489 Lakeshore Road E, Oakville, ON L6J 1K4
1011 - MO Morrison, Oakville · Near Lakeshore Rd E. & Balsam Drive · View map
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.
The home
- Type
- 2-storey detached home
- Style
- 2-Storey
- Square footage
- 5000 + sq ft
- Bedrooms
- 4
- Basement bedrooms
- 1
- Bathrooms
- 8
- Kitchens
- 3
- Rooms
- 22
- Basement
- Finished, Full
- Lot size
- 152 x 288 ft
- Faces
- North
- Approximate age
- 6-15 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Concrete
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
- Central vacuum
- Yes
Garage & parking
- Garage
- Attached
- Garage spaces
- 4
- Driveway spaces
- 12
- Total parking
- 12
- Parking features
- Circular Drive
Taxes & other
- Property taxes
- $130,416/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- TBD
- Cross street
- Lakeshore Rd E. & Balsam Drive
- Neighbourhood
- 1011 - MO Morrison
More
- MLS® number
- W13030806
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The home and its surroundings
- Auto Garage Door Remote
- Central Vacuum
- Storage
- Level
- Wooded/Treed
- 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.
489 Lakeshore Road, Oakville, ON L6J 1K4
1011 - MO Morrison, Oakville · Near Lakeshore Rd E. & Balsam Drive
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Listing history for 489 Lakeshore 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 489 Lakeshore Road E
Answers come straight from this home’s MLS® listing.
How much is 489 Lakeshore Road E listed for, and what would it cost each month?
489 Lakeshore Road E is listed for $23,980,000. With 20% down ($4,796,000), the mortgage payment would be roughly $96,729 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $107,597 a month, all in. That figure is an illustration, not a quote.
Is 489 Lakeshore Road E freehold or a condo, and is there a monthly fee?
489 Lakeshore Road E is a 2-storey detached home in 1011 - MO Morrison, 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 489 Lakeshore Road E have?
489 Lakeshore Road E has 4 bedrooms, plus 1 more bedroom in the basement, and 8 bathrooms.
Does 489 Lakeshore Road E have a garage and parking?
Yes. The listing shows the garage as attached, with room for 4 cars. The driveway adds 12 spaces. In total the listing counts 12 parking spaces.
Does 489 Lakeshore Road E have a finished basement?
The listing describes the basement as finished, full. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 489 Lakeshore Road E?
489 Lakeshore Road E 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.
Does 489 Lakeshore Road E have a pool?
Yes. The listing shows indoor for the pool. Ask about its age, liner and equipment before you offer, since those are the costly parts to replace.
How big is 489 Lakeshore Road E, and what is the lot size?
The lot is listed as 152 x 288 ft.
How is 489 Lakeshore Road E heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 489 Lakeshore Road E?
Property taxes are $130,416 a year (2025), or about $10,868 a month.
Where is 489 Lakeshore Road E?
489 Lakeshore Road E is in the 1011 - MO Morrison community of Oakville. The nearest main intersection is Lakeshore Rd E. & Balsam Drive. The postal code is L6J 1K4.
Is 489 Lakeshore Road E still for sale?
Yes. It is an active listing (MLS® W13030806). Listings here update from the board through the day and come down once a home sells.
What have homes at 489 Lakeshore 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 489 Lakeshore Road E?
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.
Courtesy of: ENGEL & VOLKERS TORONTO CENTRAL
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.