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Listed 12 days ago

2386 Sovereign Street

1001 - BR Bronte, Oakville

$1,499,900

Detached|1 1/2 Storey
2 | 1 | 4
About this home

Endless investment opportunity awaits on this 0.22-acre lot in the heart of Bronte Village. Zoned RL8-0 with mixed-use permissions under the Main Street designation of the Bronte Village Planning Report (2009), this property offers exceptional development flexibility. Permitted uses include residential, commercial, retail, office, or a thoughtfully designed mixed-use combination to maximize value in one of Oakville's most sought-after village settings.The well-maintained, charming family home currently on the property features 3 bedrooms, 2 bathrooms, a functional kitchen, spacious living room, and a finished basement, offering comfortable living or an excellent rental income opportunity while navigating the application and permitting process.Ideally located within walking distance to restaurants, shopping, Lakeshore Road, and the lake, this property combines immediate usability with long-term potential. A rare rear road allowance at the back of the property further enhances development potential and accessibility, making this a truly unique offering in the heart of Bronte Village.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$5,097
Lot Size97 ft x 195.79 ft
mls© NumberW13604482
Listed ByRoyal LePage Real Estate Services Ltd., Brokerage

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$7,677
Property tax
$425
Heat allowance
$150
Housing costs
$8,252 / mo

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

Down payment20% · $299,980
25-yr amortization

Income needed

$254,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$299,980

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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