$2,600,000
For sale: Other

Freestanding AUTOMOTIVE use building for sale on Wallace Road in Oakville. The 0.30 acre site has been improved with an approximate 3,000 sq. ft industrial building. The property has the highly coveted Business Commercial (E4 Sp. 341) zoning, permitting a number of different industrial and commercial uses including Motor Vehicle Repair, Dealership, Body Shop, Washing & Rental uses. Additional permitted uses include Manufacturing, Warehousing and Repair Shop. The 14 ft. clear height building has two drive-in doors, epoxy floors, multiple employee washrooms and a new roof. There is excess land behind the building for additional parking/storage. Located just off Speers Road and Third Line in central Oakville, with quick access to the QEW and other 400 series provincial highways.
Sold data
Homes in Oakville (QE Queen Elizabeth) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 46, across 548 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $1,289,500.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
Based on 548 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Oakville (QE Queen Elizabeth) has 56 Fraser Institute–rated schools (45 elementary and 11 secondary), averaging 7.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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