$1,499,999 - 320 River Side Drive, Oakville
Detached for Sale in Oakville
Neighbourhood: 1002 - CO Central
- MLS Number
- W13474802
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
A truly rare offering on one of Central Oakville's most prestigious and sought-after streets. Held by the same family since 1975, opportunities like this seldom come to market. Set on an exceptional 66' x 156' (approx. 10,300 sq. ft.) premium lot, this property presents an extraordinary opportunity for builders, investors, and discerning buyers looking to create something remarkable in one of Oakville's most coveted neighbourhoods. Zoned RL3-0, permitting up to 35% maximum lot coverage for a new detached dwelling (buyers to complete their own due diligence), the possibilities to renovate, reimagine, or build a spectacular custom estate are truly exceptional. Surrounded by distinguished custom homes and mature tree-lined streets, this coveted Central Oakville address offers an unmatched lifestyle. Enjoy being just minutes from the boutiques, cafés, award-winning restaurants, and waterfront charm of Downtown Oakville, along with beautiful parks, the Oakville Harbour, marinas, and an extensive network of scenic trails along Lake Ontario. Families will appreciate proximity to some of Oakville's most highly regarded public and private schools, including Appleby College and St. Mildred's-Lightbourn School, while commuters benefit from convenient access to the Oakville GO Station, the QEW, Highway 403, and Highway 407.Premium building lots of this size and calibre are becoming increasingly scarce in Central Oakville. Whether your vision is to restore and modernize the existing residence or design and build your forever home, this exceptional property offers a once-in-a-generation opportunity to secure a landmark address and create a legacy estate in one of the GTA's most desirable luxury communities.
Estimate your monthly payments for this property
Estimated Payment
$6,635.00/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 1002 - CO Central
1002 - CO Central 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 1002 - CO Central
- •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
1002 - CO Central 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.
320 River Side 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 $1364/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.
Market Position
At 15 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.
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.
About 1002 - CO Central
I know 1002 - CO Central well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.