1245 Merton Road, Oakville, ON
Glen Abbey, Oakville · MLS® W13777540
About this home
In short
- An exclusive chance to purchase a pre-construction townhome in the highly sought-after Glen Abbey Encore community in Oakville.
- This end-unit 2-storey townhome with a walk-out basement to your backyard offers a thoughtfully designed floor plan with 2,437 sq. ft. of living space, set on a 31'...
- The townhome will offer 3 bedrooms and 2.5 bathrooms.
- Step inside to a formal room leading to an open-concept breakfast room and great room with a gas fireplace.
- Premium finishes are included, such as oak hardwood floors, porcelain tile, coffered ceilings, and 9' smooth ceilings on the main level.
An exclusive chance to purchase a pre-construction townhome in the highly sought-after Glen Abbey Encore community in Oakville. This end-unit 2-storey townhome with a walk-out basement to your backyard offers a thoughtfully designed floor plan with 2,437 sq. ft. of living space, set on a 31' wide lot with a 1-car garage; ideal for growing families or those seeking a modern, functional layout. The townhome will offer 3 bedrooms and 2.5 bathrooms. Step inside to a formal room leading to an open-concept breakfast room and great room with a gas fireplace. The kitchen will have either quartz or granite countertops, a central island, and a Bosch Appliance package. Upstairs, the primary suite is a true retreat, complete with two walk-in closets and an ensuite showcasing a soaker tub and a glass shower. The upper level also offers a convenient laundry room. The basement will have a rough-in for a future bathroom, with potential for a separate suite. Premium finishes are included, such as oak hardwood floors, porcelain tile, coffered ceilings, and 9' smooth ceilings on the main level. Purchasers may have the opportunity to customize interior selections. Occupancy is projected for Summer 2027, and the home will be covered by a 7-Year Tarion Warranty for added peace of mind. Act now to reserve this lot, a limited release in one of Oakville's most desirable master-planned communities! (Block 8, Lot 6, Harlington Model - Elevation B). *Enhanced HST rebate eligibility applies to qualified purchasers.*
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- W13777540
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 30.68 × 90.22 ft
- Cross streets
- Charles Cornwall and Merton Road
- Parking
- 1 garage · 2 parking (attached)
- Basement
- Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 8
- Listing brokerage
- Century 21 Miller Real Estate Ltd., Brokerage
Rooms
tile floor · centre island
hardwood floor · walk-in closet(s)
Hardwood Floor
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · gas fireplace
hardwood floor · coffered ceiling(s)
tile floor · open concept
Listed at $1,479,900. Comparable closings put this home around $1.24M, so the ask is about 20% above what similar homes have sold for.
If it sells at this ask, expect about $1.46M, typically $1.41M to $1.47M: that is where homes here have closed against their asks in the last 90 days (6 closings).
The ask and the comparable sales disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).
Total price vs nearby homes. Fair value about $1.24M, median of 7 comparables.
The market behind the math:
About 2.5 months of inventory: 5 townhouse homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $658/sqft against an area asking average of $567/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 7 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my 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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 8 homes sold on this street over the past two years, from 57 closings in Glen Abbey.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $546/sqft; this home lists at $658/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Glen Abbey, 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 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $1,183,920 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,480
- Property tax
- $925
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,405
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,073
- Estimated closing costs
- $26,073
Plus your down payment of $295,980. 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
- $388,828
- Principal paid down
- $146,383
- Interest paid
- $242,445
- Balance remaining
- $1,037,537
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
About the suite: in Glen Abbey basements rarely rent out (1 of 67 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 5 whole-home leases in Glen Abbey signed at a median of $4,022 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,167. 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 Century 21 Miller Real Estate Ltd., Brokerage. MLS®/PropTx.