Total Cost$661,683

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: 1002 - CO Central

Discover 1002 - CO Central

1002 - CO Central 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 1002 - CO Central

  • •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

1002 - CO Central 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

55 Speers Road, Oakville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$530
Property Tax (est.)-$305
Insurance (est.)-$90
Net Cash Flow+$875

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 $860/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Oakville's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 $530/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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 1002 - CO Central

I know 1002 - CO Central 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.

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    55 Speers Road, Oakville | $429,900 | Battaglia Team