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New2 hours ago

1242 Donlea Crescent

1011 - MO Morrison, Oakville

$2,498,000

Detached|Sidesplit 4
3 | 3 | 8
About this home

If you're a buyer looking in Morrison under the $2.5M mark, you may be finding your options to be a little...complicated. At this price point, properties tend to fall somewhere along the axis of land or house. Finding one where you have a compelling case for both is considerably harder.So, first things first. Buy on the best street you can afford. This is where Donlea delivers. A genuinely quiet street, beautiful homes, right at the heart of the neighbourhood and with schools close enough for the children to walk themselves. Frankly put, it's ideal.Then there's the land. With a new survey available, this west-backing 93' x 185' lot with stream offers the potential to build approximately 5,200 sq. ft. For those looking to create their forever home, it's a rare opportunity to secure a substantial piece of land in one of Oakville's premier neighbourhoods.But it would be remiss not to acknowledge that there is also a great deal of house here to love - and renovate.The existing 3,263 sq. ft., four-level side-split is surprisingly generous, with large bedrooms, a double garage and plenty of scope to reimagine the spaces. Think contemporary interiors, wall-to-wall windows and a seamless floorplan, all while retaining the scale and character that make this house work. A fantastic opportunity for those who want to control their budget while creating equity. In other words, you have options. Build new. Renovate. Or simply take your time and decide what makes the most sense for you.With this kind of flexibility, the upside is yours to create.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit 4
Approx. Age51-99
Size2500-3000 sq. ft.
Property Tax$11,665
Lot Size93.57 ft x 185.52 ft
mls© NumberW13815744
Listed ByCENTURY 21 MILLER REAL ESTATE LTD.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$12,786
Property tax
$972
Heat allowance
$150
Housing costs
$13,908 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $499,600
25-yr amortization

Income needed

$428,000

gross annual household income

Payment at 4%
$10,512 / mo
Cash down
$499,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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