$1,450,000 - 538 Fourth Line, Oakville
Detached for Sale in Oakville
New — Listed 3 days agoNeighbourhood: 1020 - WO West
- MLS Number
- W13563852
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- BAY STREET GROUP INC.
Rare & Prestigious South Oakville Opportunity! Experience unmatched potential with this premium 16,415 sq ft western-exposure lot (273 ft deep) in a highly coveted neighborhood. Rare RL3 zoning permits building a 3-storey custom estate up to 12m high and over 17,000 sq ft-one of the last remaining oversized lots surrounded by newly built multi-million dollar mansions. The existing 5-bed, 3-bath raised bungalow has been meticulously stripped to the studs and transformed with master craftsmanship. Features a gourmet lacquer kitchen w/ quartz counters, porcelain finishes, & walk-out to a covered 16'4"x12'6" deck. Enjoy hardwood floors, crown molding, wainscoting, California shutters, & 2 electric fireplaces. The bright, above-grade lower level boasts a separate entrance, 2 bedrooms, rec room w/ wet bar & fireplace-ideal for in-laws or income. Complete with a new Lennox furnace, 200 Amp service, new windows/doors, and a detached tandem garage with a double turnaround driveway. Steps to Lake Ontario, marinas, GO Station, and Downtown Oakville. Top-tier school district: Ecole Pinegrove, St. Marys, St. Thomas Aquinas, and steps to Appleby College. LIVE IN, RENT, BUILD YOUR DREAM HOUSE!!!
Estimate your monthly payments for this property
Estimated Payment
$6,413.84/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.
538 Fourth Line, 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 $2071/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Oakville's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Oakville.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.