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    Oakville / Iroquois Ridge South

    116 - 1538 Lancaster Dr

    For Sale1516 Lancaster Drive Townhomes
    $749,000
    Price Increase: $699,000
    3 Beds
    2 Bath
    2 Parking
    1,000 - 1,199 SQFT
    27 Days on Strata
    Est Sell Timeframe
    10 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Townhouse
    Maintenance Fees:
    $460/mth
    Taxes:
    $2,761 (2024)
    Cost Per Sqft:
    $625 - $749/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    South
    Possession Date:
    Flexible
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Parking
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Walkout To Patio, Hardwood Floor
    18.08 x 10.66ft
    Dining
    Hardwood Floor
    8.17 x 8.66ft
    Kitchen
    Tile Floor
    8.01 x 7.42ft

    About this Listing

    This charming 3-bedroom, 2-bathroom condo townhouse offers a perfect blend of comfort and convenience. The spacious living room is ideal for relaxation, while the kitchen comes equipped with appliances for meal preparation. Upstairs, you'll find three cozy bedrooms, each with plenty of natural light. A full bathroom is located on the second floor. The basement features a rare additional 3-piece bathroom. The outdoor area offers potential for relaxation. Enjoy easy access to shopping, dining, transit, and the Oakville GO Station. This property is perfect for anyone seeking a low-maintenance lifestyle with plenty of room to grow. Located in a desirable neighbourhood with a playground, nearby parks, trails, creeks, and ravines. Recent updates include new laminate flooring upstairs and fresh paint throughout. Plenty of visitor parking available. Pot lights on the main floor and basement.

    royal canadian realtyMLS® #W11957506

    Amenities

    Indoor Parking
    Visitor Parking
    BBQs Allowed

    Explore Neighbourhood

    4/10
    Walkability
    You’ll occasionally stumble upon civilization. Keep an eye out for that elusive coffee shop!
    Unknown
    Transit
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    6,488
    Average Individual Income
    $70,549
    Average Household Size
    0 persons
    Average Age
    42
    Average Household Income
    $112,818
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    17%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    21%
    50 - 64
    20%
    65+
    17%
    Household Income
    $0 - $30,000
    38%
    $30,000+
    27%
    $60,000+
    18%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    Detached
    38%
    High Rise Apartment
    25%
    Semi Detached
    21%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    92%
    Other
    6%
    Punjabi
    2%
    Education
    High School
    30%
    University and Above
    24%
    College
    24%
    None
    14%
    Apprenticeship
    5%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Social Sciences
    12%
    Health & Related Fields
    9%
    Education
    7%
    Personal, Protective & Transportation Services
    5%
    Humanities
    5%
    Math & Computer Sciences
    4%
    Visual & Performing Arts
    4%
    Physical Sciences
    2%

    Price Trends

    Building Trends At 1516 Lancaster Drive Townhomes

    Days on Strata

    Units at 1516 Lancaster Drive Townhomes spend an average of
    14
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Iroquois Ridge South

    Turnover of Units

    On average, each unit is owned for
    7
    YEARS before being sold again

    Property Value

    8%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 8 condos in the Iroquois Ridge South area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    1516 Lancaster Drive Townhomes offers the
    ?
    best value out of 8 condos in the Iroquois Ridge South neighbourhood

    Appreciation Rank

    1516 Lancaster Drive Townhomes has the
    ?
    highest ROI out of 8 condos in the Iroquois Ridge South neighbourhood

    Rental Yield

    1516 Lancaster Drive Townhomes yields the
    ?
    highest rent prices out of 8 condos in the Iroquois Ridge South neighbourhood

    High Demand

    1516 Lancaster Drive Townhomes is the
    ?
    most popular building out of 8 condos in the Iroquois Ridge South neighbourhood

    Transaction Insights at 1514-1558 Lancaster Drive

    3 Bed3 Bed + Den
    Price Range$750,000 - $900,000No Data
    Avg. Cost Per Sqft$684No Data
    Avg. Wait for Unit Availability25 Days561 Days
    Ratio of Units in Building93%8%

    Transactions vs Inventory

    Total number of units listed and sold in Iroquois Ridge South