1228 Elgin Crescent, Oakville

$1,599,999
1228 Elgin Crescent

$1,599,999

New
3d
DetachedBungalow

1228 Elgin Crescent, Oakville

Total Monthly Obligation $7,415

Beds
6
Baths
2
Park
8
Sqft
1500-2000
DOM
3d
Score
15
Yield
3.3%
Cash on Cash
-9.0%
Cap Rate
2.7%
5Y IRR
8.5%
10Y IRR
9.1%
Property Type-Detached
MLS® Number-W14099932
Beds-6
Bathrooms-2
Size-1500-2000 sqft
Lot Size-72.27 × 125 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$7,029.28 (2026)
Parking-9 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX METROPOLIS REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick Front
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-1005 - FA Falgarwood
Title-Residential Freehold

No agent assigned

Welcome to this beautifully renovated Ranch Style Bungalow nestled in one of Oakville's most prestigious and sought-after neighbourhoods. Situated on an impressive 72 x 125 ft ravine lot in Falgarwood, this elegant home offers timeless charm, spacious living, and the ease of main floor living just minutes from the lake, top-rated schools, parks, and amenities. As you step through the front door, you're welcomed into a bright and inviting layout thoughtfully designed for both everyday comfort and entertaining. The formal living room is filled with natural light and equipped with a cozy wood-burning fireplace that doesn't just warm the room but sets the tone. The combined family and dining room is the true showstopper, the kind of room that makes you want to stay awhile. Featuring an expansive wall-to-wall window anchors the home, filling the space with natural light while framing the picturesque backyard oasis and ravine. The stunning kitchen boasts a large 9 ft center island with elegant quartz countertop and a built-in gas range with a ceiling mount range hood. The two-toned quartz countertop look takes this kitchen to another level with extended cabinets for plenty of storage and high-end built-in appliances. The three generously sized bedrooms and fully remodelled bathroom, each showcasing meticulous attention to detail. The finished basement offers a versatile separate living space, ideal for extended family or guests, complete with its own living room and 3 bedrooms. Step outside into your private backyard oasis, where the oversized ravine lot offers endless opportunities for entertaining, gardening, or future customization. Surrounded by mature trees and greenery, this property offers exceptional privacy along with ample parking and an attached garage. A rare opportunity to own a beautifully renovated Bungalow in one of Oakville's most established communities.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,279,999
Land Transfer Taxes$28,475
Legal Fees (Est.)
$
Total cash required for closing$349,975

Total Monthly Obligation

$7,415/mo
Mortgage $6,454
Monthly Loss $5,716
Principal$1,698
Interest$4,756
Property Tax$586
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.1%0
5-Year IRR
6.0%14
10-Year IRR
7.5%
Returns Index
8.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$52,560/yr
NOI
$35,775/yr
Net Cash Flow
-$3,473/mo
Cash Margin
-79.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
14.3/ 100

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

Comparables

Properties near 1228 Elgin Crescent

Time

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