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499 VALLEY DRIVE N, Oakville (WO West) — listed at $1,398,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Ground level | 4 x 3 meters |
| Bedroom 2 | Ground level | 3.5 x 3.5 meters |
| Bedroom 3 | Ground level | 4 x 3.5 meters |
| Bedroom 4 | Lower level | 6 x 4 meters |
Is 499 VALLEY DRIVE N a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 12 spaces — Detached Garage, Garage.
What makes this a luxury property?+
At $1,398,000, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,435, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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