The Costco Effect

Costco Set to Open Its First Oakville Location

The long-anticipated arrival of a Costco location in Oakville has taken a significant step forward with the conditional approval of development plans on the Town of Oakville’s website. The new location will be at the corner of Wyecroft Road and South Service Road, adjacent to the Cineplex in Southwest Oakville, bordering the city of Burlington. This new store, spanning an impressive 15,662 square meters, will offer over 1,000 parking spaces, including both surface and underground options. The store will feature a gas station on the northeast corner of the site, near the intersection of South Service Road West and RioCan Boulevard.

A Boost for Oakville’s Retail Landscape

Replacing a semi-vacant RioCan Centre strip plaza, the Costco store will revitalize the area, offering Oakville residents a cost-effective shopping experience. Costco often attracts visitors from neighbouring areas. Residents from Oakville and Burlington will be closest to the new Costco warehouse but they should expect to see customers from Mississauga to Milton and onto Hamilton making the trip to the new location. This will likely impact traffic along Wyecroft Road and nearby intersections. Increased weekend traffic should be expected.

View the Development & Site Application Here

Impact on Local Retailers

Costco’s arrival could affect nearby grocery stores and retailers with its bulk shopping and competitive pricing. However, Oakville’s retail diversity may benefit from the increased foot traffic as visitors explore additional local businesses when making the trip to the retail giant.

A New Era for Wyecroft Road

This new development brings fresh purpose to an underused area, positioning Oakville for future growth. As the project progresses, it will be exciting to watch the positive impact Costco brings to the South Western part of Oakville’s community and shopping landscape.