- Bedrooms
- 4+1
- Bathrooms
- 8
- Size
- 5,000 +sq ft
- Lot
- 0.50 – 1.99 acres
- Tax a year
- $130,4162025 tax year
- Built
- 6-15
- Parking
- 124 attached
- Days on market
- Members
The brief
About 489 Lakeshore Rd
489 Lakeshore Rd is a 4+1-bedroom, 8-bathroom detached house in Morrison, Oakville, listed for sale at an asking price of $23,980,000 (MLS® W13030806).
Welcome to 489 Lakeshore Road East, a truly exceptional estate crafted by the renowned Ferris Rafauli, nestled in the prestigious enclave of southeast Oakville along the serene shores of Lake Ontario. This rare one-acre property boasts a remarkable 18,000+ square foot steel-frame home, meticulously designed to showcase unparalleled craftsmanship and timeless elegance. Every detail of this exquisite residence speaks to a dedication to luxury living, from its concrete structure to its five bedrooms and eight baths, eight fireplaces, three kitchens, and elevator for seamless access to all levels. Indulge in the ultimate relaxation with amenities such as an indoor pool, built-in spa, dry sauna, and cabana with a full kitchen. The property also features a four-car garage, 600-amp electrical service, in-floor heating, and cutting-edge building operation systems, all complemented by award-winning landscaping that surrounds this magnificent estate. For the discerning buyer seeking the epitome of luxury living, 489 Lakeshore Road East offers an unparalleled opportunity to experience a lifestyle of opulence and refinement.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$114,570/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 33 detached homes with 5 bedrooms for lease in Oakville right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $130,416 / 2025
- MLS® number
- W13030806
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 6-15
- Days on market
- Size
- 5000 + sqft
- Lot Size
- 152 x 288 ft
- Listed on
- Parking
- 4 Attached, 12 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Morrison
- Municipality
- Oakville
Building
- Size
- 5000 + sqft
- Building Age
- 6-15
- Construction
- Concrete
Inside
- Bedrooms
- 4+1
- Bathrooms
- 8
- Bathroom Details
- 2 × 2pc Ground, 2 × 3pc 2nd, 1 × 4pc 2nd, 1 × 6pc 2nd, 2 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 3
Parking
- Driveway
- Circular
- Garage Type
- Attached
- Garage
- 4
- Additional Parking
- 8
- Total Parking
- 12
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 152 ft
- Depth
- 288 ft
- Lot Size
- 152 x 288 ft
Additional
- Foundation
- Concrete Block
- Roof
- Flat
- Fireplace
- Yes
- Pool
- Indoor
- Den
- Yes
- Family room
- Yes
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 6.1 × 9.86 m | Fireplace, W/O To Garden, Large Window | Main |
| Kitchen | 5.59 × 6.1 m | Breakfast Area, W/O To Garden, Breakfast Bar | Main |
| Dining | 4.88 × 7.21 m | Large Window, Wall Sconce Lighting, Double Doors | Main |
| Family | 5.49 × 6.07 m | Fireplace, Wall Sconce Lighting, Large Window | Main |
| Primary | 6.1 × 6.25 m | Fireplace, 6 Pc Ensuite, W/O To Terrace | 2nd |
| Sitting | 5.08 × 5.79 m | Fireplace, W/O To Terrace, Vaulted Ceiling | 2nd |
| 2nd Br | 5.05 × 7.52 m | 4 Pc Ensuite, W/O To Balcony, Large Window | 2nd |
| 3rd Br | 5.46 × 6.07 m | 3 Pc Ensuite, W/O To Balcony, Large Window | 2nd |
| 4th Br | 4.09 × 5.46 m | W/O To Balcony, Large Window, Ensuite Bath | 2nd |
| Laundry | 3.18 × 4.47 m | B/I Shelves, Closet, Custom Counter | 2nd |
Listing history
Buy/sell history for 489 Lakeshore Rd, Oakville, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $23,980,000 | N/A | For Sale | W13030806 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $4,796,000
- Total mortgage amount
- $19,184,000
- Total interest payment
- $13,636,600
- Total purchase cost
- $37,616,600
- Mortgage payment
- $109,402/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$120,270- Rent $5,700
- Shortfall $114,570
Rental income opens at $5,700, the median asking rent of 33 comparable homes for lease in Oakville. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $585,975
- Total land transfer tax
- $585,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $581,975
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $23,980,000
- $549,500
- Ontario total
- $585,975
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 43,776 sq ft4,067 m²
- Street frontage
- 152 ft46.3 m
- Depth
- 288 ft87.8 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m5 test or monitoring holes also recorded.250 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Dana Canada Corporation — Dana Oakville Kerr, 2.5 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Oakville Hydro Electricity Distribution Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Conservation Haltonor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in Morrison right now
- For sale now
- 54
- Median asking price
- $4M
- New in 7 days
- 0
- Price cuts
- 20%
Middle half: $3M to $5.97M
11 in 28 days
11 listings
This home is asking 500% above the median, higher than three quarters of them.
See all homes in MorrisonAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Oakville GO | GO Transit train: Lakeshore West | 1.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| New Central Public SchoolHalton DSB | Public · grades JK–6 | 100 m | 90%Grade 6 average |
| St. Vincent Catholic Elementary SchoolHalton CDSB | Catholic · grades JK–8 | 1.5 km | 76%Grade 6 average |
| E J James Public SchoolHalton DSB | Public · grades 1–8 · French Immersion | 1.7 km | 93%Grade 6 average |
| ÉÉC Sainte-Marie-OakvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.4 km | 91%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Oakville Trafalgar High SchoolHalton DSB | Public · grades 9–12 · French Immersion | 2.3 km | 86%Grade 9 math |
| St. Thomas Aquinas Catholic Secondary SchoolHalton CDSB | Catholic · grades 9–12 | 2.4 km | 72%Grade 9 math |
| White Oaks Secondary SchoolHalton DSB | Public · grades 9–12 | 3.5 km | 81%Grade 9 math |
| École secondaire Gaétan GervaisConseil scolaire Viamonde | French-language public · grades 9–12 | 3.7 km | 85%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Morrison are shown to signed-in members.