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56 - 1552 Lancaster Drive
1005 - FA Falgarwood, Oakville
$789,000
Welcome to 56-1552 Lancaster Drive - a beautifully maintained townhouse nestled in one of Oakville's most desirable family-friendly communities, Iroquois Ridge South. This inviting home offers the perfect blend of comfort, convenience, and value, making it an ideal choice for first-time buyers, young families, downsizers, or investors. Featuring a spacious and functional layout with 3 bedrooms and 3 bathrooms, this home is designed for everyday living and effortless entertaining. The bright main floor flows seamlessly into an updated kitchen, while the finished basement adds valuable extra living space perfect for a recreation room, home office, gym, or guest area. Bright, spacious living/dining area, and a recently renovated laundry room, garage, and backyard. Upgrades include a new electrical panel, updated light fixtures throughout, and a security camera system for added peace of mind. The location is truly exceptional - steps to parks, schools, shopping, transit, and everyday amenities. Nearby grocery stores, restaurants, and community conveniences make daily errands simple and convenient.
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| Type | Condo Townhouse |
| Style | Stacked Townhouse |
| Approx. Age | Not available |
| Size | 1200-1399 sq. ft. |
| Maintenance Fees | $475 |
| Locker | None |
| Balcony | None |
| Exposure | North |
| Parking Type | Attached |
| Parking Spaces | 2 |
| Parking Features | None |
| Property Tax | $2,930 |
| mls© Number | W13160992 |
| Listed By | CENTURY 21 LEADING EDGE REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,038
- Property tax
- $244
- Heat allowance
- $150
- Condo fees, half counted
- $238
- Housing costs
- $4,670 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$144,000
gross annual household income
- Payment at 4%
- $3,320 / mo
- Cash down
- $157,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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