We get asked about new condo developments in Oakville all the time, and our recommendation changes every month. Earlier this year, Mattamy cleared out inventory at two of their major projects in North Oakville, but those are mostly sold for the time being. Right now, WPdevelopment are selling their remaining inventory at The Wilmot at heavily discounted sale prices.
What we love about these north Oakville condos is their location. North Oakville is renowned for its convenience. The community is quiet, yet highly connected:
- Under 5 minutes to: Walmart Supercentre, Longoes, Great Canadian Superstore, Canadian Tire, and two+dozen smaller retailers.
- Under 5 minutes to Highway 403 and the QEW, with Highway 407 also close by
- About 10 minutes to the Oakville GO Station
- Roughly 40 minutes to downtown Toronto, 15 minutes to Mississauga, and 25 minutes to downtown Oakville and the lake
- A short drive to Oakville Trafalgar Memorial Hospital, one of the region’s newest and most comprehensive healthcare facilities
- Close proximity to North Park Sports Complex, several golf courses (including Glen Abbey), and an extensive trail and park network
Before we go further: we don’t work for the builder. Me and Janette are two local, Oakville realtors who represent families looking to purchase real estate in Mississauga, Oakville, and Mississauga.
With that said, here’s our honest take on The Wilmot.
The Wilmot: North Oakville Condos For Sale
The Wilmot is a 9-storey, 380-suite condominium on the northeast corner of Dundas Street East and Eighth Line. It’s a boutique-scale building for the area, and the design leans into that: there’s a 4 storey tall podium to the north, and along Dundas you’ll find the taller portion of the building. The project features a unique exterior design with white and gold fins, making it a unique design in the community.
The amenity list is genuinely well-rounded for a building this size:
– A two-storey, hotel-style lobby with 24-hour concierge
– An event lounge with a fireplace and private catering kitchen
– A tech lounge and business centre for anyone working from home
– A double-height, full-sized gym (over 2,800 sq. ft.) plus a dedicated yoga studio
– A landscaped central courtyard with a pergola and seating areas
– An 8th-floor rooftop terrace with BBQs and both east and west exposure, looking out over North Oakville and the city skyline
– A pet spa and automated parcel room
The Suites
Suites range from compact one-bedrooms up to three-bedroom-plus-den layouts, roughly 441 to 1,108 square feet, all with 9 to 10-foot ceilings, floor-to-ceiling windows, and an outdoor space (balcony or terrace, depending on the unit). Every suite comes with quartz countertops, Energy Star appliances, and Bell Gigabit Fibe internet included in the maintenance.
The building also comes with WP Advance, a smart home system built into every suite and common area from day one: keyless entry, self-monitored in-suite security, smart parcel lockers, license plate recognition for parking, and app-based access for guests. It’s a genuinely useful set of features rather than a marketing gimmick, and it’s included as a standard, not an upgrade.
Pricing and What’s Actually on the Table Right Now
As of this writing, suites at The Wilmot are being marketed from the low $400,000s, with the current price list showing one-bedroom units from roughly $414,000 and larger two- and three-bedroom suites priced up to around $710,000. A number of units on the current list are already marked sold, which tells us the building has real, active demand rather than sitting untouched.
The Wilmot Clearout Inventory Price List*
A few details worth knowing before you go in:
This is move-in ready inventory, not a multi-year preconstruction commitment. The builders are looking for a quicker closing, so it’s a fantastic opportunity for someone to get a new unit that is move-in ready. But it’s not a good project for someone looking for a hands-off precon investment.
The benefit of buying existing inventory is that you’re not exposed to years of construction risk, and the risk of buying property at today’s prices and closing in 5+ years when prices or interest rates could shift. You also remove the risk of the developer cancelling the project, or the project going bankrupt in several years after your initial deposits are taken.
The deposit structure is minimal for a new-construction purchase — 5% on these move-in ready units, which is considerably lower than the 20% often required on standard preconstruction.
Prices are based on a proposed enhanced HST rebate. If that rebate isn’t enacted, delayed, or amended, the price increases by the amount of HST and the purchaser is responsible for the difference. This is standard new-construction language, but it’s exactly the kind of clause we want to walk through with you line by line before you sign anything.
Maintenance fees are currently set at $0.62/sq. ft., with additional monthly charges for parking maintenance, monitoring, and bulk internet. We recommend not cross-shopping condos based on their posted maintenance when we’re looking at preconstruction, or newly constructed properties… the true cost of running a building is only known 2+ years after occupancy, so take that $0.62 with a grain of salt.
Why Timing Might Actually Matter Here
We’ve been tracking the GTA condo market closely in our own market updates, and one trend stands out: new condo completions are falling off a cliff. The past three years brought a wave of new supply to the market (almost 60,000 completions). Over the next three years, that new supply drops by nearly half, and the years after that, new completions all but disappear. (That’s because investors stopped buying into precon projects in 2022 after the crash, and all the new inventory we’re getting is from sales pre-market crash).
That matters for a building like The Wilmot. It’s finished, it’s move-in ready, and it’s priced against today’s softer condo market rather than a hypothetical closing date years from now. If completions really do dry up the way the data suggests, buildings with immediate occupancy and today’s pricing may look very different in hindsight a few years out.
Our Honest Recommendation
Buying preconstruction is not as straightforward as walking into the builder’s office and signing the offer. Every offer from a developer is different, and while the salesperson is not allowed to deceive you, they also are not working in your best interest. The builder’s sales agent is legally responsible to get the builder the best possible terms in the contract.
We’ll help you compare the unit you’re eyeing against what else is available in the building and in the broader Oakville and Burlington condo market, make sure you understand every clause in the agreement of purchase and sale, and negotiate on your behalf, not the builder’s.
If you’d like a private tour of The Wilmot, or want to see how it stacks up against similar new developments in the area, reach out to us anytime. We’re happy to help.
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*Pricing, availability, and incentives referenced above are current as of this writing and subject to change without notice by the builder. Contact us for up-to-date pricing and floor plan availability.*
