457 Lees Lane
Bronte West, Oakville, L6L 4S9
FOR SALE
$4,495,000
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4
BEDROOMS1
BATHROOMS1
KITCHENS8
ROOMSW8014254
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Property Description
One of a kind property located in prestigious south Oakville. This property is just under 1 acre in size and has tremendous development potential. One of the last big properties available. New custom homes have sold in this area upwards of $5mil. With the new Ontario housing policies this site is prime for development. Currently there is a 2 storey 3 bedroom house that is in good condition and rentable
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-11-30 | 2023-12-01 | 366 | $4,495,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
61' x 260'
Acreage
.50-1.99
Fronting
East
Taxes
$8,296 (2023)
Basement
Full
Exterior
Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Pool
Inground
Parking Spaces
10
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.45' x 12.47' |
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Oakville Market Statistics
Oakville Price Trend
457 Lees Lane is a 4-bedroom 1-bathroom home listed for sale at $4,495,000, which is $2,143,736 (91.2%) higher than the average sold price of $2,351,264 in the last 30 days (April 7 - May 6). During the last 30 days the average sold price for a 4 bedroom home in Oakville increased by $275,399 (13.3%) compared to the previous 30 day period (March 8 - April 6) and up $277,438 (13.4%) from the same time one year ago.Inventory Change
There were 216 4-bedroom homes listed in Oakville over the last 30 days (April 7 - May 6), which is up 81.5% compared with the previous 30 day period (March 8 - April 6) and up 64.9% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($49,923) (2.1%) below asking price over the last 30 days (April 7 - May 6), which represents a $32,025 decrease compared to the previous 30 day period (March 8 - April 6) and $16,394 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 4-bedroom homes in Oakville over the last 30 days (April 7 - May 6) stood at 39.4%, down from 95.8% over the previous 30 days (March 8 - April 6) and down from 71.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 1-bathroom home in Oakville stood at 11 days when successfully sold over the last 30 days (April 7 - May 6), compared to 31 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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