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New3 hours ago

374 Spruce Street

1013 - OO Old Oakville, Oakville

$1,949,000

Detached|Bungalow
3 | 4 | 5
About this home

ATTENTION BUILDERS, RENOVATORS & INVESTORS! Rare opportunity in the heart of prestigious Old Oakville. Located on one of the neighbourhood's most coveted streets, 374 Spruce Street sits on an impressive 60 x 142 ft south-facing lot surrounded by mature trees and multi-million-dollar custom homes. An exceptional opportunity to build your dream home, undertake a renovation, or secure a premium property for future investment. The existing bright and spacious 3+1 bedroom, 3-bathroom bungalow offers approximately 1,850 sq ft above grade plus a finished lower level and is vacant for immediate possession. Zoned RL3-0. Enjoy an outstanding Old Oakville lifestyle within walking distance to downtown Oakville, the lake, parks, shops, restaurants and highly regarded schools including OTHS, St. Mildred's and Linbrook. Build new, renovate or invest in one of Oakville's most established and desirable neighbourhoods. Buyer to complete their own due diligence regarding zoning and future building potential.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$8,505
Lot Size142 ft x 60 ft
mls© NumberW13741076
Listed ByReal Broker Ontario Ltd.

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%
$9,976
Property tax
$709
Heat allowance
$150
Housing costs
$10,835 / mo

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

Down payment20% · $389,800
25-yr amortization

Income needed

$333,000

gross annual household income

Payment at 4%
$8,202 / mo
Cash down
$389,800

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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