240 Poplar Drive, Oakville, ON
Morrison, Oakville · MLS® W13471308
About this home
Set on a rare 130' x 130' lot in the heart of Southeast Oakville, 240 Poplar Drive offers approximately 6,900 sq. ft. of finished living space on one of the area's most desirable streets.Designed by Bill Hicks, this custom home features generous principal rooms, a highly functional family layout and exceptional outdoor living. The private backyard includes mature landscaping, extensive stonework, an in-ground pool with waterfall, integrated hot tub, landscape lighting, a dedicated pool equipment house and multiple outdoor entertaining areas.The home has benefited from ongoing updates and improvements throughout ownership, including hardwood flooring, décor, landscaping and pool improvements, mechanical upgrades and integrated technology.The upper level offers spacious family accommodation highlighted by a private primary suite with steam shower ensuite. The fully finished lower level provides flexible space for recreation, fitness, hobbies, entertaining and guest accommodation.Located within walking distance of downtown Oakville, Lake Ontario, parks, restaurants, boutiques and some of Ontario's top-ranked schools, this is a rare opportunity to acquire a family home on an exceptional lot in one of Oakville's most established neighbourhoods.Large lots, mature trees and this level of privacy are increasingly difficult to find in Southeast Oakville. 240 Poplar Drive offers a rare combination of space, privacy and walkability in a premier South Oakville location.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13471308
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000
- Lot
- 130 × 130 ft
- Cross streets
- Chartwell Rd / Lakeshore Rd E
- Parking
- 3 garage · 13 parking (attached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- None
- Pool
- Inground, Salt, Outdoor
- Property tax
- $30,338 / 2026
- Days on market
- 27
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Listed at $6,295,000, this home is about 29% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $6.61M, higher than the comparables and worth a second look.
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 $6.25M
- Bathrooms −$15K
- Adjusts to $6.24M
That comparable adjusts to $6.24M; the $4.87M estimate above is the median of all 11 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Linbrook Dr at St Mildred's School is about a 9-minute walk away.
Total price vs nearby homes. Fair value about $4.87M, median of 11 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Primary suite: a key comfort and resale feature.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Weigh carefully
- Value driver
- Lifestyle
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 19% above the area average of $1,249/sqft.
22 days longer than the Oakville average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Morrison, Oakville, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Linbrook Dr at St Mildred's School, about 693 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 18, 2026); conventional rates run a little higher.
Mortgage amount $5,036,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $26,874
- Property tax
- $2,528
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $29,402
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $143,850
- Estimated closing costs
- $143,850
Plus your down payment of $1,259,000. 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
- $1,612,438
- Principal paid down
- $641,336
- Interest paid
- $971,102
- Balance remaining
- $4,394,664
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.