$1,550,000 - 505 Patricia Drive, Oakville
Detached for Sale in Oakville
Neighbourhood: 1020 - WO West
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- MLS Number
- W13815588
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Oakville
- Taxes (2026)
- $7,012
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Attention Builders, Renovators & End Users! An exceptional opportunity in prestigious Bronte East, set on a premium southeast-facing 89.5 x 126 ft corner lot surrounded by mature trees and stunning custom homes. Featuring RL3-0 zoning with 35% maximum lot coverage, this property offers plenty of potential to build your dream home, renovate, or simply move in and enjoy. The existing 3-bedroom home offers a bright and inviting layout with hardwood flooring, an updated kitchen featuring stainless steel appliances and ample storage, and a spacious living room with a gas fireplace. Three generously sized bedrooms are filled with natural light, complemented by a beautifully renovated main bathroom completed in 2024. The finished basement provides additional living and entertaining space complete with a full bathroom, wet bar and wine rack. Step outside to a private, fully fenced backyard with mature landscaping and a heated saltwater in-ground concrete pool with a new liner installed in 2024. It's a great space for relaxing and entertaining throughout the summer. Ideally situated in one of South West Oakville's most established neighbourhoods, just minutes from Lake Ontario, scenic walking and biking trails, Downtown Oakville, YMCA and Appleby College. Morden Public School is within walking distance, with a school bus stop at the corner for St. Nicholas Catholic Elementary School. Suffolk Park is located just steps away at the end of Burton Rd, while nearby public transit provides convenient access to Downtown Oakville, recreation facilities, arenas and outdoor skating. A rare combination of an oversized corner lot, unbeatable location and outstanding future potential in one of Oakville's most sought-after neighbourhoods. **Some photos are virtually staged**
Estimate your monthly payments for this property
Estimated Payment
$6,856.17/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 1020 - WO West
1020 - WO West 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 1020 - WO West
- •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
1020 - WO West 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.
505 Patricia 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
Fair Market Value
At $1033/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 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 1020 - WO West
I know 1020 - WO West 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.