316 River Side Drive, Oakville

$2,198,000
316 River Side Drive

$2,198,000

Price Change
25d
DetachedBungalow-Raised

316 River Side Drive, Oakville

Total Monthly Obligation $9,832

Beds
4
Baths
2
Park
6
Sqft
1500-2000
DOM
25d
Score
14
Yield
2.5%
Cash on Cash
-12.0%
Cap Rate
2.0%
5Y IRR
6.2%
10Y IRR
7.3%
Property Type-Detached
MLS® Number-W13834208
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-60 × 160 ft
Listed on site-Sep 28, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-51-99
Taxes-$7,088 (2026)
Parking-7 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX ABOUTOWNE REALTY CORP.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground, Salt
Facing-West
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Block, Concrete Block
Sewer-Sewer
Possession-TBA
Neighbourhood-1002 - CO Central
Title-Residential Freehold

No agent assigned

Welcome to this bright and beautifully maintained raised bungalow, offering over 2,600 sq. ft. of finished living space and a spectacular backyard oasis, ideally situated in the highly sought-after West River neighbourhood. The sun-filled eat-in kitchen is a true highlight, surrounded by wraparound windows overlooking the private backyard and featuring an extended quartz peninsula, generous pantry space, gas stove, reverse osmosis water system, and patio doors leading directly to the outdoor entertaining areas. The inviting living and dining rooms feature built-in bookcases and offer an ideal setting for entertaining family and friends. The main level also includes a spacious primary bedroom, two additional well-sized bedrooms-one currently used as a home office-and a 4-piece bathroom. The finished lower level provides exceptional additional living space with a cozy den featuring a gas fireplace, a large sun-filled bedroom, 3-piece bathroom, spacious recreation room currently used as an office, and a functional laundry room with ample cabinetry and counter space. Step outside and discover your own private backyard retreat, complete with multiple decks and patios, a gazebo, raised reading nook, storage shed, beautifully landscaped mature gardens and trees, and an impressive inground pool with spillover hot tub. Whether entertaining guests, enjoying summer days by the pool, or simply relaxing in the peaceful surroundings, this backyard offers something for everyone. Ideally located within walking distance of downtown Oakville, vibrant Kerr Village, Oakville GO Station, Westwood Park and Forster Park with its playground and splash pad, as well as public transit and school bus routes. A wonderful opportunity to enjoy comfortable family living, exceptional outdoor space, and a convenient Oakville location.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,758,400
Land Transfer Taxes$41,425
Legal Fees (Est.)
$
Total cash required for closing$482,525

Total Monthly Obligation

$9,832/mo
Mortgage $8,866
Monthly Loss $7,499
Principal$2,333
Interest$6,533
Property Tax$591
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.6%0
5-Year IRR
4.1%8
10-Year IRR
6.0%
Returns Index
5.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$54,240/yr
NOI
$37,228/yr
Net Cash Flow
-$5,764/mo
Cash Margin
-127.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 316 River Side Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.