Ravine Lot with Income Bungalow Near New Build
Property details for 499 Valley Drive N, Oakville
- Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Lot Size
- 60 x 252.3 FT
- Stories
- 1.5
- Basement
- Finished, N/A
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick, Aluminum siding
- Ownership
- Freehold
- Annual Taxes
- $6,435 (2025)
A rare 60x252 ft ravine lot in Bronte West, with a creek running along the back and a cleared, shovel-ready building site. The existing 1.5-storey brick bungalow is currently leased at $3,400/month, giving you income while you plan your new build. It's a mix of original and updated, with 4 beds (3 up, 1 in the finished lower level) and 2 baths. The main floor still has that vintage feel-wooden accent walls and decorative ceilings in the living spaces, but the kitchen is functional with wood cabinets and a round dinette. The sunroom off the back is a nice spot for coffee, and there's a modern washer/dryer in the lower level. Out back, a shed and trampoline sit on the lawn before the ravine drops down. This property comes with near-complete plans and permits for a neoclassical custom home by Adlakha Design & Build-about 15 days from shovel-ready. You've got 12 parking spots and a detached garage. Price is $1,398,000, just under the median for the area, and sold-style listings here average 79 days. Schools like Appleby College and Abbey Park High are within 2-3 km, and Glen Abbey Golf Club is 3.2 km away. If you want to build in a prime Oakville ravine setting without waiting on permits, this is your chance.
About 499 Valley Drive N, Oakville — Property Score
This Oakville property offers a rare redevelopment opportunity with its expansive 60x252 ft ravine lot, priced at $1,398,000. The existing bungalow provides immediate rental income of approximately $3,400/month and comes with near shovel-ready custom-home plans, presenting significant value.
* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.
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Neighbourhood Census Data
Oakville, Ontario
