320 River Side Drive, Oakville, ON
Central, Oakville · MLS® W13474802
About this home
A truly rare offering, this bright and welcoming home is available for the first time since 1975. Nestled on one of Central Oakville's most prestigious streets, this 3-bedroom, 2-bath bungalow with two kitchens sits on an exceptional 66' x 156' lot (approx. 10,300 sq. ft.). This home offers the opportunity to update, renovate, or build new in one of Oakville's most desirable neighbourhoods. Filled with natural light, the four-level home features spacious principal rooms, a functional layout, and abundant storage. Both kitchens provide access to the enclosed sunroom overlooking the private backyard, creating excellent potential for an in-law suite, income-generating apartment, or exceptional entertaining space-ideal for multi-generational living or buyers seeking added flexibility. The expansive lot offers endless space to garden, entertain, or simply enjoy the privacy that only a property of this size can provide. Premium lots of this caliber are increasingly rare in Central Oakville. RL3-0 zoning permits up to 35% maximum lot coverage for a new detached dwelling, presenting an outstanding opportunity to renovate, expand, or build a custom home among mature trees and distinguished residences. Just around the corner is a beautiful neighbourhood park with tennis and basketball courts, a playground, and splash pad. Minutes to Downtown Oakville, boutique shopping, cafés, award-winning restaurants, Oakville Harbour, Lake Ontario trails, and top-ranked public and private schools, including Appleby College and St. Mildred's-Lightbourn School. Convenient access to the Oakville GO Station, QEW, Highway 403, and Highway 407.Whether you're searching for a family home to personalize, a property with income potential, or the perfect setting to build your dream home, 320 Riverside Drive offers an exceptional combination of location, space, flexibility, and future potential.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13474802
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 66.13 × 156.57 ft
- Cross streets
- Cornwall & Queen Mary
- Parking
- 1 garage · 7 parking (attached)
- Basement
- Full, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,782 / 2026
- Days on market
- 25
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Rooms
4 Pc Bath
3 Pc Bath
Listed at $1,299,900, this home is about 3% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Below comparable homes on total price, yet the price per square foot ($1,000/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Central, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.90M, higher than the comparables and worth a second look. 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 $1.34M
- Adjusts to $1.34M
That comparable adjusts to $1.34M; the $1.34M estimate above is the median of all 5 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Reynolds St + Sheddon Ave is about a 5-minute walk away.
Total price vs nearby homes. Fair value about $1.34M, median of 5 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Value driver
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 0% above the area average of $1,000/sqft.
20 days longer than the Oakville average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Central, Oakville, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA 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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Reynolds St + Sheddon Ave, about 387 m away
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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,039,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,549
- Property tax
- $565
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,115
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,473
- Estimated closing costs
- $22,473
Plus your down payment of $259,980. 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
- $332,964
- Principal paid down
- $132,434
- Interest paid
- $200,530
- Balance remaining
- $907,486
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
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 RE/MAX ESCARPMENT REALTY INC.. MLS®/PropTx.