30-280 Melody Common, Oakville, ON
River Oaks, Oakville · MLS® W12503522
About this home
In short
- Step into modern living with the Morrison Model at Uptown Oakville.
- Quality finishes begin with oak stairs leading from the main level to the third floor, a rough-in waterline for your refrigerator, and a whole-house lighting package...
- Ask about the exclusive $20,000 in DECOR DOLLARS incentive available to help personalize your new home. Note List Price is inclusive of HST Rebate however, rebate...
Step into modern living with the Morrison Model at Uptown Oakville. This thoughtfully designed freehold townhome offers bright, open spaces and a floor plan that's as functional as it is stylish. Featuring the optional third-floor layout, this home provides extra flexibility - ideal for a home office, guest suite, or media room. Quality finishes begin with oak stairs leading from the main level to the third floor, a rough-in waterline for your refrigerator, and a whole-house lighting package that includes 20 pot lights in pre-determined locations. Every detail is designed with convenience and livability in mind. Photos shown are from the model home to highlight design potential. As this unit is currently unfinished, buyers have the unique opportunity to personalize their interior selections through the builder's design centre - creating a space that reflects their own taste and lifestyle. Located in the heart of Oakville's Uptown Core, this vibrant community blends urban access with suburban tranquility - just minutes from shopping, dining, parks, and top-rated schools. Ask about the exclusive $20,000 in DECOR DOLLARS incentive available to help personalize your new home. *Note List Price is inclusive of HST Rebate however, rebate eligibility may vary, and the final amount payable should be confirmed with the buyer's lawyer.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- W12503522
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Cross streets
- Trafalgar/River Oaks
- Parking
- 2 garage (attached)
- Driveway
- Tandem, Other
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Flat
- Sewer
- Sewer
- Days on market
- 322
- Listing brokerage
- Century 21 Miller Real Estate Ltd.
Rooms
5 Pc Ensuite
4 Pc Bath
4 Pc Bath
Listed at $1,176,885. Comparable closings put this home around $983K, so the ask is about 20% above what similar homes have sold for.
If it sells at this ask, expect about $1.14M, typically $1.11M to $1.16M: that is where homes here have closed against their asks in the last 90 days (10 closings).
The ask and the comparable sales disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).
Longer on the market than typical. 322 days on the market against about 21 for homes like it here, and asking 20% above where comparable closings put it.
Total price vs nearby homes. Fair value about $983K, median of 41 comparables.
The market behind the math:
About 3.6 months of inventory: 12 townhouse homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $673/sqft against an area asking average of $567/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 41 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call.
Based on 41 comparable homes that sold in River Oaks over the past two years, from 48 closings there.
For sale
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $597/sqft; this home lists at $673/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
River Oaks, Oakville, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Oakville.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $941,508 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,154
- Property tax
- $736
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,889
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,013
- Estimated closing costs
- $20,013
Plus your down payment of $235,377. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $309,214
- Principal paid down
- $116,411
- Interest paid
- $192,804
- Balance remaining
- $825,097
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 35 whole-home leases in River Oaks signed at a median of $3,685 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,747. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Century 21 Miller Real Estate Ltd.. MLS®/PropTx.