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Price Change$1,224,000

487 Wildwood Drive

1020 - WO West, Oakville

$1,150,000

Detached|1 1/2 Storey
3 | 2 | 5
About this home

Can we swap out the current description for the listing at 487 Wildwood Dr; to the below:Welcome to a truly special home in the heart of West Oakville. Cherished by the same owners for nearly 30 years, the existing one-and-a-half-storey residence provides nearly 1,500 sq. ft. above grade. The flexible layout features two upper-level bedrooms and a versatile den, a main-floor bedroom, two bathrooms and a finished basement with additional living space, laundry and ample storage.Set on a generous 45' x 135' lot in an established neighbourhood surrounded by impressive new construction, this property offers outstanding potential home builders to build, renovate, expand or create a custom-built home.Mature gardens, an exceptionally private backyard and a convenient U-shaped driveway add immediate enjoyment while plans are developed. The deep lot provides an inviting setting for outdoor entertaining and future possibilities.Ideally located near W.H. Morden Public School, Appleby College, parks, transit, major highways, Oakville Place and the shops and restaurants of Downtown Oakville. Whether renovating, rebuilding or adding to an investment portfolio, this property combines a desirable lot, premium location and significant long-term potential in one of Oakville's most established communities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,893
Lot Size63.65 ft x 142.26 ft
mls© NumberW13598892
Listed ByROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,886
Property tax
$408
Heat allowance
$150
Housing costs
$6,444 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $230,000
25-yr amortization

Income needed

$198,000

gross annual household income

Payment at 4%
$4,839 / mo
Cash down
$230,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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