A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 3131 Old Bronte Rd, Oakville Ontario L6M 4J3
2 days on Market

3131 Old Bronte Rd, Oakville, Ontario L6M 4J3

Land
-
-
~1.012 sqft
$6,000,000
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Land
-
-
~1.012 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$5,928,853/sqft

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Description

Exceptional High-Density Residential Development Opportunity in Oakville's Palermo Village Growth Node! Strategically positioned on the NE corner of William Halton Parkway and Old Bronte Road, this 1.012-acre flat lot sits within the heart of Palermo Village North Urban Core - a designated growth area in Livable Oakville Official Plan***Key Highlights: *** Located just west of the new Oakville Hospital and Medical Village*** Nature: Glenorchy Forest and numerous sports fields to the east***Zoned for High-Density Residential: Floor Space Index (FSI) of 4.0+ as per ongoing planning studies. Proposed Density: 100-300 units per site hectare under OPA 34, supporting transit-oriented intensification***Prime Location: Just north of the planned community center, library, and regional transit terminal - a future urban hub for the northwest Oakville community***Connectivity: Trail systems linking to Glenorchy Conservation Area and the Trans-Oakville Pathway, with nearby access to Highway 407***Transit: GO Bus Station & dedicated Go Bus lanes have been approved for SE corner of Hwy 407 & Bronte Rd., Inter regional rapid transit terminal approved for north of Dundas & Bronte Rd***Unmatched Views: Future towers will enjoy panoramic vistas of Lake Ontario, Bronte Provincial Park, and the Niagara Escarpment***Complete Community Vision: Palermo Village is set to become a vibrant, pedestrian-friendly, mixed-use node with commercial, office, civic, and residential uses***This is a rare opportunity in a fast-developing growth area anchored by regional transit infrastructure, civic facilities, and high density residential-use intensification ideal for developers, institutional investors, and strategic landholders. Several adjacent 1-acre+ lots might be available as well.


Property Details

StyleDesignated
View-
Age of property-
SqFt~1.012 SqFt
Lot Size43,956 SqFt(333 x 132)
Parking Spaces-
MLS ®NumberW12311756
Community NameNorth Oakville
Data SourceTRREB
Listing byRE/MAX REALTY SPECIALISTS INC.

Features

Basement: N

Features

Lot size: 43,956 SqFt

Market Data - North Oakville

Geo Zone Map ThumbnailNorth Oakville

Strong Buyer's Market

View Market Data

Land - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2024

0 day

2023

15 days

2022

0 day

New Listings

Past 30 days

14 listings

Compared to

2024

10 listings

2023

3 listings

2022

3 listings

Units sold

Past 30 days

3 units

Compared to

2024

0 unit

2023

1 unit

2022

0 unit

Median Sold Price

Past 30 days

$1,145,000

Compared to

2023

$1,275,000


Population and Demographics

Overview

Total population 4925
Average household income $168,088

Age (%)

0 to 19
32%
20 to 34
16%
35 to 49
28%
50 to 64
17%
65 and plus
7%

Household composition (%)

Single family
81%
Single person
16%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
58%
Arabic
8%
Mandarin
6%
Urdu
5%
Spanish
4%
Punjabi (Panjabi)
2%
Hindi
2%
Korean
2%
Others
1%
Portuguese
1%
Yue (Cantonese)
1%

House tenancy (%)

Owners
73%
Renters
27%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget