The Most Expensive Neighbourhoods in South Oakville: 2024 Rankings
South Oakville is home to some of the most prestigious and valuable neighbourhoods in the Greater Toronto Area (GTA). Combining luxury, history, and lakeside charm, these communities attract discerning buyers looking for exceptional real estate opportunities. Based on the 2024 average sale prices, here are the top five most expensive neighbourhoods in South Oakville.
1. Morrison - 2024 Average Sale Price: $4,213,636
Morrison continues to reign as Oakville’s most expensive and prestigious neighbourhood, with a 2024 average sale price of over $4.2 million, making it not only the priciest area in Oakville but also one of the most exclusive in the GTA. Its luxurious appeal is underscored by expansive lots, custom-built estates, and proximity to Lake Ontario. Morrison also accounted for two of the top five most expensive sales in Oakville in 2024.
Historically, Morrison has seen steady appreciation, consistently leading Oakville in average sale prices year after year. Buyers are drawn to its privacy, tree-lined streets, and proximity to top schools, making it a prime choice for families and luxury investors alike.
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2. Southwest Oakville - 2024 Average Sale Price: $3,747,493
Southwest Oakville stands out for its substantial year-over-year growth, with an average sale price of nearly $3.75 million in 2024. This neighbourhood continues to benefit from its lakeside location, offering unparalleled waterfront views and a mix of mid-century homes and custom builds.
Notably, Southwest Oakville saw record-breaking lakefront transactions in 2024, with two of the year’s most expensive sales occurring here. Over the years, its steady growth in average sale prices has positioned it as a prime destination for buyers seeking luxurious waterfront living.
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3. Old Oakville -2024 Average Sale Price: $3,453,489
Old Oakville blends heritage charm with modern luxury, reflected in its 2024 average sale price of over $3.45 million — a 8.7% increase from the previous year. As Oakville’s oldest and most historic neighbourhood, it boasts 19th-century heritage homes alongside contemporary luxury condos.
Over the past decade, Old Oakville has consistently experienced appreciation in property values, making it a reliable and prestigious investment. With its vibrant downtown core, boutique shops, and lakeside parks, this neighbourhood offers an unmatched combination of elegance and convenience.
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4. Ford - 2024 Average Sale Price: $2,392,266
Ford’s 2024 average sale price of over $2.39 million highlights its appeal as a family-friendly luxury neighbourhood. While more affordable than the top three, Ford continues to attract buyers with its mix of older homes, new builds, and proximity to parks and trails.
Historically, Ford has shown steady growth in property values, offering a balance of suburban tranquillity and easy access to major highways and amenities. This enduring appeal ensures it remains a sought-after destination for buyers seeking upscale living.
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5. Bronte - 2024 Average Sale Price: $1,753,420
Bronte rounds out the top five with an average sale price of $1.75 million in 2024. Known for its marina, scenic parks, and small-town charm, Bronte is a vibrant and picturesque neighbourhood offering both waterfront condos and custom luxury homes.
Over the years, Bronte has maintained stable growth in property values, appealing to buyers looking for a unique lakeside lifestyle. Its charming main street, lined with shops and restaurants, continues to attract those who value community and convenience.
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