393 River Side Drive, Oakville, ON

$1,749,000
MLS#:W9303872
4 beds
2 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of 1002 - CO Central. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,749,000 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.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 60 x 293 ft lot
  • Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Workbench, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient fan coil heating via gas

Description

Rare opportunity to own a riverfront property in Old Oakville! This home has been in the same family since 1958 and is ready for renovation according to your tastes. Conveniently located within walking distance to Forster Park, schools, the GO station, downtown and amenities. This well-built home features a furnace from 2024, and air conditioner from 2023, and well-maintained original hardwood floors. Additionally, it includes a family room addition and is surrounded by mature trees. Quiet and family-friendly neighbourhood, with access to Sixteen Mile Creek. The property is on a 0.47 acre lot and provide a (steep) climb down to access the river.

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Property Summary

This detached home located at 393 River Side Drive, Oakville is currently for sale and has been available on SousaSells for 677 days. This property is listed at $1,749,000 with an estimated mortgage of $5,822* per month. It has 4 beds, 2 bathrooms, and is 1500-2000 square feet. 393 River Side Drive, Oakville is in the 1002 - CO Central neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 1, 2024
Sold price information is available to members only
Listed Date9/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick
BasementPartial Basement
Lot Size60 × 293 Feet
CountyHalton
Annual Tax$6,668.96
Legal DescriptionLOT 29, PLAN 412

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeFan Coil
CoolingCentral Air

Features

Property Features

Arts Centre, Greenbelt/Conservation, Lake/Pond, Marina, Ravine, School

Interior Features

Workbench, Primary Bedroom - Main Floor

Security Features

Community Features

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Location

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393 River Side Drive, Oakville, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 393 River Side Drive, Oakville, ON L6K 3N6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Oakville.

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Interest Rate4.00%
Down Payment$524,700 (30.0%)
* Minimum Canadian down payment required for this price is $349,800.
Amortization Period30 Years
Estimated Monthly Payment$5,822Based on a loan of $1,224,300 over 30 years.
Purchase Price$1,749,000
Loan Amount$1,224,300
Provincial Land Transfer Tax:$31,455
Total Estimated Closing Taxes:$31,455

About Purchasing a Home in Oakville, ON

For a property listed at $1,749,000 in Oakville, the legal minimum down payment is $349,800 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 $31,455 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 $31,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 1002 - CO Central, Oakville.

Verified Local Data
City Population213,759
City Median Age41.5 Yrs
City Ownership82% Owners
Avg Area List Price$1,799,864

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
52%
Couples without children
26%
Other households
4%

Top Ethnic Origins

English22%
Canadian16%
Scottish16%
Irish15%

Local Schools Guide

Elementary Schools

Sainte-Marie
Public336 Maurice Drive, Oakville, Ontario, L6K 2X3
7.9
St James
Public255, Oakville, Ontario, L6K 2S2
6.7
W H Morden
Public180 Morden Road, Oakville, Ontario, L6K 2S3
8.5
Pine Grove
Public529 Fourth Line, Oakville, Ontario, L6L 5A8
7.9
New Central
Public133 Balsam Drive, Ennisclare Park, Oakville, Ontario, L6J 3X4
9.6

Secondary Schools

St. Thomas Aquinas
Catholic124 Dorval Drive, Oakville, Ontario, L6K 2W1
8.2
Thomas A Blakelock
Public1160 Rebecca Street, Oakville, Ontario, L6L 1Y9
8.1
White Oaks
PublicOnslow Court, Oakville, Ontario, L6H 1H9
8.8
Gaétan Gervais
Public1075 McCraney Street East, Oakville, Ontario, L6H 1H9
9.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied82%
Rented18%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.