488 Macdonald Road, Oakville, ON L6J 2B9
1013 - OO Old Oakville, Oakville · Near Balsam and MacDonald · View map
About this home
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.
The home
- Type
- 2-storey detached home
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 4
- Bathrooms
- 5
- Kitchens
- 1
- Rooms
- 17
- Basement
- Full, Finished
- Lot size
- 148.3 x 270.9 ft
- Faces
- South
- View
- Trees/Woods
- Approximate age
- 31-50 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Garage
- Attached
- Garage spaces
- 3
- Driveway spaces
- 10
- Total parking
- 13
- Parking features
- Circular Drive, Private
Taxes & other
- Property taxes
- $23,316/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- Balsam and MacDonald
- Neighbourhood
- 1013 - OO Old Oakville
More
- Price per sq ft
- ~$1,176 (at 4,250 sq ft)
- MLS® number
- W13524820
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
488 Macdonald Road, Oakville, ON L6J 2B9
1013 - OO Old Oakville, Oakville · Near Balsam and MacDonald
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Listing history for 488 Macdonald Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 488 Macdonald Road
Answers come straight from this home’s MLS® listing.
How much is 488 Macdonald Road listed for, and what would it cost each month?
488 Macdonald Road is listed for $4,999,000. With 20% down ($999,800), the mortgage payment would be roughly $20,165 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $22,108 a month, all in. That figure is an illustration, not a quote.
Is 488 Macdonald Road freehold or a condo, and is there a monthly fee?
488 Macdonald Road is a 2-storey detached home in 1013 - OO Old Oakville, Oakville. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 488 Macdonald Road have?
488 Macdonald Road has 4 bedrooms and 5 bathrooms.
Does 488 Macdonald Road have a garage and parking?
Yes. The listing shows the garage as attached, with room for 3 cars. The driveway adds 10 spaces. In total the listing counts 13 parking spaces.
Does 488 Macdonald Road have a finished basement?
The listing describes the basement as full, finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 488 Macdonald Road?
488 Macdonald Road is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 488 Macdonald Road, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 148.3 x 270.9 ft.
How is 488 Macdonald Road heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 488 Macdonald Road?
Property taxes are $23,316 a year (2026), or about $1,943 a month.
Where is 488 Macdonald Road?
488 Macdonald Road is in the 1013 - OO Old Oakville community of Oakville. The nearest main intersection is Balsam and MacDonald. The postal code is L6J 2B9.
Is 488 Macdonald Road still for sale?
Yes. It is an active listing (MLS® W13524820). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 488 Macdonald Road asking?
Similar detached homes for sale nearby right now include 338 MACDONALD Road at $3,790,000 (4 bed), 287 MacDonald Road at $3,769,000 (4 bed) and 317 Gloucester Avenue at $5,130,000 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 488 Macdonald Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 488 Macdonald Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near 1013 - OO Old Oakville, picked by style, size and price.
2-storey detached home$3,790,000338 MACDONALD Road, Oakville4 bed · 4 bath · 1013 - OO Old OakvilleCourtesy of: CENTURY 21 MILLER REAL ESTATE LTD.View home →
2-storey detached home$3,769,000287 MacDonald Road, Oakville4 bed · 5 bath · 1013 - OO Old OakvilleCourtesy of: RE/MAX Escarpment Realty Inc., BrokerageView home →
2-storey detached home$5,130,000317 Gloucester Avenue, Oakville4 bed · 4 bath · 1013 - OO Old OakvilleCourtesy of: RE/MAX REALTY ENTERPRISES INC.View home →Courtesy of: RE/MAX Escarpment Realty Inc., Brokerage
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.