$1,555,000 - 398 Tennyson Drive, Oakville
Detached for Sale in Oakville
99 days on market- MLS Number
- W12873528
- Property Type
- Detached
- Status
- active
- Days on Site
- 99
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Welcome to 398 Tennyson Drive in Oakville, an exceptional opportunity to secure a premium property in one of the town's most prestigious and established neighbourhoods, surrounded by impressive multi-million-dollar custom homes. Set on a generous 67-foot-wide lot, this property offers outstanding potential for homeowners, builders, or investors looking to design and build a remarkable custom residence in a highly sought-after location.The property is permit-ready, with architectural drawings available for a stunning custom home offering approximately 3,440 sq.ft. above grade and about 5,075 sq.ft. of total living space including the basement. This provides a valuable advantage for buyers who want to move forward with redevelopment without the lengthy planning process typically required.Currently on the lot is an older brick bungalow of approximately 1,500 sq.ft., featuring three bedrooms, two bathrooms, a bright living room with a bay window, and a kitchen with walk-out access to the backyard. The basement is unfinished, offering additional flexibility. The home can be lived in, rented, or held while planning your new build.Another key advantage is the ability to begin construction quickly. Once the buyer applies for utility disconnection, building can typically commence within about 15 days, allowing developers or end users to move forward with minimal delay.Ideally located near top-rated schools, parks, scenic trails, shopping, and major highways, the property is also just minutes from Bronte Heritage Waterfront Park and Coronation Park, offering easy access to Oakville's beautiful waterfront lifestyle.Architectural drawings and floor plans are available for serious inquiries, and the seller's building permit remains valid for two years-making this an outstanding opportunity to build a luxury home in a prime Oakville neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$6,878.29/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.
398 Tennyson Drive, 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
Premium Pricing
At $2221/sqft, this property is priced above the Oakville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 99 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.