$1,469,900

For sale

2386 Sovereign Street, Oakville (BR Bronte) - Single Family for Sale

2386 Sovereign Street, Oakville (BR Bronte), Ontario, L6L1L8

3 beds1 bath4 parking350 ft²97 × 196 ft (18,993 sq ft) lot sizeListed 49 days ago

Overview

This 3-bedroom, 1-bathroom home in Oakville is for sale offering roughly 350 sq ft of space. Listed at $1,469,900, it is attractively priced about 14% below the $1,699,999 median asking price in Oakville. It has been on the market 49 days, fresher than the Oakville average of 62 days.

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Description

Endless investment opportunity awaits on this 0.22-acre lot in the heart of Bronte Village. Zoned RL8-0 with mixed-use permissions under the Main Street designation of the Bronte Village Planning Report (2009), this property offers exceptional development flexibility. Permitted uses include residential, commercial, retail, office, or a thoughtfully designed mixed-use combination to maximize value in one of Oakville's most sought-after village settings.The well-maintained, charming family home currently on the property features 3 bedrooms, 2 bathrooms, a functional kitchen, spacious living room, and a finished basement, offering comfortable living or an excellent rental income opportunity while navigating the application and permitting process.Ideally located within walking distance to restaurants, shopping, Lakeshore Road, and the lake, this property combines immediate usability with long-term potential. A rare rear road allowance at the back of the property further enhances development potential and accessibility, making this a truly unique offering in the heart of Bronte Village. (id:66096)

Property Details

MLS®: W13802634
Property Type: Single Family
Zoning: RL8-0 Mixed Use
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 1
Parking: 4
Interior Size: 350 ft²
Lot Size: 97 × 196 ft (18,993 sq ft)
Frontage: 97 ft
Storeys: 1
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen
Living room
Bedroom

Second level

Bedroom 2

Lower level

Bedroom 3
Recreational, Games room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Block, Concrete
Exterior: Aluminum siding
Lot Features: Open space

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Oakville (BR Bronte) listings, avg age

62d

Price / ft²

$4,206

List price

$1.47M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Oakville (BR Bronte) has been listed for 49 days, which is 13 days fresher than the city average of 62. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · CARISSA TURNBULL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6L)

This home lists at $1,469,900, about 12.0× the local median household income of $122,000.

Carrying it typically needs a household income of about $287,123 (20% down, 25-yr amortization, stress-tested) — roughly 135% above the area median.

Median household income: $122,000
Population: 30,012
Median age: 47.2
Owner / renter: 79% / 21%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L6L)

$1,469,900· $4,206/ft²

For sale

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Full Cost Breakdown

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Down Payment8.30% · $121,990

Min 8.30%50%

Mortgage payment$7,473/mo

↳ CMHC premium ($53,916 capitalized)

Property tax (est.)$425/mo

Total monthly$7,898

Cash Needed to Close

Down payment (8.30%)$121,990

Land transfer tax$25,873

Est. closing costs$6,910

Total cash needed$154,773

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