499 Valley Drive N, Oakville, ON L6L 4L9
1020 - WO West, Oakville · Near Third Line / Bridge · View map
About this home
Rare 60 feet by 252 feet Ravine Lot with Income-Producing Bungalow and Near Shovel-Ready Custom -Home Plans (Trees have been cleared from the Lot) - Welcome to 499 Valley Drive-an exceptionally rare redevelopment opportunity in one of Oakville's most desirable neighbourhoods. Set on an extraordinary 60 252-ft lot backing onto a creek and ravine, this property offers the privacy, depth and natural surroundings that are increasingly difficult to find in Oakville.The property currently features a four-bedroom bungalow, providing buyers with the flexibility to live in the existing home, continue using it as an income-producing property, or build the proposed luxury custom residence when ready. The bungalow is presently leased for approximately $3,400 per month, offering immediate rental income while the purchaser completes their construction planning.The property is being offered with substantially completed plans and permits for a magnificent neoclassical custom residence by Adlakha Design & Build Inc. The project is expected to be approximately 15 days away from shovel-ready status, subject to final municipal processing and approvals.
The home
- Type
- 1 1/2 storey
- Style
- 1 1/2 Storey
- Square footage
- 700-1100 sq ft
- Bedrooms
- 4
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 9
- Basement
- Finished
- Lot size
- 60 x 252.3 ft
- Faces
- North
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
- Central vacuum
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 10
- Total parking
- 12
- Parking features
- Available
Taxes & other
- Property taxes
- $6,435/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Third Line / Bridge
- Neighbourhood
- 1020 - WO West
More
- Price per sq ft
- ~$1,553 (at 900 sq ft)
- Listed
- Sep 2, 2026 · 41 days ago
- MLS® number
- W13739104
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The home and its surroundings
- Central Vacuum
- Floor Drain
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
499 Valley Drive, Oakville, ON L6L 4L9
1020 - WO West, Oakville · Near Third Line / Bridge
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Listing history for 499 Valley Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 499 Valley Drive N
Answers come straight from this home’s MLS® listing.
How much is 499 Valley Drive N listed for, and what would it cost each month?
499 Valley Drive N is listed for $1,398,000. With 20% down ($279,600), the mortgage payment would be roughly $5,639 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,175 a month, all in. That figure is an illustration, not a quote.
Is 499 Valley Drive N freehold or a condo, and is there a monthly fee?
499 Valley Drive N is a 1 1/2 storey in 1020 - WO West, Oakville. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 499 Valley Drive N have?
499 Valley Drive N has 4 bedrooms and 2 bathrooms.
Does 499 Valley Drive N have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 10 spaces. In total the listing counts 12 parking spaces.
Does 499 Valley Drive N have a finished basement?
The listing describes the basement as finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 499 Valley Drive N?
499 Valley Drive N is a 1 1/2 storey. A 1½-storey home has a full main floor and a partial second floor under the roofline, often with dormer windows.
How big is 499 Valley Drive N, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 60 x 252.3 ft.
How is 499 Valley Drive N heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 499 Valley Drive N?
Property taxes are $6,435 a year (2026), or about $536 a month.
Where is 499 Valley Drive N?
499 Valley Drive N is in the 1020 - WO West community of Oakville. The nearest main intersection is Third Line / Bridge. The postal code is L6L 4L9.
How long has 499 Valley Drive N been on the market?
499 Valley Drive N was listed on September 2, 2026. It has been on the market for 41 days. It is an active listing (MLS® W13739104). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 499 Valley Drive N asking?
Similar bungalow-style homes for sale nearby right now include 487 Wildwood Drive at $1,099,000 (3 bed), 2194 Lower Base Line at $1,779,000 (4+1 bed) and 243 Jennings Crescent at $1,098,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 499 Valley Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 499 Valley Drive N?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near 1020 - WO West, picked by style, size and price.
1 1/2 storey$1,099,000487 Wildwood Drive, Oakville3 bed · 2 bath · 1020 - WO WestCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTView home →
1 1/2 storey$1,779,0002194 Lower Base Line, Oakville4+1 bed · 4 bath · 1040 - OA Rural OakvilleCourtesy of: CITYSCAPE REAL ESTATE LTD.View home →
1 1/2 storey$1,098,000243 Jennings Crescent, Oakville3 bed · 1 bath · 1001 - BR BronteCourtesy of: ROYAL LEPAGE REALTY PLUS OAKVILLEView home →Courtesy of: SUTTON GROUP QUANTUM REALTY INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.