This exceptional property, located on one of the most sought-after streets in Old Oakville, presents a unique opportunity to create the home of your dreams. Balsam Drive is renowned for its stunning tree-lined vistas, prestigious estate homes, and generous lot sizes, making it one of Oakville's most desirable addresses. Set on a sprawling 15,650 sqft lot with an impressive 100.21-foot frontage and 153.11-foot depth, this property offers ultimate privacy with perimeter trees that do not interfere with potential building plans. Its coveted RL1-0 zoning allows for the construction of a grand estate, providing ample space for luxurious living areas, outdoor entertaining spaces, and lush gardens. While you plan your dream build, the existing home is move-in ready, offering comfortable living or rental potential. This flexibility ensures you can enjoy the property immediately while crafting your future vision. Located within walking distance of Downtown Oakville and the shores of Lake Ontario, this property epitomizes convenience and lifestyle. Enjoy a short stroll to world-class restaurants, boutique shopping, and the picturesque lakefront, all within 10 minutes. Families will also benefit from being minutes away from Oakville's top-rated private schools, such as St. Mildred's-Lightbourn, MacLachlan College, and Linbrook School, and just steps away from New Central Public School. With endless possibilities, this property offers incredible potential for a custom-designed estate with stunning architecture, making full use of this extraordinary lot.