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Listed 2 months ago

56 - 1552 Lancaster Drive

1005 - FA Falgarwood, Oakville

$789,000

Condo Townhouse |
3 | 3 | 2 | 0
About this home

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.

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
StyleStacked Townhouse
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$475
LockerNone
BalconyNone
ExposureNorth
Parking TypeAttached
Parking Spaces2
Parking FeaturesNone
Property Tax$2,930
mls© NumberW13160992
Listed ByCENTURY 21 LEADING EDGE REALTY INC.
Common Elements Included
Water Included
Parking Included
CAC Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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.

Down payment20% · $157,800
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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