119-1538 Lancaster Drive, Oakville, ON
Falgarwood, Oakville · MLS® W13571902
About this home
Attention first-time buyers, families and investors! Don't miss this move-in ready 3-Bedroom Condo Townhouse in one of Oakville's most desirable family-friendly neighborhoods. Located within the highly acclaimed Iroquois Ridge High School catchment area. This well maintained, freshly painted home had all windows and doors upgraded in 2018, AC upgraded in 2019 and Furnace in 2021. Featuring a spacious and functional open-concept layout on the main floor with a walk-out to a private backyard with a concrete patio; as well as spacious 3 bedrooms on the second floor with plenty of closet space (including a walk-in closet in the primary bedroom), and a 4-piece bathroom. Enjoy additional living space with a large family/entertainment/exercise room, second bathroom, as well as a laundry room in a finished basement. Minutes to QEW and 403, parks/trails, schools, GO, VIA Rail, Oakville Place shopping mall and multiple fitness centers. Walking distance to shopping plaza with Metro grocery store, restaurants, LCBO, salons and other amenities to accommodate your lifestyle needs.
Key facts
- Property type
- Condo Townhouse, 2-Storey
- MLS®
- W13571902
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1000-1199
- Cross streets
- Upper Middle Rd E/ Eighth Line
- Parking
- 1 garage · 2 parking (attached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Maintenance
- $475/mo
- Exposure
- South
- Property tax
- $2,974 / 2026
- Days on market
- 1
- Listing brokerage
- ATV REALTY INC
Rooms
ceramic floor · backsplash
Large Window
walk-in closet(s) · large window · laminate
closet · laminate
closet · laminate
pot lights · w/o to yard · open concept
Listed at $599,000, 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 Falgarwood, 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 $618K, 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 $620K
- Bedrooms +$30K
- Adjusts to $650K
That comparable adjusts to $650K; the $650K 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. Upper Middle Rd East east of 8th Line 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 $650K, 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.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- 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 7 active listings nearby.
See all comparable homesThis home lists 32% below the area average of $806/sqft.
37 days faster than the Oakville average (38 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Falgarwood, 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: Upper Middle Rd East east of 8th Line, about 91 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
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 $479,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,557
- Property tax
- $248
- Condo / maintenance fees
- $475
- Heating
- $0
- Estimated monthly cost
- $3,280
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,455
- Estimated closing costs
- $8,455
Plus your down payment of $119,800. 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
- $153,431
- Principal paid down
- $61,026
- Interest paid
- $92,405
- Balance remaining
- $418,174
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 ATV REALTY INC. MLS®/PropTx.