$1,925,000 - 324 Wendy Lane, Oakville
Detached for Sale in Oakville
71 days on market- MLS Number
- W12970768
- Property Type
- Detached
- Status
- active
- Days on Site
- 71
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- CITYSCAPE REAL ESTATE LTD.
An extraordinary opportunity in the heart of prestigious West Oakville, this exceptional offering at 324 Wendy Lane presents a rare chance to secure an estate-sized 76 x 150 ft premium lot in one of the area's most sought-after luxury redevelopment corridors. Offered as is, the existing residence provides immediate flexibility for end users, investors, or visionary builders, while the true value lies in its exceptional redevelopment potential. Included with the sale are fully approved permits and architectural plans for an approximately 4,200 sq. ft. bespoke ultra-modern custom residence, allowing construction to commence immediately. The approved design is a true hallmark of refined contemporary architecture, featuring elegant lines, sophisticated proportions, expansive glazing, and a timeless modern aesthetic thoughtfully curated for distinguished family living and grand-scale entertaining. A standout feature of this signature design is the main-floor guest suite with private ensuite, perfectly suited for multi-generational living, visiting guests, or an elevated home office retreat. Perfectly positioned on a quiet, tree-lined street with minimal traffic flow, this remarkable property offers exceptional privacy, tranquility, and exclusivity - a defining characteristic of West Oakville's most coveted addresses. Surrounded by distinguished custom residences and located just minutes from the lake, top-rated schools, parks, and premium amenities, this is a rare turnkey opportunity for the discerning buyer to create a bespoke dream estate or for the visionary developer to secure a development-ready asset in one of Oakville's most prestigious enclaves.
Estimate your monthly payments for this property
Estimated Payment
$8,514.92/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.
324 Wendy Lane, Oakville
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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 $963/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.
Negotiation Opportunity
At 71 days on site, this property has exceeded the typical selling timeline for Oakville. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $8,021 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.