River Oaks Real Estate Update: June 2013

River Oaks Real Estate Update: June 2013
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Nolan A Machan

Nolan A Machan

Nolan Machan is the Publisher of OakvilleNews.Org and has over 41 years of local Oakville knowledge. He is committed to providing Oakville residents with the most up-to-date information about our great town.

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River Oaks has always been a very well-regarded community in Oakville, which is still considered affordable for the town.

Typical Detached in River Oaks

Typical Detached in River Oaks

Detached Homes

The average price for a detached home in River Oaks is $702,000 which sold in 24 days. At the low-end are smaller and older properties requiring some work, usually three bedrooms with 2 plus bathrooms, and a single car garage which could be purchased for as little as $430,000. At the other end of the scale are 4 to 5 bedroom homes with 4 to 5 bathrooms, usually with a swimming pool, home theatre in the basement, 2 to 3 car garage and would back onto green space. These large homes are selling for just under $2,000,000.

Stunning town home kitchen

Stunning town home kitchen

Town Homes

The average price for a town home regardless of it being condo or freehold is $403,000 and was on the market for 23 days. The least expensive town home sold for $257,000 and had been partially renovated, with 3 bedrooms, 1.5 bathrooms, no garage or air conditioning, and was heated by electricity. The most expensive town home was also a condo but featured 9 foot ceilings, two car garage, 2 full baths, 2 half bathrooms, 3 bedrooms and was located on green belt. For this high-end town the selling price was $875,000.

Apartments

The average price of an apartment in River Oaks is $260,000 and was on the market for 32 days. The variances between high and low are much less dramatic, since most of the apartments are located in the Oak Park district which is at South-West corner of Dundas and Trafalgar Road. The least expensive apartment was a one bedroom that sold for $212,00 and go up as high as $336,000 for a two bedroom. Most of the inventory was built within the last 5 years, though there are a few older buildings. The newer properties feature swimming pools, exercise rooms, and party rooms.

For information about River Oaks as a community please click River Oaks Real Estate Information

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