$1,239,500 - 3118 Victoria Street, Oakville
Detached for Sale in Oakville
- MLS Number
- W13163982
- Property Type
- Detached
- Status
- active
- Days on Site
- 27
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oakville
- Lot Size
- 6,520 sqft
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Exceptional opportunity to secure a premium property in one of Oakville's most desirable neighbourhoods. Situated on a generous 67 ft x 100 ft lot, this property offers incredible potential for investors, builders, or end-users looking to build their dream custom home in a prestigious area surrounded by multi-million dollar residences.The existing bungalow provides immediate usability and features 4 bedrooms, 1 kitchen, dining area, spacious living room, 2 washrooms, and a dedicated laundry space - ideal for living, renting, or holding while planning your custom build. The property is currently generating approximately $4,500 per month through short-term rental income, creating excellent holding potential and cash flow while permits are finalized.Great opportunity for investors, builders, or end-users! Renovate and enjoy, hold as an investment, or build a luxury custom home in a highly sought-after neighbourhood known for strong demand and premium property values.Property comes with architectural plans prepared by Lucid Homes. Survey, civil, mechanical, and HVAC drawings are also included as part of the sale. Permit process is significantly advanced, making this project close to shovel-ready for the next owner.Prime location in prestigious Oakville, surrounded by luxury custom homes, offering an exceptional opportunity to maximize long-term value.
Estimate your monthly payments for this property
Estimated Payment
$5,482.73/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Oakville
Oakville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Oakville
- •Convenient location in Oakville
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Oakville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
3118 Victoria Street, Oakville
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1127/sqft, this property is priced in line with current Oakville market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 27 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Oakville are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Oakville. Good resale value as demand remains consistent.
Oakville Premium
Oakville commands premium prices for good reasons: top-rated schools, waterfront access, charming downtown, and affluent community. Homes here hold value exceptionally well during market corrections. The trade-off is higher property taxes and home prices. If schools and lifestyle are priorities, Oakville delivers.
Investment Perspective
Looking at this as an investment: Oakville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,165 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.