For SaleCondo Townhouse · 2-StoreyMLS® #W14167318 · TRREB MLS®
3-1516 Lancaster Dr, Oakville, Ontario
Falgarwood, Oakville, Ontario L6H 2Z2
- Bedrooms
- 3
- Bathrooms
- 2
- Type
- Condo Townhouse
- Basement
- Finished
$689,888
Estimated market value
About 3-1516 Lancaster Dr
3-1516 Lancaster Dr is a 3-bedroom, 2-bathroom condo townhouse in Falgarwood, Oakville, listed for sale at an asking price of $689,888 (MLS® W14167318).
Spacious and updated condo townhome in the highly sought-after Falgarwood community! Backing onto a beautiful park and playground, this immaculate home features neutral décor, a private backyard, and a bright open-concept layout perfect for modern living. The professionally refinished interior includes an updated kitchen with granite countertops, breakfast bar, stainless steel appliances, and top-of-the-line washer and dryer. The finished basement offers additional living space and a convenient extra bathroom, making it ideal for growing families, first-time buyers, or those seeking a low-maintenance lifestyle. Enjoy a 2-car driveway, low condo fees, and a prime Oakville location just steps to parks, schools, shopping, transit, and all amenities. A fantastic opportunity for first-time buyers or investors. Move-in ready and a must-see!
Insights
Condition Score
Good1 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even−$274/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 condos with 3 bedrooms for lease in Oakville right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
Key facts
- Tax
- $3,008 / 2026
- MLS® number
- W14167318
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 1 Attached, 3 Parking
Listing history
Buy/sell history for 3-1516 Lancaster Dr, Oakville, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $689,888 | N/A | For Sale | W14167318 |
Members see the full history. Prices are hidden from signed-out visitors.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Michelle Lacroix for a full comparative market analysis.
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- Falgarwood
- Municipality
- Oakville
Building
- Size
- 1200-1399 sqft
- Construction
- Alum Siding
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc 2nd, 1 × 2pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 2
- Total Parking
- 3
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- fridge, stove, washer, dryer
- Condo maint.
- $475
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 7.3 × 2.74 m | Open Concept, Laminate, W/O To Yard | Ground |
| Kitchen | 2.64 × 2.67 m | Open Concept, Stainless Steel Appl, Granite Counter | Ground |
| Dining | 3.05 × 2.81 m | — | Ground |
| Primary | 4.89 × 3.85 m | Laminate, Large Window | 2nd |
| 2nd Br | 3.36 × 2.69 m | Laminate, Large Window | 2nd |
| 3rd Br | 4.36 × 2.76 m | — | 2nd |
| Rec | 5.47 × 4.46 m | — | Bsmt |
| Bathroom | 1.75 × 0.89 m | 2 Pc Bath, Renovated | Bsmt |
| Bathroom | 1.54 × 2.75 m | 4 Pc Bath, Renovated | 2nd |
Map and tour
Land transfer tax on this home
- Ontario land transfer tax
- $10,273
- Total land transfer tax
- $10,273
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $6,273
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $689,888
- $5,798
- Ontario total
- $10,273
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Sheridan Public SchoolHalton DSB | Public · grades JK–5 | 300 m | 44%Grade 3 average |
| Holy Family Catholic Elementary SchoolHalton CDSB | Catholic · grades JK–8 | 500 m | 81%Grade 6 average |
| Falgarwood Public SchoolHalton DSB | Public · grades JK–8 | 800 m | 76%Grade 6 average |
| École élémentaire du ChêneConseil scolaire Viamonde | French-language public · grades JK–6 | 2.3 km | 99%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Iroquois Ridge High SchoolHalton DSB | Public · grades 9–12 · French Immersion | 1 km | 88%Grade 9 math |
| École secondaire Gaétan GervaisConseil scolaire Viamonde | French-language public · grades 9–12 | 2 km | 85%Grade 9 math |
| White Oaks Secondary SchoolHalton DSB | Public · grades 9–12 | 2.1 km | 81%Grade 9 math |
| Holy Trinity Catholic Secondary SchoolHalton CDSB | Catholic · grades 9–12 | 2.7 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Oakville GO | GO Transit train: Lakeshore West | 3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $137,978
- Total mortgage amount
- $551,910
- Total interest payment
- $392,490
- Total purchase cost
- $1,082,378
- Mortgage payment
- $3,148/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
27%Monthly carrying cost
$3,874- Rent $3,600
- Shortfall $274
Rental income opens at $3,600, the median asking rent of 5 comparable homes for lease in Oakville. Type over it with the rent you expect. This is a planning tool, not advice.
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