$5,988,000
For sale: Detached

A rare offering in prestigious Southeast Oakville, 7 Colonial Crescent presents an exceptional bungaloft estate on a remarkable 0.64-acre (27,469 square feet) property south of Lakeshore Road. Encompassing over 4,300 sq ft above grade, plus a partially finished lower level, this 5-bedroom, 2.5-bath residence was masterfully redesigned by Gren Weis in 2001. This home offers endless potential- move in and enjoy or renovate / build. The main level-spanning over 3,000 sq ft-showcases grand principal rooms, hardwood flooring, 3 fireplaces, and an abundance of natural light. A beautifully appointed eat-in kitchen features a generous island, premium stainless steel appliances, and seamless access to a private, pool-sized backyard. The main floor also includes a living room, dining room, family room, laundry room and sunroom! The primary bedroom includes a 5-piece ensuite and walk-in closet. The 2nd level of the home includes 3 large bedrooms and a 4-piece bathroom. The lower level adds versatility with a large rec room, gas fireplace, workshop, garage access and ample storage. The exterior of the home features a double wide driveway with parking for 12 vehicles, a 2-car garage and professional landscaping with an irrigation system. The backyard offers full privacy, beautiful mature trees, a large deck and stone patio. Located steps away from Lake Ontario and Gairloch Gardens- close proximity to top schools and all that downtown Oakville has to offer! Luxury Certified.
Sold data
Detached homes in Oakville (MO Morrison) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 50, across 349 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $1,699,000.
Homes sold for about 4.4% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
Based on 349 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Oakville (MO Morrison) has 56 Fraser Institute–rated schools (45 elementary and 11 secondary), averaging 7.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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