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1011 - MO Morrison, Oakville
$15,900,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 3500-5000 sq. ft. |
| Property Tax | $39,728 |
| Lot Size | 70.11 ft x 263.8 ft |
| mls© Number | W12884912 |
| Listed By | RE/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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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