Old Mill Condos: Located Within the Best Neighbourhood to Live in Oakville
Located in Old Oakville, which is widely considered to be one of the best neighbourhoods to live in Oakville, are the Oakridge Heights three-building development. 40, 50 and 60 Old Mill Road are centrally located and just steps away from an abundance of wonderful amenities. The most notable feature of this condo complex is the proximity to the Oakville GO Station – so if you are living in Oakville but working in Toronto, you could not ask for a more convenient location! Nestled in between Kerr Street and the Cornwall Plazas, as a resident at Old Mill, you have so many wonderful options for food, groceries, stores, and more, and you don’t even have to get into your car. Enjoy with ease – your favourite locations such as Starbucks, Shoppers Drug Mart, Indigo, Whole Foods, LCBO, and more. Walkability is one of the many reasons why it is one of the best neighbourhoods to live in Oakville!
These condominiums were built by United Lands between the years 2000 and 2005, and a few have undergone some pretty impressive renovations. You may also take advantage of the array of condo amenities such as a fitness room, a party room, patio area with barbeques and and indoor pool.
PH906 – 50 OLD MILL ROAD, OAKVILLE
This penthouse unit was fully renovated with numerous recent upgrades including a stunning kitchen & bathroom, fireplace, stainless steel appliances, newer flooring, and floor to ceiling windows. The open concept layout everyone is looking for. A spacious sized den that can be used as a second bedroom or a home office for convenient work-from-home lifestyle. The Principal Bedroom and main living space have hardwood flooring throughout. 9 foot ceilings, in-suite laundry room, lots of built-in storage, and parking for 2 cars! Amazing condo amenities: Indoor pool, sauna, gym, party room with pool table, patio area for BBQ, security gate, and ample visitor parking. A stones throw away to Oakville GO Train station and easy access to the QEW – a bonus for commuters! Walking distance to Whole Foods, LCBO, Starbucks, and more!
UNIT 103 – 40 OLD MILL ROAD, OAKVILLE
Don’t sacrifice space and quality for care free living! This spectacular south facing corner suite located on the ground level shows greenery from every window and two tiled terraces. A large foyer with double front closets greets you to 2976 sq ft of luxurious living, three bedrooms, 3.5 bathrooms. The living room is a perfect entertaining space with gas fireplace and oversized picture windows to enjoy the views. A separate 17×14 dining room with beverage servery will accommodate any occasion. Open concept kitchen to breakfast area and walkout to terrace. The master bedroom retreat boasts a gas fireplace, 5 pc spa-like marble master ensuite, 2 walk-in closets and a private den/nook and patio area. 2 additional bedrooms each with their own ensuites. Separate laundry room with stackable washer and dryer, sink and hanging area. Marble floors,cove ceiling, built-in cabinetry, hardwood flooring, granite counters. Freshly painted throughout. 2 premium parking spaces and two lockers located just inside the entry doors. Newly updated entrance and hallways of the building. Amenities include pool, gym, party room, card room, BBQ area. Close to highway, downtown Oakville, Whole Foods, Starbucks and more! Leave the car at home and literally be steps to the GO Station!
UNIT 510 – 40 OLD MILL ROAD, OAKVILLE
Enjoy views of 16 Mile Creek from this west facing suite with balcony. Comfort and convenience best describe this 2+1 bedroom condo suite. Kitchen with newer appliances overlooks bright open concept dining and living area with maple floors. Two full en-suites, with walk-in closets. Fantastic floor plan with multi purpose den which could be used as a third bedroom or separate dining room. 2 owned parking spots and exclusive locker. Building with great amenities, including gym, sauna, party room, indoor pool and security gate house. Great location, close to downtown Oakville, shops/restaurants, easy access to highway and steps to Oakville Go Station.
These condominiums are wonderful luxury residences for those who are looking to get into condo living – and it helps that it is located in one of the best neighbourhoods in Oakville. A few of the units in the building offer views of Sixteen Mile Creek and even Lake Ontario. The floor plans in the buildings range from about 550 square feet up to just under 3000 square feet – so there are a number of fabulous options if you are considering a move.
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FALL MARKET KICKOFF: September 2025 Real Estate Market Update
As summer winds down, the Greater Toronto Area (GTA) real estate market is shifting once again—this time with an important boost from the Bank of Canada’s recent interest rate cut. On September 17, 2025, the Bank lowered its policy interest rate to 2.5%, marking a significant move that is expected to reinvigorate buying activity across the region.
Market Snapshot: August 2025 (TRREB) 
According to the Toronto Regional Real Estate Board (TRREB), August brought encouraging signs of stability:
- Sales: 6,232 transactions across the GTA, a 4.6% increase from August 2024.
- New Listings: 13,119, down slightly year-over-year, helping balance supply.
- Average Selling Price: $982,880, nearly flat compared to last year (+0.4%).
- Trend: Balanced conditions are giving both buyers and sellers room to maneuver, with the recent rate cut expected to stimulate fall demand.
City & Regional Highlights
Toronto 
Toronto continues to see steady demand for condos and townhomes, appealing to buyers looking for affordability in the core. Detached homes are moving more cautiously, but price stability suggests confidence returning to the market.
Mississauga 
Mississauga remains a buyer-friendly market, especially in the detached and semi-detached segments. With borrowing costs easing, families upsizing or relocating may find strong value in the fall.
Oakville 
Luxury demand in Oakville is regaining traction. The combination of limited inventory and lower financing costs positions this market for an active fall season, especially for executive homes and lakefront properties.
Burlington 
Burlington continues to attract buyers migrating west from Toronto. The city’s blend of affordability, lifestyle, and community feel has kept prices steady and competitive.
Muskoka 
Cottage country remains strong, with buyers eyeing investment properties and second homes. While activity softened slightly through the summer, the rate drop could encourage more buyers to act before year-end.
What This Means for Buyers & Sellers
With interest rates now at their lowest level in two years, affordability is improving across the GTA and Muskoka. Buyers who were waiting on the sidelines are expected to re-enter the market this fall, while sellers may benefit from increased competition for well-priced homes.
At Regan Irish & Associates, we specialize in helping clients navigate market shifts with confidence. Whether you’re buying a luxury home, selling a family property, or investing in Muskoka, our market insight and negotiation expertise ensure you get the best results.
1320 Cornwall Rd Unit 103, Oakville, ON L6J 7W5
905.842.7677
Visit reganirish.com——
August 2025 GTA Real Estate Market Update | Regan Irish
The August 2025 GTA Real Estate Market Update reflects renewed momentum and affordability in Toronto, Oakville, Mississauga, Burlington, and Muskoka. Thanks to steady interest rates and appealing home prices, July proved surprisingly dynamic. Let’s dig into the numbers and what they mean for you.
Interest Rates Remain Stable — Affordability Fueling Activity
In July 2025, the Bank of Canada maintained its key rate at 2.75%, its third consecutive pause. With lower borrowing costs now more accessible, affordability is encouraging a wave of renewed buyer activity.
GTA Market Overview: Sales Surge, Prices Slightly Dip
- Home Sales: 6,100+ transactions region-wide, marking a 10.9% increase YoY and the strongest July since 2021.
- Month-over-Month: Seasonally adjusted sales rose 13% from June to approximately 5,744 units, the biggest monthly gain in nine months.
- New Listings: Up 5.7% YoY, totaling 17,613 new offers.
- Price Trends:
- The MLS® Home Price Index (HPI) Composite Benchmark fell 5.4% YoY.
- The average GTA selling price dropped 5.5% YoY to around $1,051,719.
- Word on the street indicates the HPI drifted slightly lower—about $979,000, down 0.2% from June.
What It Adds Up To: Buyers are back in force—sales are outpacing new listings while prices softened, creating renewed market opportunities.
City Highlights
Toronto
A more balanced landscape—but some segments remain soft. Condos and detached homes see inventory rising; semis are steadier.
Oakville, Mississauga, Burlington & Muskoka
While TRREB doesn’t break down by city in these reports, regional trends suggest:
- Mississauga & Burlington: Strong rise in listings and dipping average prices give buyers leverage.
- Oakville: Stability in demand for luxury keeps discounts modest.
- Muskoka: Continued strong interest in sub-$2M waterfront properties should benefit from broader GTA momentum.
What This Means for You
- For Buyers:
Renewed affordability, rising inventory, and favorable interest rates make August a prime time to move. - For Sellers:
A more balanced market—strategic pricing and quick response will be key to success. - For Investors & Cottage Buyers:
Strong July sales in the GTA point to increasing investor interest; Muskoka remains a high-value lifestyle and investment destination.
Work With the GTA Real Estate Experts
Whether you’re planning to buy a Muskoka cottage, invest in a luxurious Oakville property, or explore options across Toronto, Mississauga, or Burlington, now is the time to act.
Regan Irish & Associates specializes in luxury, resale, and investment properties across the GTA and Muskoka. Our market insight and negotiation skills help you get the best results—whether buying, selling, or investing.
1320 Cornwall Rd Unit 103, Oakville, ON L6J 7W5
905.842.7677
Visit reganirish.com
Let’s make today’s market your opportunity—contact us today!
