556 FOURTH Line
Bronte East, Oakville, L6L 5A7
FOR SALE
$5,899,000
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5 + 1
BEDROOMS8
BATHROOMS1
KITCHENS16 + 5
ROOMSW10441946
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Property Description
Located in the esteemed Bronte East neighbourhood, 556 Fourth Line embodies the pinnacle of luxurious living. This stunning home spans an impressive 8,750 square feet, featuring 6 bedrooms, 8 bathrooms, and a wealth of high-end amenities, all set on a generous 60x272.5-foot lot. Upon arrival, visitors are welcomed by a grand entrance that includes a 10-car driveway and an elegant solid-wood front door. Inside, the main floor showcases a primary suite and closet adorned with exquisite chevron hardwood flooring, enhanced by custom coffered ceilings that radiate sophistication. Eurofase chandeliers, recessed lighting, and wall sconces throughout elevate the ambiance, while state-of-the-art Control4 technology featuring multiple screens, a Nest Thermostat, and a Schluter Ditra Heat System ensures unparalleled convenience. The chef's kitchen is a culinary dream, equipped with a 48-inch Wolf gas range, double 30-inch wall ovens, a 30-inch speed oven, a Sub Zero refrigerator and freezer, a wine fridge, and a Miele dishwasher and coffee maker. On the second level, a luxurious primary suite awaits, complete with a private terrace and a spa-like ensuite bath. The third level presents an additional 1,000 square feet of living space, including a bedroom with a walk-in closet, a 5-piece ensuite, and a spacious living area. The lower level is designed for entertainment, featuring a large recreation room and a home theatre perfect for relaxation and enjoyment. Custom remote-operated blinds are installed throughout the home, adding to its convenience. Outside, the enchanting grounds invite you to enjoy an oversized covered pergola with a gas fireplace, beautifully landscaped gardens, a fenced backyard, and stunning views. Discover the essence of modern luxury living in one of Oakville's most desirable neighbourhoods.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-06-28 | 2024-08-28 | 61 | $5,899,000 | - | Expired |
2024-04-03 | 2024-06-28 | 86 | $6,499,888 | - | Terminated |
2024-04-03 | 2024-06-28 | 86 | $6,499,888 | - | Terminated |
2020-10-08 | 2020-12-01 | 54 | $1,390,000 | $1,230,000 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Lot Size
60' x 273'
Acreage
< .50
Taxes
$22,000 (2024)
Basement
Finished, Walk-Up
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Family | Main | 16.93' x 14.17' | |
Dining | Main | 16.93' x 16.50' | |
Living | Main | 28.25' x 24.02' | |
Kitchen | Main | 17.65' x 17.26' | |
Prim Bdrm | 2nd | 27.07' x 15.26' | |
Br | 2nd | 17.42' x 15.09' | |
Br | 2nd | 20.08' x 13.68' | |
Br | 2nd | 16.93' x 12.50' |
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Oakville Market Statistics
Oakville Price Trend
556 FOURTH Line is a 5-bedroom 8-bathroom home listed for sale at $5,899,000, which is $3,521,715 (148.1%) higher than the average sold price of $2,377,285 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 5 bedroom home in Oakville declined by $386,205 (14.0%) compared to the previous 30 day period (September 24 - October 23) and up $277,660 (13.2%) from the same time one year ago.Inventory Change
There were 21 5-bedroom homes listed in Oakville over the last 30 days (October 24 - November 22), which is up 5.0% compared with the previous 30 day period (September 24 - October 23) and up 16.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Oakville typically sold ($105,142) (4.4%) below asking price over the last 30 days (October 24 - November 22), which represents a $27,733 decrease compared to the previous 30 day period (September 24 - October 23) and ($20,362) 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 5-bedroom homes in Oakville over the last 30 days (October 24 - November 22) stood at 33.3%, down from 60.0% over the previous 30 days (September 24 - October 23) and down from 44.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 8-bathroom home in Oakville stood at 17 days when successfully sold over the last 30 days (October 24 - November 22), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc., Brokerage
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