Investing In Rural Oakville Real Estate
Located in the Town of Oakville, Rural Oakville is a sizable region generally bordered to the north by the Town of Milton,the east by the City of Mississauga, to the south by Dundas Street (often known as Highway 5), to and to the west by the City of Burlington. Since Oakville, Milton, and Burlington are all located in the Halton Region, they are all regarded as being in the Greater Toronto Area (GTA). Rural Oakville, which is still mostly an agricultural region, has many beautiful rural roads. Rural Oakville is an excellent place to live due to its natural landscapes and central location within the Halton region. It is also one of Oakville’s fastest-growing neighbourhoods and is home to an expanding number of townhomes, restaurants, and amenities, including the brand-new, world-class Oakville Trafalgar Memorial Hospital. Rural Oakville is the place for you if you’re seeking the serenity of the country with easy access to all the city and suburban amenities.
List of New Condos in Rural Oakville Neighbourhood
Why Buy New Condo Developments in Rural Oakville?
Currently, the residential area in Rural Oakville is made up primarily of detached houses, however, as the neighbourhood continues to develop, we are starting to see more new low-rise condo developments and townhomes at the southern end of the neighbourhood. A number of new condo developments are being sold and there are more pre-construction condos being planned in the coming 3 years. The neighbourhood will soon be thriving and lively when these new developments and amenities are built. Although the real estate market is still slow for now, it could be an ideal time to buy a pre-construction condo here before this neighbourhood gets into the spotlight.
Entertainment & Recreation In Rural Oakville
The majority of the neighbourhood’s local boutiques and amenities are well within the southern side of the neighbourhood. At the southwest corner of the neighbourhood, you can find Food Basics, Fortinos and FreshCo. On the southeast side, there are a few restaurants as well as Real Canadian Superstore, Longo’s, and Walmart Supercentres for groceries. Residents can visit the stores along Dundas Street West to fulfill their essential needs. For more urban shopping, residents can visit nearby Oakville Place, which is only a 10 minute drive away. The shopping mall has all the well-known brand names and chain stores for your extended shopping. A golfer’s paradise, The Royal Ontario Golf Club, Oakville Executive Golf Course, and Rattlesnake Point Golf Club are all located in or near Rural Oakville. Rural Oakville enjoys easy access to several public parks and gardens located throughout the neighbourhood, as well as some of Oakville’s most stunning natural greeneries. There are two sports complexes within a few minutes drive – River Oaks Community Centre at 2400 Sixth Line and Sixteen Mile Sports Complex at 3070 Neyagawa Blvd. River Oask Community Centre features a twin pad arena, a fitness centre, 2 squash and 2 racquet courts and a sports floor for badminton, basketball and volleyball. Sixteen Mile Sports Complex features 3 Olympic-sized and NHL-sized ice pads and 2 shooterpads.
Average Price for Condos in Rural Oakville
With a medium inventory level of 4 months, Rural Oakville currently has a balanced real estate market. The real estate average sales price in Rural Oakville in June 2022 is $1,332,500, with the majority of transactions falling between the $1M–$1.5M price range. Townhouses make up the majority of real estate transactions in rural Oakville (44 percent), followed by detached homes (37 percent) and condos (15 percent). Houses often include four bedrooms. Condos sold in Rural Oakville on average for $745,359 in June 2022, a 12.6 percent increase over the same month the previous year.
Transit & Accessibility In Rural Oakville
Getting around the neighbourhood will require a vehicle, as the nearest MiWay bus stop – Sladeview Cres West Of Ridgeway Dr. is an 8-minute drive away. However, Rural Oakville is served by an outstanding network of roadways including Highway 407 which make commuting between cities in the GTA fast and simple. The nearest GO Stations are Oakville GO and Bronte Go, which can take you to downtown Toronto in an hour.
Questions & Answers
There are several benefits to buying a pre-construction condominium, including the ability to make design choices, large upfront payments are not required, and the possibility for a lucrative investment because condo costs are established per square foot. While the condo is being built, you may choose how you want your unit to be designed, such as which tabletops or flooring will be used. When you buy pre-construction condominiums, you pay in monthly installments while they are being built. When the condo unit is completed, its value may increase, allowing you to gain if you decide to sell it later.
By investing in Oakville real estate, you will have access to great schools, safe neighbourhoods, and a wide range of park and recreational amenities for you to enjoy when you buy a new condo there. As it is a newer area of the GTA, there are many choices for new condo developments as people move there as the town continues to grow. As a long-term investment, you should consider pre-construction condos in Oakville, as they are sure to appreciate in the long run.