$23,980,000
Est. payment $106,178/moCalculate yours
489 Lakeshore Road E, Oakville, ON L6J 1K4
1011 - MO Morrison, Oakville, ON L6J 1K4
- 4 + 1 Beds
- 8 Baths
- 4 Garage
- 5,000 Sq Ft
Listing courtesy of ENGEL & VOLKERS TORONTO CENTRAL MLS® W13030806
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 6-15
- Size
- 5,000 sqft
Interior
- Bedrooms
- 4 + 1
- Bathrooms
- 8
- Kitchens
- 3
- Total Rooms
- 22
- Basement
- Finished, Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Concrete
- Foundation
- Concrete Block
- Roof
- Flat
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 152 x 288 Feet
- Parking
- Attached garage · 12 total
- Zoning
- Residential
Financial
- Property Taxes
- $130,416 (2025)
Location
- Neighbourhood
- 1011 - MO Morrison
- Cross Street
- Lakeshore Rd E. & Balsam Drive
- Direction Faces
- North
Listing
- MLS® Number
- W13030806
- Days on Market
- 184
- Listed On
- 2026-04-17
- Possession
- TBD
- Listed By
- ENGEL & VOLKERS TORONTO CENTRAL
Rooms
Features
Interior
- Auto Garage Door Remote
- Central Vacuum
- Storage
Property
- Level
- Wooded/Treed
Pool
- Indoor
Mortgage calculator
Estimated mortgage payment
$106,178 per month
- Principal and interest
- $106,178
- Property tax
- $10,868
- Condo fees
- $0
- Estimated monthly cost
- $117,046
Your mortgage
- Mortgage amount
- $19,184,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $12,669,475
Cash to close
- Down payment
- $4,796,000
- Land transfer tax
- $585,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $5,381,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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