517 Pinegrove Road, Oakville, ON
West, Oakville · MLS® W13221180
About this home
A truly rare offering in one of Oakville's most sought-after neighbourhoods, this 3+2 bedroom, 2-bathroom, 1+2 kitchens (rare) bungalow is set on an exceptional pie-shaped lot - a highly rare find that presents outstanding potential for families, builders or investors. The main floor features a generous, light-filled living room anchored by a classic wood-burning fireplace, with large bedrooms and a functional layout throughout. Primary bedroom features a large walk in closet. For families, there is a walk-out basement with private separate entrance, 2 bedrooms, and full kitchen providing immediate rental income potential or an in-law suite. The massive tree-lined backyard is among the largest and most private available in this market, offering limitless possibilities for luxury outdoor living, future development, or both. An extended private driveway provides ample parking with a charming front yard. Perfectly positioned minutes from Appleby College, The Oakville waterfront, walking trails, shopping, QEW/401, and the GO Train corridor. A compelling combination of lot size, location, and income potential in one charming home!
Key facts
- Property type
- Detached, Sidesplit
- MLS®
- W13221180
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 66 × 125 ft
- Cross streets
- Fourth Line to Pinegrove
- Parking
- 6 parking
- Driveway
- Private
- Basement
- Apartment, Walk-Up
- Kitchens
- 3 (1 + 2)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,782 / 2025
- Days on market
- 47
- Listing brokerage
- QUEENSWAY REAL ESTATE BROKERAGE INC.
Rooms
walk-in closet(s) · large window
brick fireplace · large window
Combined w/Kitchen
Walk-Out
Listed at $1,188,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 84 similar homes nearby, adjusted for size, beds, and baths.Median of 84 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.12M, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.10M
- Bedrooms +$30K
- Adjusts to $1.13M
That comparable adjusts to $1.13M; the $1.19M estimate above is the median of all 84 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.19M, median of 84 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Walk-out basement: natural light and strong in-law or income potential.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Primary suite: a key comfort and resale feature.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Income potential
- Value driver
- Lifestyle
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 4% below the area average of $951/sqft.
41 days longer than the Oakville average (6 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
West, Oakville, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Oakville.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $950,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,072
- Property tax
- $399
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,470
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,235
- Estimated closing costs
- $20,235
Plus your down payment of $237,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $304,301
- Principal paid down
- $121,034
- Interest paid
- $183,268
- Balance remaining
- $829,366
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of QUEENSWAY REAL ESTATE BROKERAGE INC.. MLS®/PropTx.