127 Mayfield Drive, Oakville, ON
College Park, Oakville · MLS® W13545806
About this home
In short
- Exceptional opportunity in the highly sought-after College Park community of Oakville.
- The home has just become vacant and was previously generating $4,200 per month in rental income, making it an excellent investment opportunity with immediate income...
- Situated on a premium lot, the property features parking for up to 8 vehicles, including a 6-car driveway and a 2-car attached garage.
- The backyard offers a full-size 16 ft x 32 ft in-ground swimming pool, creating a fantastic outdoor entertaining space.
- The pool is fully in place and functional but requires routine maintenance and a new liner, presenting a great opportunity for the next owner to restore it to its...
Exceptional opportunity in the highly sought-after College Park community of Oakville! Welcome to 127 Mayfield Drive, a well-maintained, move-in-ready bungalow offering 4 spacious bedrooms, 2 full washrooms, a bright living room with fireplace, a generous dining area, and an expansive kitchen-perfect for families, investors, or builders alike. The home has just become vacant and was previously generating $4,200 per month in rental income, making it an excellent investment opportunity with immediate income potential if leased again.Situated on a premium lot, the property features parking for up to 8 vehicles, including a 6-car driveway and a 2-car attached garage. The backyard offers a full-size 16 ft x 32 ft in-ground swimming pool, creating a fantastic outdoor entertaining space. The pool is fully in place and functional but requires routine maintenance and a new liner, presenting a great opportunity for the next owner to restore it to its full potential. For builders and developers, this property comes with approved permits to construct approximately 3,400 sq. ft. above grade (approximately 5,200 sq. ft. including the basement), allowing you to build a spectacular luxury custom home in a neighbourhood surrounded by newly built multi-million-dollar residences. Ideally located just 7 minutes from Lakeshore Road, 2 minutes from the golf course, and 5 minutes from Downtown Oakville, with easy access to top-rated schools, parks, shopping, restaurants, transit, and all major amenities.Whether you're looking for a move-in-ready home, a strong investment property, or the perfect lot to build your dream custom residence, 127 Mayfield Drive presents a rare opportunity in one of Oakville's fastest-transforming luxury neighbourhoods.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13545806
- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 60 × 131 ft
- Cross streets
- Upper Middle / Sixth Line
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Partially Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $5,901 / 2025
- Days on market
- 98
- Listing brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Rooms
hardwood floor · open concept
hardwood floor · cathedral ceiling(s)
double closet · hardwood floor · w/o to pool
3 Pc Bath
hardwood floor · w/o to pool · gas fireplace
ceramic floor · pot lights · open concept
3 Pc Bath
hardwood floor · cathedral ceiling(s)
ceramic floor · w/o to pool · vaulted ceiling(s)
hardwood floor · cathedral ceiling(s)
Listed at $1,289,990. Going by how homes in College Park and the wider GTA have actually closed against their asking prices (about 97%, 14 local closings in 90 days), the likely sale price is near $1.25M, if it sells. A realistic range is $1.17M to $1.41M.
Independent value check: $1.26M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $1.18M and $1.32M).
Why $1.26M. The typical detached home sold in College Park over the past year went for about $1.21M (55 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $5,901 a year; the typical home sold here pays about $5,400.
- ▲ Raises itThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $1.25M, from 14 recent closings in this pocket.
The market behind the math:
About 4.1 months of inventory: 19 detached homes for sale in the area against 14 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $737/sqft against an area asking average of $826/sqft.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.12M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in College Park, so I widened the search to the surrounding area.
Based on 14 comparable homes that sold in College Park over the past two years, from 119 closings there.
For sale
For sale
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.26M, which is where my estimate comes from.
Per square foot, these ask about $798/sqft; this home lists at $737/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Oakville: $1.55M in September 2026, down 2% from a year ago, on 1,378 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Oakville as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.60M | 143 |
| November 2025 | $1.64M | 110 |
| December 2025 | $1.61M | 63 |
| January 2026 | $1.62M | 51 |
| February 2026 | $1.54M | 70 |
| March 2026 | $1.63M | 101 |
| April 2026 | $1.65M | 158 |
| May 2026 | $1.68M | 192 |
| June 2026 | $1.65M | 166 |
| July 2026 | $1.60M | 134 |
| August 2026 | $1.60M | 103 |
| September 2026 | $1.55M | 87 |
Neighbourhood & location
College Park, 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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $1,031,992 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,706
- Property tax
- $492
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,198
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,275
- Estimated closing costs
- $22,275
Plus your down payment of $257,998. 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
- $342,364
- Principal paid down
- $126,090
- Interest paid
- $216,273
- Balance remaining
- $905,902
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 25 whole-home leases in College Park signed at a median of $4,337 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,461. 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 SUTTON GROUP QUANTUM REALTY INC.. MLS®/PropTx.