1538 Lancaster Drive Townhouses
Established three-bedroom townhomes in Falgarwood, Oakville
The townhouses at 1538 Lancaster Drive, in central Oakville's Falgarwood neighbourhood, have three bedrooms each and suit families on a tighter budget. Holton Heights Park and Litchfield Park are both about 900 metres away, Laurelwood Park and Algrove Park are nearby, and a Metro supermarket and banks are a quick drive at Eighth Line.
Completed in 1979, the building has suites from 1,000 to 1,199 sq ft.
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1538 Lancaster Drive is a townhome community completed in 1979, in Oakville's Falgarwood neighbourhood. It's a quiet, settled part of central Oakville.
Every home on Lancaster Drive has three bedrooms, with 1,000 to 1,199 square feet of space. The complex is an option for families on a tighter budget who still want an Oakville address.
Falgarwood is known for its tree canopy. Falgarwood Park, the community pool and local trails are close. Four neighbourhood parks are within about a kilometre. The plaza at Eighth Line and Upper Middle has a large Metro, banks, pharmacies and casual restaurants. Families on Lancaster Drive should confirm which elementary and high schools serve the street.
Drivers get onto the QEW or Highway 403 in minutes, and the Oakville train station is about ten minutes south.
Since these homes date from 1979, the reserve fund study is worth a close look before you buy.
2006 Glenada Crescent is a similar complex close by, and 1270 Gainsborough Drive offers larger homes nearby. Local sales are in the Falgarwood market report. More homes are listed on Oakville townhouses for sale.
Errors & omissions: information here — including specifications, unit sizes, amenities, addresses and neighbourhood details — is provided for general informational purposes only and is subject to change without notice. Buyers and interested parties should verify all details independently with the developer, builder or relevant authorities before making any decisions.
Who This Building May Suit
Its larger 3-bedroom-and-up units give growing families real room to spread out.
Before you buy, it's worth understanding what a status certificate review covers for this specific building.
Falgarwood Neighbourhood
1538 Lancaster Drive Townhouses is located in Falgarwood, Oakville.
See what's nearby -- schools, parks, shopping and transit -- in the map below, or explore the Falgarwood neighbourhood guide.
Nearby Schools
Elementary
- Sheridan Public School174 m · 2 min walk
Halton DSB
- Holy Family Catholic Elementary School364 m · 5 min walk
Halton CDSB — JK-8
- Falgarwood Public School735 m · 9 min walk
Halton DSB
- St. Marguerite d'Youville Catholic Elementary School1.4 km · 18 min walk
Halton CDSB — JK-8
- Post's Corners Public School1.9 km · 24 min walk
Halton DSB
- Joshua Creek Public School2.0 km · 25 min walk
Halton DSB
- St. Michael Catholic Elementary School2.0 km · 25 min walk
Halton CDSB — JK-8
Secondary
- Iroquois Ridge High School1.0 km · 13 min walk
Halton DSB
Nearby Amenities
Park
- Holton Heights Park895 m
- Litchfield Park945 m
- Laurelwood Park977 m
- Algrove Park1.0 km
Pet Store
- Wag-a-Way1.3 km
Restaurant
- Monaghan's Sports Pub & Grill1.2 km
- Punjabi Flavours1.2 km
- Shelby's1.3 km
1538 Lancaster Drive Townhouses Market Snapshot
Live snapshot of this building's own listings -- rentals not included
Bedrooms
There aren’t enough recent sales to report on 1538 Lancaster Drive Townhouses specifically — see the Falgarwood market report for the broader area.
1538 Lancaster Drive Townhouses vs Falgarwood vs Oakville
| Metric | 1538 Lancaster Drive Townhouses Live snapshot · sold last 24mo | Falgarwood 2026-09-01 · sold last 24mo | Oakville Sold last 24mo |
|---|---|---|---|
| Active Listings | 0 | 4 | — |
| Median Asking Price | — | $709.9K | — |
| Avg. Days on Market | — | 17 | — |
| Sold (24mo) | 1 | 47 | — |
| Median Sold Price | — | $650K | — |
| Median $/sqft (Sold) | — | $492 | — |
| Sale-to-List Ratio | — | 98% | — |
| Months of Inventory | — | 1.3 mo | — |
Active Inventory
Closed Sales — Last 24 Months
1 sold in the last 24 months
Market statistics are aggregate estimates compiled from TRREB (Toronto Regional Real Estate Board) MLS® data via the PropTx IDX/VOW feed. Deemed reliable but not guaranteed accurate, provided for general informational purposes only, and not a substitute for a professional appraisal, inspection, or investment advice. No liability is assumed for any errors or omissions.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
Frequently Asked Questions
Where is 1538 Lancaster Drive Townhouses located?
This townhome community is located at 1538 Lancaster Drive in the Falgarwood neighbourhood of Oakville, Ontario.
What year was the townhouse complex built?
The 1538 Lancaster Drive Townhouses community was built in 1979.
What unit types and sizes are available here?
The homes in this community are three-bedroom layouts, ranging in size from approximately 1,000 to 1,199 square feet.
Is 1538 Lancaster Drive Townhouses convenient for commuters?
Yes, drivers have quick access to the QEW and Highway 403, and the Oakville GO station on the Lakeshore West line is just a short drive away for transit access to Toronto.
What schools serve the local area?
Young residents can attend Falgarwood Public School (JK–8), which feeds into Iroquois Ridge High School, with several local Catholic school catchments also nearby.
Where do residents of 1538 Lancaster Drive do their shopping?
Local shopping is anchored by the Upper Oakville Shopping Centre at Eighth Line and Upper Middle Road, which hosts a flagship Metro grocery store, pharmacies, banks, and casual dining options.
Similar & Nearby Buildings
Other buildings in this pocket of Falgarwood with units on the market right now.
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1270 Gainsborough Drive
1270 Gainsborough Drive
$680k - $950k · Median $815k
Maintenance Fees: $448–$491/mo
Building Features: 95 units · Built 1972
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1066 Falgarwood Drive Townhouses
1066 Falgarwood Drive
$500k - $500k
Maintenance Fees: $947/mo · Suite Sizes: 1,400–1,799 ft²
Building Features: 3 floors · Built 1975
Miko Nalepa
Realtor® at The Condo Bar Real Estate · RECO #4737024
With 15+ years in real estate and a GTA West focus since 2016, Miko Nalepa is a Realtor® with Right At Home Realty, Brokerage, specializing in condos, townhouses, and detached homes across Mississauga, Oakville, Burlington, and Milton. The focus stays deliberately narrow -- four cities, not a Toronto-wide practice -- because that's what it takes to know individual buildings and blocks, not just neighbourhood names.
Miko Nalepa is also the creator of The Condo Bar, the data platform behind this site, tracking building-level sales history and live market reports across 450+ GTA West condo buildings so every recommendation starts with what comparable units actually closed for, not asking price.
All building details, amenities, pricing, and listing information on this page are deemed reliable but not guaranteed, and may change without notice. This page is provided for general information purposes only and does not constitute legal, financial, or professional advice. Buyers are responsible for independently verifying all information, including unit availability, pricing, fees, and building specifications, before making any decisions. No liability is assumed for any errors or omissions.