1489 Heritage Way 56, Oakville

$679,000
1489 Heritage Way 56

$679,000

New
17d
Condo TownhouseStacked Townhouse

1489 Heritage Way 56, Oakville

Total Monthly Obligation $3,411

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
1
Sqft
1200-1399
DOM
17d
Score
22
Yield
5.6%
Cash on Cash
-0.6%
Cap Rate
4.5%
5Y IRR
15.1%
10Y IRR
14.3%
Property Type-Condo Townhouse
MLS® Number-W13873082
Bed+Den-2+1
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 6, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-16-30
Taxes-$3,939 (2025)
Maintenance-$143.46/mo
Locker-None
Parking-1 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TERREQUITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Roof-Shingles
Foundation-Block, Poured Concrete, Stone
Possession-Flexible
Neighbourhood-1007 - GA Glen Abbey
Title-Residential Condo & Other

No agent assigned

Welcome to Glen Abbey, one of Oakville's most desirable communities. This spacious 1+1 bedroom, 2 full bathroom stacked townhouse offers a bright, functional layout with large windows, modern finishes, and exceptional versatility. The main level features laminate flooring, an open and inviting living space, a generous bedroom, and convenient dual-entry access from both the front and rear. The rear entrance opens directly to the private driveway, adding everyday convenience. The finished lower level offers a second bedroom, full bathroom, and an impressive family room ideal for entertaining, movie nights, a children's play area, or a spacious executive home office. Set within a well-maintained, family-friendly complex with mature landscaping, this home is minutes from top-rated schools, parks, trails, golf, shopping, restaurants, transit, the QEW, and approximately 10 minutes from the GO Station. An excellent opportunity for first-time buyers, downsizers, or investors looking to own in the heart of Glen Abbey.

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Closing Costs

Mortgage Amount
$543,200
Land Transfer Taxes$10,055
Legal Fees (Est.)
$
Total cash required for closing$147,355

Total Monthly Obligation

$3,411/mo
Mortgage $2,739
Monthly Loss $2,690
Principal$721
Interest$2,018
Property Tax$328
Condo Fees$143
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
11.8%49
10-Year IRR
12.0%
Returns Index
25.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$37,704/yr
NOI
$25,873/yr
Net Cash Flow
-$583/mo
Cash Margin
-18.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
26.0/ 100

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

Comparables

Properties near 1489 Heritage Way 56

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.