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New2 hours ago

3 Ennisclare Drive

1011 - MO Morrison, Oakville

$15,900,000

Detached|2-Storey
5 | 4 | 10
About this home

Build your dream home on South East Oakville's prime waterfront. With 184 feet of lake frontage and unparalleled views of the Toronto skyline, this building lot is the largest remaining and developable Riparian Lakefront parcel in South East Oakville available. Located on one of Oakville's most sought-after and mature tree lined streets and walking distance to downtown Oakville, this breathtaking and private lot offers approximately 0.77 acres of land and a further water lot of 2.86 acres. The land can comfortably accommodate a new custom home of up to10,000 square feet (not including basement) without a variance. The property is also the furthest projected vantage point for uninterrupted panoramic views in Oakville. With an extremely rare concrete dock for boat mooring and recent new Seawall (2020), this private lot offers an opportunity to build your lakefront home in Oakville's most coveted neighbourhood, with easy access to Toronto and in one of Ontario's top school districts. This is the ultimate lakefront property in Oakville, the possibilities are endless. The current home allows you to live in now or build new for your dream lifestyle.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size3500-5000 sq. ft.
Property Tax$39,728
Lot Size70.11 ft x 263.8 ft
mls© NumberW13728088
Listed ByRE/MAX ABOUTOWNE REALTY CORP.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$81,383
Property tax
$3,311
Heat allowance
$150
Housing costs
$84,844 / mo

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

Down payment20% · $3,180,000
25-yr amortization

Income needed

$2,611,000

gross annual household income

Payment at 4%
$66,910 / mo
Cash down
$3,180,000

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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