128 Grovewood Common 229, Oakville

$599,999
128 Grovewood Common 229

$599,999

New
17d
Condo Apartment1 Storey/Apt

128 Grovewood Common 229, Oakville

Total Monthly Obligation $3,373

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
17d
Score
19
Yield
5.4%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-W13867726
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 6, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-6-10
Taxes-$2,545.64 (2026)
Maintenance-$540.38/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Flexible
Neighbourhood-1008 - GO Glenorchy
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully appointed 2-bedroom, 2-bathroom corner suite in a sought-after Mattamy-built boutique condominium in Oakville's Glenorchy neighbourhood. Offering the perfect blend of modern design, thoughtful upgrades and everyday convenience, this impressive residence is situated in an intimate 6-storey building. Featuring over $30,000 in upgrades, the bright, open-concept interior boasts soaring 9-foot ceilings, expansive floor-to-ceiling windows and stylish laminate and tile flooring throughout. The upgraded kitchen features timeless white Shaker-style cabinetry, quartz countertops and matching backsplash, stainless steel appliances and elegant pendant lighting above the breakfast bar. The spacious living and dining area is filled with natural light and offers a walk-out to a large private balcony, perfect for relaxing or entertaining. The generously sized primary suite features a walk-in closet and beautifully appointed 3-piece ensuite, while the spacious second bedroom also offers a walk-in closet and convenient access to a full 4-piece bathroom. Additional highlights include fresh paint, updated plumbing fixtures, a brand-new heat pump ($6,200), in-suite laundry, underground parking and a private storage locker. Residents enjoy access to an exercise room, party/meeting room and ample visitor parking. Building hallways have also been freshly painted. Ideally located in Oakville's desirable Glenorchy community, surrounded by parks, scenic trails, shopping, excellent schools and everyday amenities. Enjoy convenient access to GO Transit, major highways, Oakville Trafalgar Memorial Hospital, Sheridan College and Oakville Place. Whether you're entering the market, downsizing or simply looking for a low-maintenance lifestyle without compromising on comfort or quality, this exceptional corner suite is sure to impress!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$479,999
Land Transfer Taxes$8,475
Legal Fees (Est.)
$
Total cash required for closing$129,975

Total Monthly Obligation

$3,373/mo
Mortgage $2,420
Monthly Loss $2,736
Principal$637
Interest$1,783
Property Tax$212
Condo Fees$540
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.8%27
10-Year IRR
9.7%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,292/yr
NOI
$17,633/yr
Net Cash Flow
-$951/mo
Cash Margin
-35.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
24.1/ 100

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

Comparables

Properties near 128 Grovewood Common 229

Time

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Data last updated within the past 24 hours.