251 Elmwood Road, Oakville, ON
Central, Oakville · MLS® W12771592
About this home
NEW PRICE!! Charming and impeccably maintained split level home located in trendy Central Oakville. Versatile layout with 3 bedrooms, 2 bathrooms and finished recreational room. Steps away from great schools, shopping, highway access and a short walk to the lake and vibrant Kerr Street and Downtown Oakville. The fenced backyard adds privacy and usable outdoor space to enjoy barbques and family gatherings. Separate detached garage and shed/workshop frame the backyard. Move in and enjoy this cozy home now or have it serve as a blank canvas to create your personal family vision.
Key facts
- Property type
- Detached, Sidesplit
- MLS®
- W12771592
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1100-1500
- Lot
- 60.1 × 100.17 ft
- Cross streets
- SPEERS & DORVAL
- Parking
- 2 garage · 5 parking (detached)
- Driveway
- Available
- Basement
- Partially Finished, Crawl Space
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Other
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,782 / 2025
- Days on market
- 158
- Listing brokerage
- Right At Home Realty, Brokerage
Rooms
2 pc bath · vinyl floor
broadloom · gas fireplace
Hardwood Floor
eat-in kitchen · vinyl floor
Vinyl Floor
4 pc bath · vinyl floor
Broadloom
Hardwood Floor
Broadloom
Hardwood Floor
Vinyl Floor
Listed at $1,149,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 18 similar homes nearby, adjusted for size, beds, and baths.Median of 18 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.08M, a bit lower. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1000K
- Bedrooms −$30K
- Adjusts to $970K
That comparable adjusts to $970K; the $1.21M estimate above is the median of all 18 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a very walkable address with everyday errands close by. Speers Rd east of Dorval Dr is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.21M, median of 18 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 12% below the area average of $1,007/sqft.
153 days longer than the Oakville average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Central, Oakville, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Speers Rd east of Dorval Dr, about 147 m away
Within a 15-minute (1.5 km) walk.
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 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $919,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,905
- Property tax
- $399
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,304
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,455
- Estimated closing costs
- $19,455
Plus your down payment of $229,800. 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
- $294,312
- Principal paid down
- $117,060
- Interest paid
- $177,251
- Balance remaining
- $802,140
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Right At Home Realty, Brokerage. MLS®/PropTx.