261 Albion Avenue, Oakville, ON

$4,795,000
MLS#:W9295190
5 beds
5 baths
8.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 1011 - MO Morrison. Expertly crafted featuring premium stone and other construction, this residence presents an exceptional opportunity offered at $4,795,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 5 Bathrooms
  • Premium 100.16 x 165.49 ft lot size
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Built-In Oven, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled on a tranquil family friendly street in highly desirable South East Oakville this home offers timeless charm and character with enduring quality. Designed by John Wilmott, Architect and custom built by Master Builder Platt Fine Homes. Set on a private 100 x 165 foot professionally landscaped lot with an 18 x 36 foot in-ground salt water pool. This thoughtful design features 4+1 generously sized bedrooms with a true Primary Bedroom Retreat, a Spa Ensuite with Freestanding Soaker Tub, Heated Floor and Double Walk In Closets, 5 Washrooms, Formal Dining Room and Living Room (gas fireplace), expansive Family Room (gas fireplace), Family Sized Eat-in Kitchen overlooking the patio and pool, Main Floor Office, Laundry Room and large Mud Room with access to Oversized Double Car Garage (rough-in for electric vehicle charger). The lower level offers versatility with a Recreation Room, Guest Bedroom, Exercise/Flex Space and Wine Cellar. Sophistication and comfort throughout with feelings of warmth and elegance. Impeccably detailed executive living space featuring premium White Oak Hardwood (Floors & Stairs), Pocket Doors, Custom Millwork, Skylight, Oversized Trim, Cornice Molding, Solid Core Doors, 84 x 62 inch Centre Island with Peribonka Antique Brushed Granite Countertop, multiple Patio Door Walk-outs and oversized lower level windows to maximize natural light. Craftsmanship and seamless continuity is evident in this home. Don't miss the chance to appreciate this exceptional family residence.

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Key Features

Bedrooms
5
Bathrooms
5
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 26, 2024
Sold price information is available to members only
Listed Date9/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStone, Other
BasementPartially Finished
Lot Size100.16 × 165.49 Feet
CountyHalton
Annual Tax$19,155
Legal DescriptionLot 29 Plan 525; Oakville

Parking & Garage

Parking Spaces8.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Place Of Worship, School

Interior Features

Auto Garage Door Remote, Built-In Oven, Central Vacuum, ERV/HRV, Sump Pump, Water Heater Owned

Security Features

Alarm System, Carbon Monoxide Detectors, Monitored, Smoke Detector

Community Features

Location

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261 Albion Avenue, Oakville, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 261 Albion Avenue, Oakville, ON L6J 4T4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Oakville.

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Interest Rate5.25%
Down Payment$959,000 (20.0%)
* Minimum Canadian down payment required for this price is $959,000.
Amortization Period25 Years
Estimated Monthly Payment$22,859Based on a loan of $3,836,000 over 25 years.
Purchase Price$4,795,000
Loan Amount$3,836,000
Provincial Land Transfer Tax:$106,350
Total Estimated Closing Taxes:$106,350

About Purchasing a Home in Oakville, ON

For a property listed at $4,795,000 in Oakville, the legal minimum down payment is $959,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $106,350 for this transaction. As this listing is in Oakville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $106,350.

Nearby Listings

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No current listings found in Oakville.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Oakville.

Verified Local Data
City Population213,759
City Median Age41.5 Yrs
City Ownership82% Owners
Avg Area List Price$1,584,239

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
52%
Couples without children
26%
Other households
4%

Top Ethnic Origins

English22%
Canadian16%
Scottish16%
Irish15%

Local Schools Guide

Elementary Schools

Sunningdale
PublicOakville, Ontario, L6H 1T4
8.8
Abbey Lane
Public1160 Old Abbey Lane, Oakville, Ontario, L6M 1S4
7.5
River Oaks
Public2173 Munn's Avenue, Oakville, Ontario, L6H 3S9
6.4
Forest Trail
PublicForest Trail Place, Oakville, Ontario, L6M 2G3
10.0
West Oak
Public2071 Fourth Line, Oakville, Ontario, L6M 3K1
6.6

Secondary Schools

White Oaks
PublicOnslow Court, Oakville, Ontario, L6H 1H9
8.8
Gaétan Gervais
Public1075 McCraney Street East, Oakville, Ontario, L6H 1H9
9.3
St. Ignatius of Loyola
Catholic1550 Nottinghill Gate, Oakville, Ontario, L6M 1X7
8.1
Holy Trinity
Public2420 Sixth Line, Oakville, Ontario, L6H 5Z8
7.1

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied82%
Rented18%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.