488 Macdonald Rd
Old Oakville, Oakville, Ontario L6J 2B9
- Bedrooms
- 4
- Bathrooms
- 5
- Size
- 3,500–5,000sq ft
- Per sq ft
- $1,176at the range’s middle
- Lot
- 148.25 x 270.93 ft
- Tax a year
- $23,3162026 tax year
- Built
- 31-50
- Parking
- 133 attached
- Days on market
- Members
The brief
About 488 Macdonald Rd
488 Macdonald Rd is a 4-bedroom, 5-bathroom detached house in Old Oakville, Oakville, listed for sale at an asking price of $4,999,000 (MLS® W13524820).
Grand Grounds. Timeless Elegance. Extraordinary Potential.An exceptional opportunity in one of Olde Oakville's most prestigious neighbourhoods. Tucked behind private gates and nestled beneath a magnificent canopy of mature trees, this beautifully landscaped and increasingly rare 0.82-acre estate offers over 7,100 square feet of living space in an irreplaceable setting just moments from Downtown Oakville.Approached by a sweeping circular drive, the timeless brick residence immediately impresses with its classic Colonial Williamsburg-inspired architecture, elegant symmetry, and commanding presence. Beyond the front entrance, peaceful views of the private pond and lush landscape create a tranquil, park-like retreat rarely found in such a coveted urban location.Custom built in 1980, this stately four-bedroom residence offers an extraordinary opportunity to reimagine an exceptional property. Offered in "as is" condition, the home presents the perfect canvas for those looking to undertake a significant renovation, thoughtfully restore its timeless character, or explore the opportunity to create a magnificent custom estate (subject to all necessary approvals). Whether preserving its enduring architectural charm or designing an entirely new vision, the possibilities are truly exceptional.The expansive grounds provide an incredible backdrop for family living, entertaining, and creating lasting memories for generations to come. Properties offering this rare combination of land, privacy, scale, and location are becoming increasingly difficult to find.Ideally situated within one of Oakville's most sought-after school districts and just a short walk to Downtown Oakville, the Oakville GO Station, public and private schools, Post Park, Whole Foods, Longo's, boutique shopping, restaurants, and the lakefront, this is more than an exceptional property-it is a rare opportunity to create a legacy estate in one of Olde Oakville's most coveted locations.
Insights
Condition Score
Fair56/100Listing notes possible renovation needs
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$19,850/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 58 detached homes with 4 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
- $23,316 / 2026
- MLS® number
- W13524820
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 31-50
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 148.25 x 270.93 ft
- Listed on
- Parking
- 3 Attached, 13 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Old Oakville
- Municipality
- Oakville
Building
- Size
- 3500-5000 sqft
- Building Age
- 31-50
- Construction
- Brick
Inside
- Bedrooms
- 4
- Bathrooms
- 5
- Bathroom Details
- 1 × 2pc Main, 1 × 3pc Main, 1 × 3pc 2nd, 1 × 5pc 2nd, 1 × 2pc Bsmt
- Basement Type
- Full
- Kitchens
- 1
Parking
- Driveway
- Circular, Private
- Garage Type
- Attached
- Garage
- 3
- Additional Parking
- 10
- Total Parking
- 13
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 148.25 ft
- Depth
- 270.93 ft
- Lot Size
- 148.25 x 270.93 ft
Additional
- Foundation
- Block
- Roof
- Cedar
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- All appliances (except as noted), all window coverings, all electric light fixtures, central vacuum (as is), cabinets in garage
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 4.04 × 5.18 m | — | Main |
| Living | 4.62 × 8.59 m | — | Main |
| Dining | 3.86 × 4.6 m | — | Main |
| Kitchen | 3.78 × 4.6 m | — | Main |
| Family | 4.37 × 5.44 m | — | Main |
| Sunroom | 4.04 × 4.45 m | — | Main |
| Office | 1.91 × 2.9 m | — | Main |
| Laundry | 2.9 × 3.61 m | — | Main |
| Bathroom | 0.0 × 0.0 m | 2 Pc Bath | Main |
| Bathroom | 0.0 × 0.0 m | 3 Pc Bath | Main |
| Primary | 3.76 × 4.62 m | W/I Closet | 2nd |
| Sitting | 2.31 × 4.62 m | — | 2nd |
| Bathroom | 0.0 × 0.0 m | 3 Pc Ensuite | 2nd |
| Br | 3.86 × 4.57 m | — | 2nd |
| Br | 3.89 × 4.57 m | — | 2nd |
| Br | 4.04 × 4.42 m | — | 2nd |
| Bathroom | 0.0 × 0.0 m | 5 Pc Bath | 2nd |
| Rec | 4.42 × 8.46 m | — | Bsmt |
| Office | 4.52 × 5.23 m | — | Bsmt |
| Play | 3.89 × 4.09 m | — | Bsmt |
| Other | 4.37 × 5.08 m | — | Bsmt |
| Games | 4.09 × 5.31 m | — | Bsmt |
| Workshop | 5.28 × 5.38 m | — | Bsmt |
| Bathroom | 0.0 × 0.0 m | 2 Pc Bath | Bsmt |
| Utility | 0.0 × 0.0 m | — | Bsmt |
Listing history
Buy/sell history for 488 Macdonald 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 | $4,999,000 | N/A | Ext | W13524820 |
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
- $999,800
- Total mortgage amount
- $3,999,200
- Total interest payment
- $2,842,900
- Total purchase cost
- $7,841,900
- Mortgage payment
- $22,807/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
90%Monthly carrying cost
$24,750- Rent $4,900
- Shortfall $19,850
Rental income opens at $4,900, the median asking rent of 58 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
- $111,450
- Total land transfer tax
- $111,450
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $107,450
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 $4,999,000
- $74,975
- Ontario total
- $111,450
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
- 40,165 sq ft3,731 m²
- Street frontage
- 148.25 ft45.2 m
- Depth
- 270.93 ft82.6 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, measured by MPAC.
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 m250 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 home3
- Nearest rail line: 620 m620 m
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 260 m away. Routes and stops change; check the agency’s schedule.400 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data · Municipal transit 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, 2.2 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 80 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (80 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.80 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. Contains information licensed under the Open Government Licence – Town of Oakville.
The market
Detached homes for sale in Old Oakville right now
- For sale now
- 27
- Median asking price
- $4.1M
- New in 7 days
- 2
- Price cuts
- 19%
Middle half: $2.77M to $5.24M
7 in 28 days
5 listings
This home is asking 22% above the median.
See all homes in Old OakvilleAsking 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 | 1.1 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 | 850 m | 90%Grade 6 average |
| St. Vincent Catholic Elementary SchoolHalton CDSB | Catholic · grades JK–8 | 1.3 km | 76%Grade 6 average |
| E J James Public SchoolHalton DSB | Public · grades 1–8 · French Immersion | 1.4 km | 93%Grade 6 average |
| École élémentaire du ChêneConseil scolaire Viamonde | French-language public · grades JK–6 | 2 km | 99%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Oakville Trafalgar High SchoolHalton DSB | Public · grades 9–12 · French Immersion | 2 km | 86%Grade 9 math |
| White Oaks Secondary SchoolHalton DSB | Public · grades 9–12 | 2.6 km | 81%Grade 9 math |
| St. Thomas Aquinas Catholic Secondary SchoolHalton CDSB | Catholic · grades 9–12 | 2.7 km | 72%Grade 9 math |
| École secondaire Gaétan GervaisConseil scolaire Viamonde | French-language public · grades 9–12 | 2.8 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
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Sold prices in Old Oakville are shown to signed-in members.