1075 Burnhamthorpe Rd W
Rural Oakville, Oakville, L6M 4K9
FOR SALE
$3,699,000
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3
BEDROOMS1
BATHROOMS1
KITCHENS8 + 2
ROOMSW9054035
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Property Description
Great Opportunity for Investors, Builders, and Developers!This approximately 1-acre lot is approved for 16 allocations and is zoned for future residential development, perfect for building townhouses or detached homes. Nestled in a private country setting, yet only minutes away from the upcoming 407 GO Station Neyagawa Transitway Hub, this property offers excellent investment potential.The existing detached workshop/garage, with a separate entrance, provides ample parking and extra storage space. This rare find is ideal for both residential living or transforming into a business, thanks to its favorable zoning. The lot boasts a frontage of 150 feet and a depth of 290 feet.Located near the city, hospital, highways, and more, this is an ideal spot for future development. The City of Oakville's future zoning plans allow for the construction of townhouses or homes. Don't miss out on this exceptional opportunity!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-06-30 | 2023-10-29 | 122 | $3,399,000 | - | Expired |
| 2023-02-10 | 2023-06-28 | 138 | $3,399,000 | - | Terminated |
| 2022-11-08 | 2023-02-07 | 92 | $3,500,000 | - | Expired |
| 2020-08-04 | 2021-03-12 | 220 | $2,490,000 | $2,400,000 | Sold |
| 2019-07-31 | 2020-07-31 | 366 | $2,490,000 | - | Expired |
Property Features
Hospital, Ravine, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
150' x 290'
Acreage
.50-1.99
Lot Irregularities
Approximately 1 Acre
Fronting
North
Taxes
$7,568 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
Central Air
Water
Well
Parking Spaces
9
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Ground | 12.01' x 16.86' | Hardwood Floor, Eat-In Kitchen |
| Living | Ground | 13.94' x 15.12' | Hardwood Floor, Fireplace |
| Dining | Ground | 13.29' x 15.12' | Hardwood Floor |
| Foyer | Ground | 4.46' x 6.79' | Hardwood Floor |
| Prim Bdrm | Ground | 13.32' x 13.32' | Hardwood Floor |
| 2nd Br | Ground | 8.99' x 13.32' | Hardwood Floor |
| 3rd Br | Ground | 9.88' x 11.84' | Hardwood Floor |
| Laundry | Ground | 5.94' x 7.38' | |
| Games | Bsmt | 24.41' x 12.73' | |
| Rec | Bsmt | 12.96' x 25.79' |
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Oakville Market Statistics
Oakville Price Trend
1075 Burnhamthorpe Rd W is a 3-bedroom 1-bathroom home listed for sale at $3,699,000, which is $2,202,750 (147.2%) higher than the average sold price of $1,496,250 in the last 30 days (August 8 - September 6). During the last 30 days the average sold price for a 3 bedroom home in Oakville increased by $99,104 (7.1%) compared to the previous 30 day period (July 9 - August 7) and up $27,002 (1.8%) from the same time one year ago.Inventory Change
There were 82 3-bedroom homes listed in Oakville over the last 30 days (August 8 - September 6), which is up 32.3% compared with the previous 30 day period (July 9 - August 7) and up 46.4% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oakville typically sold ($69,762) (4.7%) below asking price over the last 30 days (August 8 - September 6), which represents a $24,649 decrease compared to the previous 30 day period (July 9 - August 7) and ($14,969) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Oakville over the last 30 days (August 8 - September 6) stood at 78.0%, up from 66.1% over the previous 30 days (July 9 - August 7) and up from 66.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Oakville stood at 26 days when successfully sold over the last 30 days (August 8 - September 6), compared to 51 days before being removed from the market upon being suspended or terminated.Listing contracted with Zown Realty Inc.
Similar Listings
Welcome to 162 Dianne Avenue, a prime corner lot in the heart of Oakville, offering an exceptional opportunity to build your dream home. Located within walking distance to Downtown Oakvilles vibrant shops and dining options, this property is surrounded by newly constructed homes, reflecting the area's dynamic growth and modern appeal. With its spacious dimensions and strategic corner position, this lot provides the perfect canvas for a custom home tailored to your vision. Dont miss out on this unique chance to invest in a rapidly evolving neighbourhood.
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