Set on a 75' x 125' lot in one of Oakville's most coveted pockets, this property offers a unique combination of current livability and future potential. Committee of Adjustment approvals are already in place, with full architectural plans for a 3,816 sq. ft. above-grade custom residence, complemented by a 1,937 sq. ft. lower level - an ideal canvas for those looking to build a home without the uncertainty of starting from scratch. The existing home is in good condition and has recently benefited from a thoughtful $30,000 mini-facelift, making it perfectly serviceable in the interim while planning your build should you not wish to use the plans already in place. This makes the property attractive both as a future project and as a holding opportunity in Oakville's highly desirable Old Oakville community. Location is paramount, and Gloucester Avenue delivers. Just steps from downtown Oakville's vibrant shops, restaurants, and the shores of Lake Ontario, this address also falls within the sought-after New Central School catchment and is walking distance to many of the area's premiere private schools. Few neighbourhoods combine this level of walkability, school access, and established charm. With approvals and plans already in place, and a location that ranks among Oakville's finest, this is a chance to bring your vision to life. 111 Gloucester Avenue offers the perfect foundation for a dream home in the heart of Old Oakville.