142 Abbey Court, Oakville, ON
Morrison, Oakville · MLS® W13477068
About this home
Rare opportunity in Oakville's prestigious Morrison neighbourhood. Situated on an exceptional 19,095 sq. ft. lot on a quiet court, this oversized property presents endless possibilities for builders, investors, and end-users alike. Whether you're looking to construct a landmark custom estate, renovate and modernize the existing residence, or enjoy the home as it stands, this is a property with extraordinary potential in one of Oakville's most sought-after luxury enclaves.Zoned RL1-0, the lot may accommodate a custom home of approximately 5,500+ sq. ft. above grade (subject to purchaser verification and municipal approvals), offering the opportunity to create a truly remarkable residence surrounded by some of the area's finest custom homes. Alternatively, the existing four-bedroom family home provides a solid foundation for a substantial renovation, featuring generous principal rooms, two fireplaces, a finished basement, and views of the expansive private grounds.The backyard is a standout feature, complete with a saltwater in-ground pool, stone patio, mature trees, and extensive green space, creating a private retreat rarely found in today's market. A double garage and oversized driveway provide parking for multiple vehicles.Ideally located just minutes from downtown Oakville, Lake Ontario, GO Transit, parks, and some of the region's top-rated public and private schools, this is a rare chance to secure a premium Morrison property on a lot larger than many currently available in the area. Build, renovate, or enjoy-the choice is yours.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13477068
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500
- Lot
- 78 × 158 ft
- Cross streets
- Cairncroft Rd & Lakeshore Rd E
- Parking
- 2 garage · 8 parking (attached)
- Driveway
- Private Double
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Metal/Steel Siding
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $13,582 / 2026
- Days on market
- 25
- Listing brokerage
- RE/MAX ABOUTOWNE REALTY CORP.
Rooms
Listed at $2,999,900, this home is about 22% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
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 $2.88M, 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 $2.50M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $2.45M
That comparable adjusts to $2.45M; the $2.45M 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 more car-dependent spot, so buyers here typically drive. Devon Rd + Cairncroft Rd is about a 11-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $2.45M, 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 24% above the area average of $1,077/sqft.
19 days longer than the Oakville average (6 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
Car-DependentA 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.
Almost all errands require a car.
🚉 Nearest transit: Devon Rd + Cairncroft Rd, about 873 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 $2,399,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,807
- Property tax
- $1,132
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,939
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $61,473
- Estimated closing costs
- $61,473
Plus your down payment of $599,980. 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
- $768,412
- Principal paid down
- $305,630
- Interest paid
- $462,781
- Balance remaining
- $2,094,290
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 RE/MAX ABOUTOWNE REALTY CORP.. MLS®/PropTx.