251 Third Line, Oakville

$1,399,000
251 Third Line

$1,399,000

New
9d
DetachedSidesplit 4

251 Third Line, Oakville

Total Monthly Obligation $6,561

Beds
4
Baths
2
Park
5
Sqft
1500-2000
DOM
9d
Score
16
Yield
3.8%
Cash on Cash
-6.8%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-W14032568
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-81 × 140 ft
Listed on site-Oct 14, 2026
Style-Sidesplit 4
Building Type-Detached
Taxes-$6,510 (2025)
Parking-5 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-1017 - SW Southwest
Title-Residential Freehold

No agent assigned

This bright four-level sidesplit offers over 2,200 sq. ft. of total living space, with 4 bedrooms, 2 full baths and finished lower levels. Recently updated, it features new laminate flooring, fresh paint, new lighting and custom roller shades throughout, with natural light in every room.Outside, the deep, tree-lined backyard provides natural privacy, an in ground pool and tons of space for outdoor living. Set on an expansive 81' x 140' lot in an established neighbourhood of multi-million-dollar custom homes, 251 Third Line is an exceptional opportunity to create that custom home or set root now and build later. All amenities are steps away at South Oakville Centre, with Metro, Winners, LCBO, shopping and essential services close at hand. Lake Ontario, Coronation Park's waterfront, playgrounds and splash pad, and Woodside Library are nearby, along with top ranked schools and convenient QEW access. . Zoned RL2-0, the approximately 1,057 sq. m. lot offers potential for a custom home with approximately 4,209 sq. ft. above grade, plus up to 484 sq. ft. of garage space, based on a maximum residential floor area ratio of 37%, subject to applicable zoning requirements and municipal approvals.Room for your family today, and the opportunity to build your dream home for tomorrow. Some photos have been virtually staged.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,119,200
Land Transfer Taxes$24,455
Legal Fees (Est.)
$
Total cash required for closing$305,755

Total Monthly Obligation

$6,561/mo
Mortgage $5,643
Monthly Loss $5,076
Principal$1,485
Interest$4,158
Property Tax$543
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.5%21
10-Year IRR
8.6%
Returns Index
11.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$53,196/yr
NOI
$36,866/yr
Net Cash Flow
-$2,571/mo
Cash Margin
-58.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
15.5/ 100

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

Comparables

Properties near 251 Third Line

Time

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