$1,469,900
Oakville
2386 Sovereign Street, Oakville (BR Bronte), Ontario, L6L1L8
This lot in Oakville is for sale offering roughly 9,914 sq ft of space. It has been on the market 47 days, fresher than the Oakville average of 61 days.
**Rare Development & Investment Opportunity in the Heart of Bronte Village!** Unlock the potential of this exceptional 0.22-acre property ideally positioned in one of Oakville's most desirable and walkable communities. Zoned RL8-0 with mixed-use permissions under the Main Street designation of the Bronte Village Planning Report (2009), this property presents an exciting opportunity for investors, developers, and visionaries looking to maximize value in a coveted village setting.With permitted uses including residential, commercial, retail, office, or a thoughtfully designed mixed-use concept, the possibilities are substantial. Whether you envision future redevelopment, a mixed-use project, or a strategic long-term hold, this property offers the flexibility to pursue multiple avenues for growth.In the meantime, the well-maintained existing home provides immediate functionality and income potential. The charming three-bedroom, two-bathroom residence features a functional kitchen, spacious living room, and finished basement-ideal for comfortable occupancy or rental income while exploring future plans, applications, and approvals.Location adds another layer of value. Enjoy the exceptional convenience of being within walking distance to Bronte's renowned restaurants, shopping, Lakeshore Road, waterfront, marina, and Lake Ontario. The rare rear road allowance at the back of the property further enhances accessibility and future development possibilities.**Opportunities of this scale and flexibility in the heart of Bronte Village are exceptionally rare.** Secure the property today and unlock its immediate usability, income potential, and exciting long-term redevelopment possibilities. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 47 days on market, against an average age of 61 days across the listings currently for sale in this city
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.
This vacant land in Oakville (BR Bronte) has been listed for 47 days, which is 14 days fresher than the city average of 61. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA L6L)
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