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New4 hours ago

901 - 50 Old Mill Road

1013 - OO Old Oakville, Oakville

$1,139,000

Condo Apartment |
2 + 1 | 2 | 2 | 1
About this home

Luxurious updates, amazing location and breathtaking views of 16 Mile Creek, it will be tough to find a more perfect home in the sky. With 2 Beds and a den, 9' ceilings and over 1300sqft of living space, this beautifully renovated unit is complemented by almost 400sqft of private wraparound terrace. Offering an extraordinary expansion of the total living space, the terrace is an exceptional setting for morning coffee, evening entertaining or simply enjoying the changing seasons. Custom designed gas fireplace with unique surround and mantle anchors the living and dining space providing a sophisticated focal point. An important distinguishing feature - the gas fireplace, unique to the Penthouse units! The open-concept kitchen features custom cabinetry, quartz counters, and top-tier appliances. The adjacent den is perfect for an office. The primary suite is the 'cherry on top' with walk-in closet customized with drawers and shoe cabinet, and the 4-piece ensuite Bath that has been tastefully updated. Overlooking the terrace, there is a separate balcony unique to this bedroom suite. The 2nd Bed serves as a den and is a perfect guest room. The second Bath has also been updated. Rounding out on the laundry room with plenty of storage space. Every detail has been carefully considered. Hardwood flooring was replaced, custom finishing details added, including solid wood doors, beautiful trim and upgraded Emtek hardware. New blinds, most of which automated, were added for comfort and privacy. Freshly painted interiors create a crisp, polished backdrop. This suite offers 2 parking spaces AND 3 storage lockers. The well managed building offers a common BBQ area, lots of visitor parking, gym, gated entry, electric vehicle charging stations, and common rooms that can handle a crowd. But above all else, the building is ideally located in the heart of Oakville close to scenic walking trails, downtown Oakville, Kerr Village, shopping, dining and steps to the Oakville GO Station.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size1200-1399 sq. ft.
Maintenance Fees$1,009
LockerOwned
BalconyTerrace
ExposureSouth East
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground, Private
Property Tax$4,500
mls© NumberW13723128
Listed BySotheby's International Realty Canada, Brokerage
Common Elements Included
Building Insurance Included
Parking Included
Water Included
Heat Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,830
Property tax
$375
Heat allowance
$150
Condo fees, half counted
$505
Housing costs
$6,859 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $227,800
25-yr amortization

Income needed

$211,000

gross annual household income

Payment at 4%
$4,793 / mo
Cash down
$227,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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