Oakville’s Edgemere Estate on Lakeshore Road to Become Two-Storey Flats? Say it Ain’t So!
February 13th, 2008 Categories: Historical Oakville, Oakville Real Estate News, Oakville Town Planning & Development, South East Oakville
Last year a landmark Oakville property “Edgemere Estate” located at 1502 Lakeshore Road in Oakville went on the market at a sticker price of $45 million, the priciest home ever to be listed in Canada on MLS.
It sold to Oakville resident and developer Mark Hewitt for a reported $35.9 million.
Now this developer plans to build 10 two and a half storey flats that will provide 30 housing units on the 12 acre property.
Luxury flats to be sold at $4+ million each
Lakeshore Road residents and other residents in South East Oakville were invited to a gathering recently to hear the developer speak about plans for redevelopment of the property and the “manor houses” that would be constructed.
To make way for these flats the 32,000 square foot main house, that formerly belonged to a prominent developer in town, will be torn down. Hewitt plans to leave the five historical structures on the property intact.
Pending approval of zoning and building applications, construction is expected to begin late this year or spring of 2009.
As locals, we have to question what this kind of higher-density housing would do to change the character of Lakeshore Road which is currently comprised of estate homes only. What kind of precedent would Edgemere’s fate set for the other estate homes on Lakeshore?
What are your thoughts?
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This entry was posted on Wednesday, February 13th, 2008 at 8:51 pm and is filed under Historical Oakville, Oakville Real Estate News, Oakville Town Planning & Development, South East Oakville. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Tearing down a 1900’s Lakeshore Estate to put up 10 apartment flats? I thought this was a joke at first. But it wasnt
If Oakville allows this nonsense to go through they will basically be saying we dont care about the rich history of Oakville, and we let developers do whatever they want.