$769,000 - 55 Speers Road Unit LPH04 (1804), Oakville
Condo for Sale in Oakville
33 days on marketNeighbourhood: 1002 - CO Central
- MLS Number
- W13593356
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Oakville
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Stunning lower penthouse corner suite at Rain Condos with incredible views of Lake Ontario from every side of the home and the Toronto skyline across the water. Suite 1804 (LPH04) offers 1,179 square feet of bright, open living space with southeast exposure, two bedrooms, a large balcony, two side by side parking spots close to the building entrance, and a locker. Floor to ceiling windows wrap the corner and flood the living and dining area with natural light, and the balcony is the perfect spot to take in the lake and the skyline. The massive primary bedroom easily handles a king bed and offers two closets, while the large washroom features a full bathtub plus a separate shower. The second bedroom is bright and versatile, ideal as a guest room, office or both. The suite shows beautifully and is move in ready. Rain residents enjoy hotel style amenities including 24 hour concierge, indoor pool, hot tub, sauna, fitness centre, party room, guest suites and a rooftop terrace with BBQs. Located in the heart of Kerr Village, steps to shops, cafes and restaurants, a short walk to the Oakville GO station and minutes to downtown Oakville, the waterfront and the QEW. Suites with two parking spots rarely come to market.
Estimate your monthly payments for this property
Estimated Payment
$3,945.37/mo
Includes CMHC insurance ($21,455)
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 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
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.
55 Speers Road Unit LPH04 (1804), 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 $769/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 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.
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. We'll want to verify the monthly fees and what they include.
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.
Investment Perspective
Looking at this as an investment: Oakville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,204 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.