241 Lexington Road, Oakville, ON
River Oaks, Oakville · MLS® W13550674
About this home
Welcome to 241 Lexington Road, a home designed for growing families who need space to live, work and gather together. Nestled on a quiet, family-friendly street in sought-after River Oaks, this beautifully maintained and extensively upgraded home offers over 3,000 sq. ft. of finished living space, rare 5-bedroom functionality (3+2), 4 fully renovated bathrooms and parking for 6 vehicles. Whether hosting holiday dinners, gathering around the spacious kitchen island for family meals or enjoying cozy evenings by the fireplace, this home was built for the moments that matter most. Gleaming Hardwood floors, Smooth Ceilings, Crown Mouldings, Pot lights, and California shutters throughout. The chef-inspired kitchen features modern white cabinetry, a large centre island, granite countertops, B/I appliances, a stone backsplash, pantry with pull-outs and a bright breakfast area with W/O to a private backyard deck, perfect for everyday living and entertaining. The upper level features a spacious primary retreat with double-door entry, a walk-in closet with custom organizers, and a professionally renovated spa-inspired 5-piece ensuite with quartz countertops, double vanity, freestanding tub and oversized shower. Two additional generous bedrooms share a beautifully renovated 4-piece bathroom. A convenient second-floor laundry closet with existing hookups offers future flexibility. The professionally finished basement provides exceptional versatility with 2 more bedrooms, a renovated 3-piece bathroom, a spacious recreation room with a stone accent wall and BI bookshelves, plus a laundry room with cabinetry, ideal for extended family, guests, a home office, gym or hobby space. Significant updates include professionally renovated upper bathrooms (2021), KitchenAid electric cooktop (2021) LG wall oven (2025) Washer & Dryer (2021) Furnace (2017) Central air conditioning (2018), new backyard gate (2020) roof (2013). A rare opportunity to own a move-in-ready family home in River Oaks.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13550674
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 38.71 × 108.6 ft
- Cross streets
- Dundas / Harman Gate
- Parking
- 2 garage · 6 parking (detached)
- Driveway
- Private
- Basement
- Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,185 / 2025
- Days on market
- 7
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
4 pc bath · renovated · porcelain floor
large window · walk-in closet(s)
large window · large closet
5 pc ensuite · double sink · california shutters
2 pc bath · porcelain floor · california shutters
quartz counter · b/i vanity · porcelain floor
3 pc bath · b/i bookcase · pot lights
hardwood floor · gas fireplace · california shutters
3 pc bath · porcelain floor
hardwood floor · 5 pc ensuite · california shutters
hardwood floor · pot lights · crown moulding
hardwood floor · pot lights · crown moulding
hardwood floor · california shutters · crown moulding
open concept · w/o to deck
hardwood floor · california shutters · crown moulding
b/i appliances · centre island · granite counters
Listed at $1,549,000, this home is about 8% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($688/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.53M, a close match.
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 $1.64M
- Adjusts to $1.64M
That comparable adjusts to $1.64M; the $1.43M estimate above is the median of all 7 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. River Glen Blvd + New Wood 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 $1.43M, median of 7 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.
- 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.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 4% below the area average of $719/sqft.
2 days longer than the Oakville average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
River Oaks, 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: River Glen Blvd + New Wood Dr, about 140 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 $1,239,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,613
- Property tax
- $515
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,128
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,455
- Estimated closing costs
- $27,455
Plus your down payment of $309,800. 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
- $396,770
- Principal paid down
- $157,812
- Interest paid
- $238,957
- Balance remaining
- $1,081,388
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. MLS®/PropTx.