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$23.98M · 4+1 bed Detached · 1011 - MO Morrison, Oakville | MyPropertyScout

$23,980,000

489 Lakeshore Road

90 DOM

4+1890d

Map

DOM 90

Motivated SellerPool

$23,980,000

Motivated Seller

DOM90days

489 Lakeshore Road

Oakville · Ontario L6J 1K4

MLS® W13030806 · 1011 - MO Morrison · L6J 1K4

4+18OwnerOccupied5000 + ft²Detached4-car AttachedFinished, FullPool90d$4,796/ft²Lot 152 x 288 ft.50-1.99 ac$130,416 tax/yrBuilt 201511 yrs oldFinished, Full

90 days on market

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 bedroom…

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Property details

MLS#: W13030806
Status: Buy Now
Property class: Residential Freehold
Beds: 4+1
Baths: 8 full, 0 half
Rooms: 22
Kitchens: 3
Size: 5000 +Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Finished, Full
Style: 2-Storey
Type: Detached
Year built: 2015

PIN: 248100165
Roll / ARN: 240104009013400
Plan: 1009

Occupancy: Owner Occupied
Washrooms: 2 pc · Ground; 3 pc · Second; 4 pc · Second; 6 pc · Second; 3 pc · Basement
Family room: Family room
Central vacuum: Central vacuum
Ensuite laundry: No
Special designation: Accessibility

Zoning: Residential

Roof: Flat
Foundation: Concrete Block
Property features: Level, Wooded/Treed

Garage: 4-car Attached
Garage spaces: 4
Parking: 12 total
Lot: 152 × 288
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: Yes
Waterfront: No
Exterior: Concrete
Fronting on: North
Cross street: Lakeshore Rd E. & Balsam Drive
Stories: —
Utilities: —
Laundry: —
Laundry level: Upper Level
Interior: Auto Garage Door Remote, Central Vacuum, Storage
Parking features: Circular Drive

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

Motivated SellerWhy this label

90 days on market — Listing has been active for 90 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ENGEL & VOLKERS TORONTO CENTRAL

Source: TRREB/PROPTX · MLS® W13030806

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$23.98M

489 Lakeshore Road · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $23,980,000✓ $130,416 tax✓ Gas✓ 5000 + ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$171,819/mo

incl. closing costs (yr 1)

Annual total

$2,061,823

year 1

Mortgage only

$90,973/mo

principal + interest

Beyond mortgage

$31,556/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$4,796,000

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$10,868/mo

Utilities

Hydro / electricity$350/mo

≈ $0.07/ft² × ~5,000 ft² · ON avg ~$350/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$239,800/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$585,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)53% $1,091,672/yr

Property taxes35% $716,391/yr

Utilities0% $7,260/yr

Insurance & security0% $1,600/yr

Maintenance12% $239,800/yr

Closing costs0% $5,100/yr

Mortgage is 53% of your true cost of ownership. The other 47% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$1,091,672	$90,973/mo
Government & taxes
Property tax	$130,416	$10,868/mo
Land transfer tax(closing)	$585,975	$48,831/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$4,200	$350/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$239,800	$19,983/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$2,061,823	$171,819/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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489 Lakeshore Road

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs