499 Valley Drive N, Oakville - Listed at $1,398,000. | Modern Solution Realty

499 Valley Drive N, Oakville

499 Valley Drive N in Oakville - 4 bedroom, 2 bathroom. Listed at $1,398,000.

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.

Property Details

  • Property Type: Mortgage
  • Style: 1 1/2 Storey
  • Square Footage: 900 sqft
  • Basement: Finished
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 12 spaces
  • Property Taxes: $6,435/yr
  • Neighbourhood: 1020 - WO West
  • Postal Code: L6L 4L9

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