240 Colchester Dr, Oakville

Name: 240 Colchester Drive
SKU: W13706220
Price: 3298000 CAD
Availability: InStock

5 Bed, 3 Bath Detached Home in Oakville

About 240 Colchester Drive

Set on a remarkable estate-sized lot in coveted Morrison, this traditional family home offers an exceptional opportunity in one of SE Oakville's most established + sought-after neighbourhoods. Surrounded by towering mature trees + an enclave of beautiful homes, the setting offers privacy, character + permanence. Walk to elementary + secondary schools, Lake Ontario, Gairloch Gardens, waterfront trails + parks, while enjoying the rare scale of a 100'x150' lot. The immaculate grounds + private rear yard create a wonderful setting for family life through every season. With 5+1 beds, 3.5 baths + triple car garage, it's poised to welcome a large family. Expansive principal spaces create a sense of scale across the main level. Beautifully appointed kitchen offers abundant cabinetry, ample workspace + picturesque views of the yard, w/a separate breakfast area connecting easily to the living + dining rooms. Tucked away, the main floor laundry + mudroom add everyday convenience. Bright solarium-style family room w/fireplace provides a warm space to gather, surrounded by generous glazing. Upstairs, five bright bedrooms offer generous proportions + natural light. Refined main bath serves the family bedroom wing, while the expansive primary suite features a very large ensuite + comfortable retreat-like proportions. LL is designed for family life w/a spacious recreation room, wet bar, gym area, 6th bed + full bath. There is room for movie nights, guests, older children + everything in between. Masterfully landscaped + incredibly private, the rear yard is anchored by a linear pool, stone lounges + layered gardens. A cedar-thatched gazebo w/fireplace creates a cozy gathering spot, while the stone patio is ideal for al-fresco dining. Flat grassy areas provide plenty of space for summer games + even a winter rink. Cherished neighbourhood known for its natural beauty, community + enduring appeal, Morrison offers an exceptional place to set down roots + truly enjoy the neighbourhood.

5 bedrooms, 3 bathrooms, about 3,000 sq ft, works out to roughly $1,099 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 240 Colchester Dr

Every detail from the listing, in one place.

Type: Detached
Style: 2-Storey
Living space: 3000-3500 sq ftas stated on the listing
Parking: 9 spacesYes garage
Basement: Full, Finished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 9

Interior

Basement: Full · Finished

Exterior & construction

Pool: Yes

Lot & land

Lot size (sqft): 0.345

Listing & possession

Property style: 2-Storey
Property class: Detached

240 Colchester Dr Price & Sale History

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

Aug 24, 2026For saleListedThis listingMLS® W13706220$3,298,000

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

What's it worth?

How 240 Colchester Dr 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

Well Above Market· based on 1,774 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: $1,310,000
Average sold price: $1,458,831
Average days on market: 34
Homes sold: 1,039

Closed sales on the TRREB MLS®.

Full Oakville market report

Market pulse · Oakville

Oakville market

Median sold price$1,310,000Last 90 days
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings1,211Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 25 – Jul 24, 2026.

Based on 1,039 sales from Jul 24 – Oct 22, 2026 (740 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

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.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home240 Colchester Drive 5 bd · 3 ba · 3,000 sqft	$3,298,000asking	$1,099	—	—
362 Fourth Line 4 bd · 2 ba · 1,500 sqft
3329 Merion Gardens 4 bd · 4 ba · 3,000 sqft
1517 Craigleith Road 4 bd · 4 ba · 3,500 sqft
1154 Windrush Drive 4 bd · 2 ba · 2,000 sqft
1248 Bowman Drive 4 bd · 3 ba · 2,500 sqft
1374 Tansley Drive 4 bd · 6 ba · 3,000 sqft

362 Fourth Line
4 bd · 2 ba · 1,500 sqft
3329 Merion Gardens
4 bd · 4 ba · 3,000 sqft
1517 Craigleith Road
4 bd · 4 ba · 3,500 sqft
1154 Windrush Drive
4 bd · 2 ba · 2,000 sqft
1248 Bowman Drive
4 bd · 3 ba · 2,500 sqft
1374 Tansley Drive
4 bd · 6 ba · 3,000 sqft

Living in Oakville: Location & Amenities

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

Transit nearby

Stations and stops, straight-line distance

Oakville GO StationLakeshore West GO3.0 km
Clarkson GO StationLakeshore West GO4.9 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Oakville GO Station (Lakeshore West GO)3.0 km
Clarkson GO Station (Lakeshore West GO)4.9 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Oakville GO Station
3.0 kmClosest· Lakeshore West GO
Homes near Oakville GO Station
Clarkson GO Station
4.9 km· Lakeshore West GO
Homes near Clarkson GO Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 240 Colchester Dr. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 240 Colchester Dr

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

Mortgage: $16,202; 20% down · 25 years · 5.5% assumed
Property tax: $1,814; 0.66% mill rate · ON
Total per month: $18,016; 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

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

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

Affordability calculator

Estimated monthly payment

$16,202

/mo

based on the purchase price of $3,298,000

Down payment20%

$659,600 cash

Amortization25 yr

$2,638,400 financed

Rate5.50%

$2,222,225 total interest

Principal54%$2,638,400

Interest46%$2,222,225

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

Want rate-drop alerts and a saved shortlist?

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.

Book a tour of 240 Colchester Dr with a licensed buyer's agent

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Zara · AI virtual agent

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Questions About 240 Colchester Dr

How much is 240 Colchester Dr listed for?

240 Colchester Dr is listed at $3,298,000 (MLS® W13706220). Summitly updates the price as soon as the MLS® record changes.

Is $3,298,000 a good price for 240 Colchester Dr?

Summitly rates it Well Above Market: the asking price is 15% or more above 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 240 Colchester Dr changed?

No — 240 Colchester Dr is still listed at its original asking price of $3,298,000.

How many bedrooms and bathrooms does 240 Colchester Dr have?

240 Colchester Dr has 5 bedrooms and 3 bathrooms, with about 3,000–3,500 square feet of living space. It is a detached home in Oakville.

Is 240 Colchester Dr close to transit?

The nearest rapid-transit station is Oakville GO Station (Lakeshore West GO), about 3.0 km in a straight line. Clarkson GO Station is about 4.9 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 240 Colchester Dr?

About $16,202 a month — principal and interest on $3,298,000 with 20% down ($659,600), 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 240 Colchester Dr compare with other homes in Oakville?

Its asking price of $3,298,000 is about 152% above the median sold price in Oakville over the last 90 days, $1,310,000, across 1,039 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 240 Colchester Dr been sold before?

Summitly has no earlier MLS® sale or lease of 240 Colchester Dr on record from the last two years. Older records aren't shown under TRREB rules.

Where is 240 Colchester Dr?

240 Colchester Dr is in Oakville, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 240 Colchester Dr been on the market?

59 days — 240 Colchester Dr was listed on August 24, 2026.

What is the price per square foot of 240 Colchester Dr?

About $942 to $1,099 per square foot: the asking price of $3,298,000 over the 3,000–3,500 sq ft the listing gives as its size range.

Does 240 Colchester Dr have parking or a garage?

Yes — the listing gives 9 parking spaces. Garage: Yes.

What you should know

5 Bed, 3 Bath Detached Home in Oakville

About 240 Colchester Drive

Inside 240 Colchester Dr

Features & systems

240 Colchester Dr Price & Sale History

How 240 Colchester Dr Compares to the Oakville Market

Oakville market, last 90 days

Recently sold nearby in Oakville

Living in Oakville: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 240 Colchester Dr

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Colchester Drive? See what yours is worth

Zara, any time

A licensed local agent

See 240 Colchester Dr, Oakville in person

Similar homes for sale nearby in Oakville

Explore More Detached Homes in Oakville

5 Bed, 3 Bath Detached Home in Oakville

About 240 Colchester Drive

Inside 240 Colchester Dr

Features & systems

240 Colchester Dr Price & Sale History

How 240 Colchester Dr Compares to the Oakville Market

Oakville market, last 90 days

Market pulse · Oakville

Recently sold nearby in Oakville

Living in Oakville: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 240 Colchester Dr

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Colchester Drive? See what yours is worth

Zara, any time

A licensed local agent

See 240 Colchester Dr, Oakville in person

Questions About 240 Colchester Dr

How much is 240 Colchester Dr listed for?

Is $3,298,000 a good price for 240 Colchester Dr?

Has the price of 240 Colchester Dr changed?

How many bedrooms and bathrooms does 240 Colchester Dr have?

Is 240 Colchester Dr close to transit?

How much would the monthly mortgage be on 240 Colchester Dr?

How does 240 Colchester Dr compare with other homes in Oakville?

Has 240 Colchester Dr been sold before?

Where is 240 Colchester Dr?

How long has 240 Colchester Dr been on the market?

What is the price per square foot of 240 Colchester Dr?

Does 240 Colchester Dr have parking or a garage?

Similar homes for sale nearby in Oakville

Explore More Detached Homes in Oakville

Market pulse · Oakville

Transit nearby

Transit

Questions About 240 Colchester Dr

How much is 240 Colchester Dr listed for?

Is $3,298,000 a good price for 240 Colchester Dr?

Has the price of 240 Colchester Dr changed?

How many bedrooms and bathrooms does 240 Colchester Dr have?

Is 240 Colchester Dr close to transit?

How much would the monthly mortgage be on 240 Colchester Dr?

How does 240 Colchester Dr compare with other homes in Oakville?

Has 240 Colchester Dr been sold before?

Where is 240 Colchester Dr?

How long has 240 Colchester Dr been on the market?

What is the price per square foot of 240 Colchester Dr?

Does 240 Colchester Dr have parking or a garage?