$10.5 Million Sale Demonstrates International Appeal of Oakville, ON for Luxury Real Estate
Posted by Karrie Jastrzebska — August 2, 2012
More and more Toronto buyers are migrating just 30 km (18.6 miles) to the west of the city to invest their luxury real estate dollars in Oakville, Ontario. With global confidence in the Canadian market, international buyers are also forgoing the big city in favour of the tranquility of this beautiful lakefront town, rich in its heritage. The Goodale Miller Team’s recent sale of a spectacular, non-waterfront estate at 163 Chartwell Road for $10,500,000 is the latest example of this continuing trend.
Historically, Oakville’s waterfront mansions with breathtaking views of Lake Ontario were the properties sure to command prices at this level and well above. But all this is changing as Toronto and international buyers come to realize that the prestige and opulence of exclusive Toronto neighbourhoods such as Forest Hill, the Bridle Path and Rosedale are available just a stone’s throw away. In Oakville, they realize, they will get to enjoy the added benefit of an idyllic lifestyle, one which can only be attained by settling in a picturesque and serene lakeside suburb.
163 Chartwell Road is nothing short of a masterpiece. Built by renowned Oakville custom home builder Bachly Construction, it was honoured in 2009 with the Canadian Home Builders’ Association’s prestigious SAM Award. It boasts over 14,000 square feet of unpretentious yet elegant and grand living space on a full acre on one of South East Oakville’s most coveted streets.