Condo TownhouseListed today

1516 Lancaster Dr #3, Oakville

Name: 1516 Lancaster Drive, Unit 3
SKU: W14167318
Price: 689888 CAD
Availability: InStock

Oakville, ON · L6H 2Z2 · MLS® W14167318Updated November 10, 2026

$689,888Est. $3,389/mo mortgage

Bedrooms: 3
Bathrooms: 1
Living space: 1200–1399sq ft
Parking spaces: 3

Type Condo Townhouse
Garage Yes
Basement Finished

What you should know

1516 Lancaster Dr #3 is a 3-bedroom, 1-bathroom condo townhouse in Oakville, listed for $689,888. It has 1200-1399 sq ft of living space.

Spacious and updated condo townhome in the highly sought-after Falgarwood community!
The professionally refinished interior includes an updated kitchen with granite countertops, breakfast bar, stainless steel appliances, and top-of-the-line washer and dryer.
The finished basement offers additional living space and a convenient extra bathroom, making it ideal for growing families, first-time buyers, or those seeking a low-maintenance lifestyle.

Ask Zara:

3 Bed, 1 Bath Condo Townhouse in Oakville

Unit 3 at 1516 Lancaster Drive

Spacious and updated condo townhome in the highly sought-after Falgarwood community! Backing onto a beautiful park and playground, this immaculate home features neutral décor, a private backyard, and a bright open-concept layout perfect for modern living. The professionally refinished interior includes an updated kitchen with granite countertops, breakfast bar, stainless steel appliances, and top-of-the-line washer and dryer. The finished basement offers additional living space and a convenient extra bathroom, making it ideal for growing families, first-time buyers, or those seeking a low-maintenance lifestyle. Enjoy a 2-car driveway, low condo fees, and a prime Oakville location just steps to parks, schools, shopping, transit, and all amenities. A fantastic opportunity for first-time buyers or investors. Move-in ready and a must-see!

3 bedrooms, 1 bathroom, about 1,200 sq ft, works out to roughly $575 per square foot. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.

Inside 1516 Lancaster Dr #3

Every detail from the listing, in one place.

Type: Condo Townhouse
Style: 2-Storey
Living space: 1200-1399 sq ftas stated on the listing
Parking: 3 spacesYes garage
Basement: Finished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 3

Interior

Basement: Finished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 2-Storey
Property class: Condo Townhouse

1516 Lancaster Dr #3 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Nov 10, 2026For saleListedThis listingMLS® W14167318$689,888

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 1516 Lancaster Dr #3 Compares to the Oakville Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 1,812 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Oakville market, last 90 days

Median sold price: $1,300,000
Average sold price: $1,425,259
Average days on market: 34
Homes sold: 969

Closed sales on the TRREB MLS®.

Full Oakville market report

Recently sold nearby in Oakville

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 3 — 1516 Lancaster Drive 3 bd · 1 ba · 1,200 sqft	$689,888asking	$575	—	—
2360 Parkhaven Boulevard 3 bd · 2 ba · 1,400 sqft
2250 Rockingham Drive 3 bd · 3 ba · 1,800 sqft
39 Hays Boulevard 2 bd · 1 ba · 900 sqft
1556 Lancaster Drive 3 bd · 1 ba · 1,000 sqft
1270 Gainsborough Drive 3 bd · 1 ba · 1,200 sqft
2272 Mowat Avenue 3 bd · 2 ba · 1,200 sqft

2360 Parkhaven Boulevard
3 bd · 2 ba · 1,400 sqft
2250 Rockingham Drive
3 bd · 3 ba · 1,800 sqft
39 Hays Boulevard
2 bd · 1 ba · 900 sqft
1556 Lancaster Drive
3 bd · 1 ba · 1,000 sqft
1270 Gainsborough Drive
3 bd · 1 ba · 1,200 sqft
2272 Mowat Avenue
3 bd · 2 ba · 1,200 sqft

Living in Oakville: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Costs, Mortgage & Rental Return for 1516 Lancaster Dr #3

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,389; 20% down · 25 years · 5.5% assumed
Property tax: $379; 0.66% mill rate · ON
Total per month: $3,768; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,389

/mo

based on the purchase price of $689,888

Down payment20%

$137,978 cash

Amortization25 yr

$551,910 financed

Rate5.50%

$464,853 total interest

Principal54%$551,910

Interest46%$464,853

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

For homeowners nearby

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Listing brokerage: SUTTON GROUP QUANTUM REALTY INC., BrokerageMLS® W14167318 · Listing data last updated November 10, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Nov 9· $575/sq ft

Estimated monthly mortgage$3,389/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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