1538 Lancaster Drive, Unit 116, Oakville, ON

$685,000
MLS#:W12867790
3 beds
2 baths
1000-1199 sqft
2.0 parking
Residential Condo & Other
Loading property media...
Added:Mar 10, 2026(172 days ago)
Updated:Jun 11, 2026(79 days ago)
Last Checked:8 minutes ago

Property Highlights

Welcome to this remarkable 2-Storey condo townhouse located in the coveted neighborhood of Falgarwood. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $685,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Guest Accommodations
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this sun-drenched 3-bedroom, 2-bathroom condo townhouse, where comfort meets effortless living. The main floor shines with modern pot lights and a spacious layout perfect for hosting. Retreat upstairs to three bright bedrooms featuring laminate flooring. A standout feature is the finished basement, complete with a rare 3-piece bathroom. Step outside to your private outdoor nook or explore the incredible neighborhood, rich with parks, ravines, and scenic trails. Situated just minutes from the Oakville GO Station, shopping, and dining, this home offers the ultimate low-maintenance lifestyle in a prime location. Nestled in the heart of Oakville's coveted Falgarwood community, this elegant 3-bedroom, 2-bathroom condo townhouse perfectly balances modern comfort with suburban tranquility. The main floor features a sprawling living area designed for both quiet evenings and effortless entertaining. Upstairs, three sun-drenched bedrooms offer a serene retreat, complemented by a pristine full bathroom. The home's versatility shines in the finished basement, which boasts a spacious rec room and a rare, additional 3-piece bath. Step outside to a private outdoor space brimming with potential. Located just minutes from the Oakville GO Station, premium dining, and lush ravine trails, this home offers a seamless, low-maintenance lifestyle in a nature-rich neighborhood.

Work with the SOUSA TEAM to unlock your . If we are unable to negotiate your purchase price below asking, we'll rebate you up to $10,000!*

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Property Summary

This townhouse located at 1538 Lancaster Drive, Oakville is currently for sale and has been available on SousaSells for 172 days. This property is listed at $685,000 with an estimated mortgage of $2,280* per month. It has 3 beds, 2 bathrooms, and is 1000-1199 square feet. 1538 Lancaster Drive, Oakville is in the Falgarwood neighborhood.

Work with the SOUSA TEAM to unlock your .

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Falgarwood, Oakville.

Highly Recommended for Families
What We Love About This Home
  • •3 spacious bedroom layout offering versatile living space
  • •2 well-appointed bathrooms
  • •1000-1199 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Oakville.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusPrice Change
AddedMar 10, 2026 (172 days ago)
UpdatedJun 11, 2026 (79 days ago)
Last Checked8 minutes ago
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Townhouse
Architectural Style2-Storey
ConstructionBrick, Aluminum Siding
BasementFinished
CountyHalton
Annual Tax$2,896

Parking & Garage

Parking Total2.0
Parking Space1
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Guest Accommodations

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 1538 Lancaster Drive, Unit 116, Oakville, ON

Q.What is the asking price for 1538 Lancaster Drive, Unit 116, Oakville, ON ?

The current listing price for 1538 Lancaster Drive, Unit 116, Oakville, ON in Falgarwood, Oakville is $685,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 3 bedrooms and 2 bathrooms across approximately 1000-1199 sqft.

Q.What property type and architectural style is 1538 Lancaster Drive, Unit 116, Oakville, ON ?

1538 Lancaster Drive, Unit 116, Oakville, ON is a Condo Townhouse (2-Storey) featuring a Finished basement.

Q.What interior features are included in this home?

Interior highlights include: Guest Accommodations.

Q.Is parking available at this property?

Yes, this property offers parking space for 2.0 vehicles (Attached).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

Location

Initializing map...
1538 Lancaster Drive, Unit 116, Oakville, ON

Google Street View

Open in Google Maps
Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Falgarwood, Oakville

SAFETY RATING9.5 / 10
Low Incident Area
Total Annual Incidents28 incidents / yr
Average Per Month2.3 incidents / mo
Population Benchmark11,000 residents
Personal Safety
Very Low

7 assaults (63.6/100k)

Property Security
Low

6 B&E (54.5/100k)

Auto Theft Risk
Moderate

9 thefts (81.8/100k)

1-Year Trend
â–Ľ 5.5%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Halton Regional Police Service (HRPS) Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

Loading local market trends...

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 1538 Lancaster Drive 116, Oakville, ON L6H 2Z3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...

Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$205,500 (30.0%)
* Minimum Canadian down payment required for this price is $43,500.
Amortization Period30 Years
Estimated Monthly Payment$2,280Based on a loan of $479,500 over 30 years.
Purchase Price$685,000
Loan Amount$479,500
Provincial Land Transfer Tax:$10,175
Total Estimated Closing Taxes:$10,175

About Purchasing a Home in Oakville, ON

For a property listed at $685,000 in Oakville, the legal minimum down payment is $43,500 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 $10,175 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 $10,175.

Similar Listings in Falgarwood, Oakville

Explore all Just Listed Homes in Oakville →

Falgarwood, Oakville Neighborhood Guide

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

Verified Local Data
City Population213,759
City Median Age41.5 Yrs
City Ownership82% Owners
Avg Area List Price$1,146,831

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%

Best Schools in Falgarwood, Oakville

Elementary Schools

Falgarwood
Public1385 Gainsborough Drive, Oakville, Ontario, L6H 2H7
5.7
Holy Family
Public1420 Grosvenor Street, Oakville, Ontario, L6H 2X8
3.9
St Matthew's
PublicMatthew Street, Oakville, Ontario, L6H 2R9
8.6
Montclair
Public1285 Montclair Drive, Oakville, Ontario, L6H 1Z3
4.4
du ChĂŞne
Public150 Ridge Drive, Oakville, Ontario, L6H 1B8
9.4

Secondary Schools

Iroquois Ridge
Public1123 Glenashton Drive, Oakville, Ontario, L6H 5M1
9.3
Gaétan Gervais
Public1075 McCraney Street East, Oakville, Ontario, L6H 1H9
9.3
White Oaks
PublicOnslow Court, Oakville, Ontario, L6H 1H9
8.8
Oakville Trafalgar
Public1460 Devon Road, Ennisclare Park, Oakville, Ontario, L6J 3L6
9.2

Falgarwood, Oakville Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied82%
Rented18%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.

Similar Active Listings in Oakville

Compare prices, square footage, and school zones for similar Residential Condo & Other nearby

All Oakville Homes
Residential Condo & Other for sale - 2 Bed, 2 Bath Home at 405 Dundas Street Oakville ON listed at $559,999 (MLS# W13721696)
Added 1 day ago
$559,999
2bd
2ba
1kt
Residential Condo & Other

405 Dundas Street, Unit 707, Oakville

Aug 28, 2026
DOM: 2

Experience serene living at Distrikt Trailside Condos in Oakville's sought-after Glenorchy neighbour...

MLS#: W13721696
For Sale
Residential Condo & Other for sale - 3 Bed, 3 Bath Home at 1240 Marlborough Court Oakville ON listed at $549,000 (MLS# W13722832)
Added 1 day ago
$549,000
3bd
3ba
1kt
Residential Condo & Other

1240 Marlborough Court, Unit 110, Oakville

Aug 28, 2026
DOM: 2

Welcome to Sovereign II and this exceptional ground-floor suite at the end of a quiet cul-de-sac wit...

MLS#: W13722832
For Sale
Residential Condo & Other for sale - 3 Bed, 2 Bath Home at 1270 Gainsborough Drive Oakville ON listed at $699,900 (MLS# W13717608)
Added 2 days ago
$699,900
3bd
2ba
1kt
Residential Condo & Other

1270 Gainsborough Drive, Unit 61, Oakville

Aug 27, 2026
DOM: 3

Welcome to 61-1270 Gainsborough, an end-unit townhome in an established Oakville condo community. As...

MLS#: W13717608
For Sale
Residential Condo & Other for sale - 1 Bed, 1 Bath Home at 3500 Lakeshore Road Oakville ON listed at $648,888 (MLS# W13719768)
Added 2 days ago
$648,888
1bd
1ba
1kt
Residential Condo & Other

3500 Lakeshore Road, Unit 720, Oakville

Aug 27, 2026
DOM: 3

Welcome to BLUWATER, a sought-after waterfront community offering a serene lifestyle with exceptiona...

MLS#: W13719768
For Sale