Property Information:

Rare 60 feet by 252 feet Ravine Lot with Income-Producing Bungalow and Near Shovel-Ready Custom -Home Plans (Trees have been cleared from the Lot) - Welcome to 499 Valley Drive-an exceptionally rare redevelopment opportunity in one of Oakville's most desirable neighbourhoods. Set on an extraordinary 60 252-ft lot backing onto a creek and ravine, this property offers the privacy, depth and natural surroundings that are increasingly difficult to find in Oakville.The property currently features a four-bedroom bungalow, providing buyers with the flexibility to live in the existing home, continue using it as an income-producing property, or build the proposed luxury custom residence when ready. The bungalow is presently leased for approximately $3,400 per month, offering immediate rental income while the purchaser completes their construction planning.The property is being offered with substantially completed plans and permits for a magnificent neoclassical custom residence by Adlakha Design & Build Inc. The project is expected to be approximately 15 days away from shovel-ready status, subject to final municipal processing and approvals. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: N/A
Construction Style - Attachment: Detached
Exterior Finish: Brick, Aluminum siding
Floor Space: 700 - 1100 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Central Vacuum

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 2
Floor Space (approx): 700 - 1100 Square Feet
Irregular: Yes
Lot Depth: 252.2 Feet
Lot Frontage: 60 Feet
Lot Size: 60 x 252.3 FT
Utility Type: Hydro - Installed
View Type:
Zoning: N, RL3-0
Parking Type: Detached garage, Garage
No. of Parking Spaces: 12

Rooms:

4th Bedroom Lower Level 6.00 m x 4.00 m
Bedroom Ground Level 4.00 m x 3.00 m
2nd Bedroom Ground Level 3.50 m x 3.50 m
3rd Bedroom Ground Level 4.00 m x 3.50 m

Convert Measurement to:

Courtesy of: SUTTON GROUP QUANTUM REALTY INC.

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Demographic Information of 499 VALLEY DRIVE N, Oakville, Ontario, L6L 4L9

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$134,955.92

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.9 %

High school certificate or equivalent

22.2 %

Apprenticeship trade certificate/diploma

5.08 %

College/non-university certificate

15.95 %

University certificate (below bachelor)

2.62 %

University Degree

34.25 %

Commuter

Travel To Work

By Car

86.5 %

By Public Transit

8.12 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

5.38 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

499 VALLEY DRIVE N, Oakville, Ontario, L6L 4L9