204 Mary Street, Oakville, ON
Central, Oakville · MLS® W12962650
About this home
**Modern Architectural Home with Value-Add Potential in Prime Central Oakville** An exceptional opportunity for builders, investors, and savvy buyers to acquire a modern, architecturally striking home in one of Oakville's most desirable neighbourhoods. Offering over 3,400 sq ft of above-grade living space, this 4-bedroom residence features soaring 21-ft ceilings, expansive windows, and a bright open-concept layout designed for contemporary living.The main level showcases wide-plank hardwood flooring, a dramatic family room with impressive ceiling height, and seamless flow between living, dining, and kitchen spaces. Large bifold doors open to a side patio, offering indoor-outdoor integration and the opportunity to further enhance exterior living.Upstairs, four generously sized bedrooms include a spacious primary retreat with walk-in closet and 5-piece ensuite. The unfinished basement presents a blank canvas with rough-in already in place - ideal for creating additional living space, a secondary suite, or premium recreational area. Set on a 60 x 119 ft lot in a highly sought-after location close to downtown Oakville, the lakefront, parks, and top-rated schools, this property offers strong long-term upside.Recent improvements underway further enhance functionality, including relocation of the laundry area to improve main floor flow. **Seller financing available** flexible terms with no income qualification (conditions apply). Property being sold in as-is condition. A rare opportunity to customize and add value in a premier neighbourhood.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12962650
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 3000-3500
- Lot
- 60 × 119.9 ft
- Cross streets
- Dorval Dr & Speers Rd
- Parking
- 2 garage · 4 parking (built-in)
- Basement
- Full, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Veneer, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $12,620 / 2025
- Days on market
- 101
- Listing brokerage
- CITYSCAPE REAL ESTATE LTD.
Rooms
open concept · pot lights
hardwood floor · b/i closet
pot lights · hardwood floor · large window
hardwood floor · b/i closet
hardwood floor · b/i closet
open concept · b/i shelves · hardwood floor
5 pc ensuite · walk-in closet(s) · hardwood floor
closet · laundry sink
hardwood floor · w/o to patio
5 pc bath · hardwood floor · pot lights
3 pc bath · separate shower
hardwood floor · quartz counter · b/i appliances
Listed at $1,999,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Central, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.62M, a bit higher.
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 $1.80M
- Bathrooms −$15K
- Adjusts to $1.78M
That comparable adjusts to $1.78M; the $2.27M estimate above is the median of all 5 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. Mary St + Maurice Dr is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.27M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homes96 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: Mary St + Maurice Dr, about 20 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,599,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,534
- Property tax
- $1,052
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,586
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Estimated closing costs
- $36,455
Plus your down payment of $399,800. 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
- $512,035
- Principal paid down
- $203,658
- Interest paid
- $308,377
- Balance remaining
- $1,395,542
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 CITYSCAPE REAL ESTATE LTD.. MLS®/PropTx.