2386 Sovereign Street, Oakville, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of 1001 - BR Bronte. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,675,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 97 x 195.79 ft lot size
- equipped with yes central cooling
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, quaint family home currently on the property presents an excellent opportunity for rental income while navigating the application and permitting process. Ideally located within walking distance to restaurants, shopping, Lakeshore Road, and the lake. A rare rear road allowance at the back of the property further enhances development potential and accessibility.
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Pricing & Value Insights
Data-driven valuation for 2386 Sovereign Street, Oakville, ON L6L 1L8
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About Purchasing a Home in Oakville, ON
For a property listed at $1,675,000 in Oakville, the legal minimum down payment is $335,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $29,975 for this transaction. As this listing is in Oakville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $29,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.