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Listed 2 months ago

1509 Tansley Drive

1020 - WO West, Oakville

$999,000

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

Exceptional builder's lot opportunity in a sought-after Oakville neighbourhood. Set on a generous 65 x 126 ft lot, 1509 Tansley Drive offers a rare chance to design and build a custom home in an established residential setting surrounded by quality homes and ongoing reinvestment.The existing older home is being sold primarily for land value, with the property offering a clean, usable building site. The lot is free of significant trees, helping simplify the planning process, and city plumbing services have been updated, adding further value for future development.With approximately 8,190 sq. ft. of land, this is an ideal opportunity for builders, investors, or end users looking to create a custom residence in one of Oakville's desirable family-friendly pockets, close to schools, parks, shopping, transit, and major routes.Buyer to conduct their own due diligence with the Town of Oakville regarding zoning, permitted gross floor area, setbacks, lot coverage, height, permits, and development potential.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,267
Lot Size65 ft x 126 ft
mls© NumberW13442310
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

  • No recent sale history for this listing.
  • 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%
$5,113
Property tax
$439
Heat allowance
$150
Housing costs
$5,702 / mo

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

Down payment20% · $199,800
25-yr amortization

Income needed

$175,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

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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