1556 Lancaster Dr #74 is a 3-bedroom, 1-bathroom condo townhouse in Oakville, listed for $549,900. It has 1000-1199 sq ft of living space.
1Welcome to a charming condo townhome in highly sought-after Falgarwood!
2This home offers a rare opportunity to own in one of Oakville's most desirable neighborhoods .
3The main floor features a bright kitchen, a combined living and dining area, and sliding patio doors that open to a private, beautifully treed backyard ideal for relaxing or entertaining.
Welcome to a charming condo townhome in highly sought-after Falgarwood! This home offers a rare opportunity to own in one of Oakville's most desirable neighborhoods . The main floor features a bright kitchen, a combined living and dining area, and sliding patio doors that open to a private, beautifully treed backyard ideal for relaxing or entertaining. Upstairs, you will find 3 spacious bedrooms and a full 4-piece bathroom. The finished lower level includes a versatile rec room, a convenient two-piece bathroom, and a utility/laundry area. Updates include, new furnace / ac 2024, garage door 2023, windows 2008, Perfect for families, first-time buyers, or downsizers, this home is nestled in a quiet, family-friendly community close to parks, top-rated schools, shopping, and transit.
3 bedrooms, 1 bathroom, about 1,000 sq ft, works out to roughly $550 per square foot. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
Inside 1556 Lancaster Dr #74
Every detail from the listing, in one place.
Type
Condo Townhouse
Style
2-Storey
Living space
1000-1199 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
Full, Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Full · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Condo Townhouse
1556 Lancaster Dr #74 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14034288$549,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1556 Lancaster Dr #74 Compares to the Oakville Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,701
/mo
based on the purchase price of $549,900
$109,980 cash
$439,920 financed
$370,528 total interest
Principal54%$439,920
Interest46%$370,528
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.
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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.
Similar homes for sale nearby in Oakville
Other 2–4 bed homes for sale in Oakville around $550K.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings1,229Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 1,074 sales from Jul 16 – Oct 14, 2026 (698 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
1556 Lancaster Dr #74 is listed at $549,900 (MLS® W14034288). Summitly updates the price as soon as the MLS® record changes.
Is $549,900 a good price for 1556 Lancaster Dr #74?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Oakville. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1556 Lancaster Dr #74 changed?
No — 1556 Lancaster Dr #74 is still listed at its original asking price of $549,900.
How many bedrooms and bathrooms does 1556 Lancaster Dr #74 have?
1556 Lancaster Dr #74 has 3 bedrooms and 1 bathroom, with about 1,000–1,199 square feet of living space. It is a condo townhouse in Oakville.
Is 1556 Lancaster Dr #74 close to transit?
The nearest rapid-transit station is Oakville GO Station (Lakeshore West GO), about 3.2 km in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 1556 Lancaster Dr #74?
About $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1556 Lancaster Dr #74 compare with other homes in Oakville?
Its asking price of $549,900 is about 58% below the median sold price in Oakville over the last 90 days, $1,310,000, across 1,074 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1556 Lancaster Dr #74 been sold before?
Summitly has no earlier MLS® sale or lease of 1556 Lancaster Dr #74 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1556 Lancaster Dr #74?
1556 Lancaster Dr #74 is in Oakville, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1556 Lancaster Dr #74 been on the market?
1556 Lancaster Dr #74 was listed today (October 14, 2026).
What is the price per square foot of 1556 Lancaster Dr #74?
About $459 to $550 per square foot: the asking price of $549,900 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 1556 Lancaster Dr #74 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
