489 Lakeshore Road E, Oakville, ON L6J 1K4
- Property tax
- $130,416 / year
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.
- MLS number
- W13030806
- Type
- Detached
- Status
- Active
- Bedrooms
- 5
- Bathrooms
- 8
- Postal code
- L6J 1K4
- Photos
- 48
This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.
Rooms
10 rooms as the listing brokerage filed them, with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Living Room | 9.86 × 6.10 m | Fireplace · W/O To Garden · Large Window |
| Kitchen | 6.10 × 5.59 m | Breakfast Area · W/O To Garden · Breakfast Bar |
| Dining Room | 7.21 × 4.88 m | Large Window · Wall Sconce Lighting · Double Doors |
| Family Room | 6.07 × 5.49 m | Fireplace · Wall Sconce Lighting · Large Window |
Second
| Room | Size | Features |
|---|---|---|
| Primary Bedroom | 6.25 × 6.10 m | Fireplace · 6 Pc Ensuite · W/O To Terrace |
| Sitting | 5.79 × 5.08 m | Fireplace · W/O To Terrace · Vaulted Ceiling(s) |
| Bedroom 2 | 7.52 × 5.05 m | 4 Pc Ensuite · W/O To Balcony · Large Window |
| Bedroom 3 | 6.07 × 5.46 m | 3 Pc Ensuite · W/O To Balcony · Large Window |
| Bedroom 4 | 5.46 × 4.09 m | W/O To Balcony · Large Window · Ensuite Bath |
| Laundry | 4.47 × 3.18 m | B/I Shelves · Closet · Custom Counter |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Detached
- Style
- 2-Storey
- Class
- Residential Freehold
- Age
- 6-15
- Fronting on
- North
- Community
- 1011 - MO Morrison
- Municipality
- Oakville
- Cross street
- Lakeshore Rd E. & Balsam Drive
- Zoning
- Residential
Inside
- Bedrooms
- 5
- Bedrooms above grade
- 4
- Bathrooms
- 8
- Washrooms
- 2 on the ground floor · 2 on the second floor · 1 on the second floor
- Kitchens
- 3
- Rooms
- 22
- Rooms above grade
- 22
- Family room
- Yes
- Fireplace
- Yes
- Basement
- Finished, Full
- Laundry
- Upper Level
- Size
- 5000 +
Building
- Construction
- Concrete
- Roof
- Flat
- Foundation
- Concrete Block
Parking
- Garage
- Attached
- Covered spaces
- 4
- Driveway spaces
- 12
- Total parking
- 12
- Features
- Circular Drive
Land
- Lot
- 152 × 288 feet
- Pool
- Indoor
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
Features
- Property
- Level, Wooded/Treed
- Interior
- Auto Garage Door Remote, Central Vacuum, Storage
Listing
- MLS number
- W13030806
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-04-17
- Expires
- 2027-04-17
- Taxes
- $130,416 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 4 times.
Where this home is
Where this address sits, matched against open government data.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| New Central Public School Halton DSB | Elementary | 105 m | / 10 84% met the standard |
| St. Vincent Catholic Elementary School Halton CDSB | Elementary | 1.5 km | / 10 76% met the standard · 3 of 6 measures |
| E J James Public School Halton DSB | Elementary | 1.7 km | / 10 92% met the standard |
| Oakville Trafalgar High School Halton DSB | Secondary | 2.3 km | / 10 92% met the standard · 2 of 6 measures |
| Oakwood Public School Halton DSB | Elementary | 1.9 km | / 10 45% met the standard · 3 of 6 measures |
| Maple Grove Public School Halton DSB | Elementary | 2.5 km | / 10 79% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
The market around this home
Detached houses in Oakville — 2,391 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among detached houses in oakville. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 499 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35240206 — the few blocks around this address, home to 499 people. It describes the area, not this property.
Percentages are of the 295 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from the median of recent 5-bedroom leases in 1011 - MO Morrison. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.