489 Burnhamthorpe Rd E

FOR SALE
$3,750,000
489 Burnhamthorpe Rd E, Oakville
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
489 Burnhamthorpe Rd E
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3
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
10
ROOMS
W5466926
MLSID
Contact Us
Property Description
Attention Families, Builders, Investors! Rare 1.25 Acre Lot For Building Townhomes Or 3 Floor Mixed Residential Commercial Buildings Or High Density Residential Apartment Building With 10 Floors For Future Development Within The North Oakville Master Plan Permitted Uses, Existing Is A Landscaping /Nusery Business With Barn And A Renovated 2 Family Bungalow, Lot Is 150 Feet Frontage And 363 Feet Deep, Ideal Location Near Downtown Oakville.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-03-30 2022-01-07 283 $3,290,000 - Terminated
2018-06-25 2018-12-24 183 $3,490,000 - Expired
Extras
Great Opportunity To Invest And Develop In Oakville. Seller And Agent Make No Representation As To Development Time And City Uses. Buyer To Verify With City, Do Not Walk Property Without Appointment.
Property Details
Property Type
Detached, Bungalow
Lot Size
150' x 363'
Acreage
.50-1.99
Fronting
North
Taxes
$7,000 (2021)
Basement
None
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
None
Water
Well
Parking Spaces
10
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain11.68' x 18.60'Updated, Eat-In Kitchen, Tile Floor
FamilyMain15.78' x 22.18'Fireplace, Hardwood Floor, W/O To Patio
LivingMain14.73' x 25.95'Combined W/Dining, Hardwood Floor
OfficeMain7.68' x 8.56'Hardwood Floor, W/O To Patio
Prim BdrmMain15.39' x 18.73'4 Pc Ensuite, Hardwood Floor, Double Closet
2nd BrMain8.43' x 12.14'Hardwood Floor, Double Closet
3rd BrMain8.66' x 12.01'
KitchenMain8.20' x 8.07'Updated, Tile Floor
FamilyMain10.50' x 10.17'W/O To Patio
Loft2nd9.38' x 11.06'
Loft2nd13.19' x 17.72'
Oakville Market Statistics
Oakville Price Trend
489 Burnhamthorpe Rd E is a 3-bedroom 3-bathroom home listed for sale at $3,750,000, which is $2,350,000 (167.9 %) higher than the average sold price of $1,400,000 in the last 30 days (December 23 - January 21). During the last 30 days the average sold price for a 3 bedroom home in Oakville declined by $75,000 (5.1 %) compared to the previous 30 day period (November 23 - December 22) and up $100,367 (7.7 %) from the same time one year ago.
Inventory Change
There were 31 3-bedroom homes listed in Oakville over the last 30 days (December 23 - January 21), which is down 8.8 % compared with the previous 30 day period (November 23 - December 22) and down 18.4 % compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Oakville typically sold $101,000 (7.2 %) above asking price over the last 30 days (December 23 - January 21), which represents a $56,000 decrease compared to the previous 30 day period (November 23 - December 22) and $101 more 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 (December 23 - January 21) stood at 3.2 %, down from 5.9 % over the previous 30 days (November 23 - December 22) and down from 126.3 % one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Oakville stood at 90 days when successfully sold over the last 30 days (December 23 - January 21), compared to 257 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Millennium Inc., Brokerage
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