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New3 hours ago

505 Patricia Drive

1020 - WO West, Oakville

$1,550,000

Detached|Bungalow
3 | 2 | 7
About this home

Attention Builders, Renovators & End Users! An exceptional opportunity in prestigious Bronte East, set on a premium southeast-facing 89.5 x 126 ft corner lot surrounded by mature trees and stunning custom homes. Featuring RL3-0 zoning with 35% maximum lot coverage, this property offers plenty of potential to build your dream home, renovate, or simply move in and enjoy. The existing 3-bedroom home offers a bright and inviting layout with hardwood flooring, an updated kitchen featuring stainless steel appliances and ample storage, and a spacious living room with a gas fireplace. Three generously sized bedrooms are filled with natural light, complemented by a beautifully renovated main bathroom completed in 2024. The finished basement provides additional living and entertaining space complete with a full bathroom, wet bar and wine rack. Step outside to a private, fully fenced backyard with mature landscaping and a heated saltwater in-ground concrete pool with a new liner installed in 2024. It's a great space for relaxing and entertaining throughout the summer. Ideally situated in one of South West Oakville's most established neighbourhoods, just minutes from Lake Ontario, scenic walking and biking trails, Downtown Oakville, YMCA and Appleby College. Morden Public School is within walking distance, with a school bus stop at the corner for St. Nicholas Catholic Elementary School. Suffolk Park is located just steps away at the end of Burton Rd, while nearby public transit provides convenient access to Downtown Oakville, recreation facilities, arenas and outdoor skating. A rare combination of an oversized corner lot, unbeatable location and outstanding future potential in one of Oakville's most sought-after neighbourhoods. **Some photos are virtually staged**

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,012
Lot Size89.5 ft x 126 ft
mls© NumberW13815588
Listed ByRE/MAX ESCARPMENT REALTY INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,934
Property tax
$584
Heat allowance
$150
Housing costs
$8,668 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $310,000
25-yr amortization

Income needed

$267,000

gross annual household income

Payment at 4%
$6,523 / mo
Cash down
$310,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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