Oakville's Most Affordable Neighbourhoods For the Past 10 Years

Matthew Kelly | eXp Realty 
 10 Dec 2022

Most Affordable Neighbourhoods in Oakville Ontario

Hey there, Oakville explorers! Ever think that Oakville’s chic, upscale vibe is out of reach? Think again! I’ve dug deep into the real estate archives to uncover Oakville’s most affordable neighbourhoods that don’t skimp on that coveted Oakville charm. 

Whether you’re setting up your first home, looking for a family-friendly community, or just want to enjoy Oakville’s lush lifestyle on a budget, you’re in the right place.

 And hey, don’t miss out on our FREE Oakville Home Buyers Starter Kit—it’s packed with tips to get you into your dream home in an amazing neighbourhood

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Grab Your FREE Oakville Home Buyers Starter Kit

Before you start your search for your next home in one of the neighbourhoods in Oakville, Ontario make sure you download our FREE Oakville Home Buyers Starter Kit

With this free resource, you’ll gain access to insider knowledge about the best neighbourhoods in Oakville and learn how to avoid common pitfalls. Whether you’re a first-time buyer or a seasoned pro, this kit is a must-have


Imagine a neighbourhood where modern homes blend seamlessly with community vibes, welcoming young families and professionals alike. That’s Westmount for you—a place where convenience meets style, all wrapped up with a bow of affordability.

  • Healthcare: Steps away from Oakville Trafalgar Hospital—ideal for healthcare professionals or those prioritizing health access.
  • Education: Boasts proximity to Garth Webb Secondary School, ensuring top-notch education for your kids.
  • Parks: Features West Oak Park, with sports fields, a large jungle gym, and a splash pad, plus trails connecting to Arbourview and Millstone Park.
  • Dining: Thai Smile restaurant offers a taste of Oakville’s culinary scene right in your backyard.
  • Real Estate Snapshot: Modern detached homes and townhouses make up about 45% of the housing, with a construction boom post-2000. Expect smaller lots typical of new developments.

Central Oakville

Central Oakville is where the heart of the city beats the strongest, offering a waterfront lifestyle that’s both vibrant and surprisingly affordable. It’s a mix of old-world charm and modern convenience, perfect for those who love being in the middle of it all.

  • Strategic Location: Nestled by Lake Ontario, providing easy access to the Oakville GO station for commuters.
  • Housing Diversity: A balanced mix of large apartment buildings, single detached homes, and townhouses catering to a variety of lifestyles and budgets.
  • Architectural Variety: Homes range from those built between 1960-1980 to charming structures pre-dating 1960, offering one and two-bedroom options predominantly.

College Park

College Park is a vibrant, mature community where diversity thrives. From students buzzing around Sheridan College to families and retirees enjoying a peaceful yet connected lifestyle, College Park is all about choice and charm.

  • Education at Its Core: Home to Sheridan College and various public and Catholic schools, making it a hub of learning and development.
  • Retail Therapy: Features Oakville Place mall, recently revitalized to enhance your shopping experience.
  • Outdoor Life: The community is dotted with parks like Oakville Park, offering sports fields and trails for the active family.
  • Housing Details: The area boasts a wide range of homes from the 1955-1988 era, known for their spacious lots, adding to the neighbourhood’s appeal.

River Oaks

River Oaks is a testament to Oakville’s dedication to creating inclusive, vibrant communities. With its mix of parks, schools, and modern homes, River Oaks is where community spirit flourishes, making it a sought-after neighbourhood for those seeking diversity and vitality.

  • Community Spirit: Celebrated for its inclusive atmosphere and close-knit community feel.
  • Recreational Offerings: The neighbourhood is home to the River Oaks Community Centre & Park, featuring sports fields and trails that meander through Munns Creek.
  • Educational Excellence: Boasts schools like Holy Trinity Catholic Secondary School within its bounds.
  • Housing Mix: Urban-style living with detached houses and townhouses primarily built in the ’90s and early ’00s, plus new condos at Dundas and Trafalgar for a modern touch.


Falgarwood offers a serene, community-oriented lifestyle that’s surprisingly affordable. With its spacious homes and unique amenities, it’s a neighbourhood that proves you don’t have to compromise on space or quality of life, even in Oakville.

    • Exclusive Amenities: Features the Falgarwood Outdoor Pool and Joshua’s Creek Arenas, plus Iroquois Shoreline Woods Park for nature enthusiasts.
    • Spacious Living: The neighbourhood is known for its 70% detached homes and 30% townhomes, mostly from the ’60s and ’70s, sitting on generously sized lots.

Oakville’s unique blend of charm and accessibility shines even in its more budget-conscious neighbourhoods. While Westmount, Central Oakville, College Park, River Oaks, and Falgarwood represent the more attainable side of Oakville’s real estate market, it’s important to note they still reflect Oakville’s overall premium living standards. 

These neighbourhoods offer a balance of affordability and the high-quality lifestyle Oakville is celebrated for, albeit at a higher entry point compared to neighbouring cities. 

Interested in exploring these options further? Let’s connect for up-to-date pricing and personalized guidance through Oakville’s real estate landscape. 

And remember, your journey to finding the perfect Oakville home is made easier with our FREE Oakville Home Buyers Starter Kit, packed with essential insights and tips.



✅ Buying vs Renting.. What’s Different?
✅ First Steps To Stress-Free Home Buying
✅ Top Home-Buying Mistakes to Avoid
✅ Understand What to Look For In a Home
✅ Discover The Hidden Closing Cost & How Much?
✅ Complete Moving Checklist


✅ Understand Pros & Cons of Oakville
✅ Discover Best & Worst Neighbourhoods
✅ What & Where the Top Schools Are
✅ Cost of Living in Oakville
✅  Learn About Top 10 Parks in Oakville
✅  & More About the Surrounding Cities 

Moving to Oakville

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Step 1: Oakville Starter Kit

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Step 2: Buyer Kick Off Call

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Step 3: Find Your Home

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