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Listed 5 months ago

3 Ennisclare Drive

1011 - MO Morrison, Oakville

$15,900,000

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

Live in or build new. One of the last remaining developable Riparian Lakefront estates in South East Oakville boasting unrivalled and expansive views of Lake Ontario from Downtown Toronto to the Niagara Escarpment. With 184ft of lake frontage and boat access and a total of 3.63 acres and over 3/4 acres of tableland, this breathtaking and extremely private estate offers endless possibilities. With RL1-0 zoning the land can accommodate a new build of up to approximately 10,000 square feet above grade without a variance. The existing bright and spacious 5 bedroom family home has been renovated for even the most discerning buyer with many new updates including a new kitchen and bathrooms. Located on one of Oakville's most sought-after and finest, tree lined and quiet family friendly streets and only 30 minutes to downtown Toronto. This estate has the furthest projected vantage point for Toronto views in Oakville. With a extremely rare concrete docking pier and newer Seawall (2020) with a poured concrete lakefront walkway and development setback lines already established, with architectural plans available, this is an outstanding investment opportunity in a prime location.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age51-99
Size3500-5000 sq. ft.
Property Tax$39,728
Lot Size70.11 ft x 263.8 ft
mls© NumberW12884912
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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