Home · Buy · Oakville · 538 Fourth Line, Oakville, ON L6L 5A8

For Sale · Detached

538 Fourth Line, Oakville, ON L6L 5A8

Oakville · 1020 - WO West

BungalowFinished with Walk-Out basementDetached garageWest exposure

3 + 2

Beds

Baths

Parking

700-1100

Sq ft

—

Built

The honest picture

List price

$1,450,000

Renavu Estimate

—

Benchmark · 1-Storey Detached

$1,260,100

Listed 15% above the Oakville benchmark for 1-storey detached homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.

About this home

Rare & Prestigious South Oakville Opportunity! Experience unmatched potential with this premium 16,415 sq ft western-exposure lot (273 ft deep) in a highly coveted neighborhood. Rare RL3 zoning permits building a 3-storey custom estate up to 12m high and over 17,000 sq ft-one of the last remaining oversized lots surrounded by newly built multi-million dollar mansions. The existing 5-bed, 3-bath raised bungalow has been meticulously stripped to the studs and transformed with master craftsmanship. Features a gourmet lacquer kitchen w/ quartz counters, porcelain finishes, & walk-out to a covered 16'4"x12'6" deck. Enjoy hardwood floors, crown molding, wainscoting, California shutters, & 2 electric fireplaces. The bright, above-grade lower level boasts a separate entrance, 2 bedrooms, rec room w/ wet bar & fireplace-ideal for in-laws or income. Complete with a new Lennox furnace, 200 Amp service, new windows/doors, and a detached tandem garage with a double turnaround driveway. Steps to Lake Ontario, marinas, GO Station, and Downtown Oakville. Top-tier school district: Ecole Pinegrove, St. Marys, St. Thomas Aquinas, and steps to Appleby College. LIVE IN, RENT, BUILD YOUR DREAM HOUSE!!!

Property details

Listed on

July 14, 2026

Days on market

10 days

Property tax

$5,817 (2025)

Lot

60 × 273 Feet

Style

Bungalow

Heating

Forced Air

Cooling

Central Air

MLS®

W13563852

Full details

Parking

GarageDetached

Total parking7

Room dimensions

Room	Level	Dimensions	Features
Living Room	Main	5.94 × 3.48	California Shutters, Fireplace, Hardwood Floor
Dining Room	Main	4.62 × 3.43	California Shutters, Hardwood Floor
Kitchen	Main	6.93 × 3.43	California Shutters, Hardwood Floor
Room	Main	3.56 × 2.74	California Shutters, Hardwood Floor
Bedroom	Main	3.15 × 2.49	California Shutters, Hardwood Floor
Bedroom	Main	3.15 × 2.39	California Shutters, Hardwood Floor
Family Room	Basement	6.71 × 4.14	California Shutters, Laminate
Bedroom	Basement	3.66 × 3.3	California Shutters, Laminate
Bedroom	Basement	3.66 × 3.15	California Shutters, Laminate

Property & sold history

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See this home's sale & listing history

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Run the numbers

True cost to close

What you actually need in cash — land transfer tax, closing costs, and your down payment.

Purchase price

Down payment · 8.3%

Down:or type any amount above

This price requires at least 8.3% down (5% on the first $500K, 10% above).

Property is in the City of TorontoFirst-time buyer

Legal fees

Title insurance

Home inspection

Ontario land transfer tax$25,475

Legal · title · inspection$2,800

Closing costs$28,275

Down payment$120,000

Total cash to close$148,275

Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.