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New4 hours ago

1074 Lavender Lane

1011 - MO Morrison, Oakville

$5,799,000

Detached|2-Storey
4 | 6 | 6
About this home

Poised along one of Oakville's finest streets, 1074 Lavender Lane is a custom-built residence where enduring craftsmanship and gracious family living come together. Surrounded by distinguished homes in a prestigious neighborhood, this luxury-certified property offers more than 7,000 square feet of total living space. Inside, refined formal living and dining rooms are complemented by a private office and an inviting family room with built-in television cabinetry. The gourmet kitchen is designed for serious cooking and effortless hosting, showcasing granite surfaces, integrated appliances, a substantial island, and direct connection to the family room. A butler's pantry elevates entertaining with a dual-zone wine refrigerator, a beverage refrigerator, and a double-drawer dishwasher. Main-floor laundry and a mudroom provide practical access to the garage and outdoors. Upstairs, the primary retreat impresses with a cathedral ceiling and an expansive walk-in closet offering conversion potential. Each upper bedroom enjoys ensuite access. The finished lower level adds a guest bedroom, bathroom, music or exercise room, expansive recreation area, and a remarkable stone-lined wine cellar entered through a hand-carved door. Outside, a screened porch with a gas fireplace overlooks a private, tree-lined, resort-like setting with an inground pool and attached hot tub. Ideally situated near top-rated public, Catholic, and private schools, scenic parks and ravine trails, convenient transit, and the upscale shops and dining of downtown Oakville, this thoughtfully crafted home offers an exceptional setting for refined family living. Built with exceptional care and attention to detail, it combines comfort, privacy, and an enviable Oakville location. Luxury Certified.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$25,330
Lot Size74 ft x 148 ft
mls© NumberW13830058
Listed ByRE/MAX Escarpment Realty Inc., Brokerage

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%
$29,682
Property tax
$2,111
Heat allowance
$150
Housing costs
$31,943 / mo

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

Down payment20% · $1,159,800
25-yr amortization

Income needed

$983,000

gross annual household income

Payment at 4%
$24,403 / mo
Cash down
$1,159,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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