South Lake by Menkes — Elizabeth Gardens
Menkes in Elizabeth Gardens, south Oakville — the lakeside half of town, where new construction is genuinely rare because there is very little land left.
Unlock current pricing & floor plans
Tell me your budget and the layout you need. I will come back with what is genuinely available right now, the deposit structure, and any builder incentives actually on the table — plus an honest read on whether the numbers work for you.
What is being built
Listed range is 2,631 – 3,557 sq ft across 4 to 4.5 bedrooms, priced Register for current pricing. Lot premiums, elevations and remaining inventory change with every release — ask me what is actually available before you shortlist a plan.
Figures above are the builder’s published ranges for this community and are not a quote on any specific lot or elevation.
Confirmed details
| Project | South Lake by Menkes — Elizabeth Gardens |
| City | Oakville |
| Area | Elizabeth Gardens, Oakville |
| Property type | house |
| Status | Under construction · selling |
| Bedrooms | 4 to 4.5 |
| Bathrooms | 3.5 to 4.5 |
| Size range | 2,631 – 3,557 sq ft |
| Price range | Register for current pricing |
These are the publicly listed details. Pricing, availability, floor plans, deposit structure, incentives and occupancy are set by the builder and change without notice — I confirm current details directly with the sales office before you commit to anything.
Jatin’s read on South Lake
Who this suits
Buyers who want south Oakville specifically. Below the QEW is the established, tree-lined, lake-adjacent part of town, and new supply there is scarce.
Families wanting a large home — nothing here is under 2,631 sq ft.
What to watch
Freehold new build in the 905 means you are buying into a community that is still filling in — amenities, schools and retail follow the houses rather than arriving with them. Confirm what is built versus planned around the site, and get development charges capped in the agreement, because uncapped they land on you at closing with no ceiling.
Across all pre-construction right now: units frequently appraise below their contract price at closing, and because lenders fund against appraised value rather than what you agreed to pay, the buyer funds that gap in cash. Buy only if you can carry it, close it and hold it.
The value question
Scarcity of land in south Oakville is the whole argument. Most new construction in this town happens north of Dundas; building below the QEW is unusual and cannot easily be repeated.
Menkes is an established developer with a long GTA record, which reduces completion risk — worth real money in the current market.
Elizabeth Gardens, Oakville
Elizabeth Gardens is in southeast Oakville near the Burloak boundary with Burlington, an established lakeside area close to waterfront parks.
Getting around: Oakville and Bronte GO on the Lakeshore West line reach Union in roughly 30–35 minutes, with Oakville Transit feeding both. The QEW and 403 are immediate.
Oakville is the most expensive of the three, with strong schools, a genuine downtown and lakefront, and North Oakville absorbing most of the new supply. Product splits sharply between entry condos and large detached homes.
South Lake questions
Where is South Lake by Menkes — Elizabeth Gardens located?
In Elizabeth Gardens, Oakville. Confirm the exact address and site boundaries with the sales office — I obtain the full package including site plan, floor plans and current pricing directly rather than relying on third-party listings.
How much does South Lake by Menkes — Elizabeth Gardens cost?
The publicly listed range is shown in the details table above, but pre-construction pricing changes constantly and varies substantially by suite or lot, floor, exposure and release. Register and I will send the current price list and availability rather than a launch sheet that may be months out of date.
What should I negotiate on a pre-construction purchase?
Capped development charges and levies above all — uncapped, these land on you at closing with no ceiling and can run several thousand dollars or more. Also ask for a free assignment clause so you keep an exit, an extended or reduced deposit structure, and the right to lease during occupancy if that matters. Builders are granting these concessions in the current market and were not in 2021.
What is the risk of buying pre-construction right now?
The main one is appraisal shortfall at closing. Units frequently appraise below the contract price, and because lenders fund against appraised value rather than the price you agreed to pay, the buyer must fund the difference in cash. Assignment as an escape route is also difficult in the current market. Buy only if you can carry it, close it and hold it for a long period.
Do I pay HST on a new build in Ontario?
HST applies to new residential construction, but substantial rebates exist. Ontario announced relief of up to $130,000 on qualifying new homes — $50,000 on the federal portion and $80,000 provincially — with agreement date windows and construction timeline conditions. Eligibility generally depends on occupying the home as a primary residence, and builder pricing is frequently quoted net of an assumed rebate. Confirm your position with an accountant before signing.
Can Jatin help with a purchase outside Etobicoke?
Yes. I am licensed across Ontario and work throughout the western GTA, including Mississauga, Brampton, Oakville, Milton and Burlington. The process is the same: I get the current package from the sales office, model the true all-in cost including both deposits and closing, and give you a straight assessment of whether the numbers work.
Pre-construction information is provided for general reference. Prices, sizes, specifications, availability, incentives and occupancy dates are set by the builder and are subject to change without notice. Listed details are drawn from publicly available project information and are not a builder publication; Jatin Dua does not represent the developer. Renderings are artist’s concepts. Obtain independent legal advice on the agreement of purchase and sale within the statutory cooling-off period, and independent tax advice on HST and GST rebate eligibility. E.&O.E. Jatin Dua is a Realtor with RE/MAX Quantum Realty.