Oakville, ON · L6J 2B9 · MLS® W13524820Updated
$4,999,000Est. $24,559/mo mortgage
488 Macdonald Rd is a 4-bedroom, 3-bathroom detached home in Oakville, listed for $4,999,000. It has 3500-5000 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
4 bedrooms, 3 bathrooms, about 3,500 sq ft, works out to roughly $1,428 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
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Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home488 Macdonald Road 4 bd · 3 ba · 3,500 sqft | $4,999,000asking | $1,428 | — | — |
| 362 Fourth Line 4 bd · 2 ba · 1,500 sqft | ||||
| 452 Stanfield Drive 3 bd · 2 ba · 1,100 sqft | ||||
| 3329 Merion Gardens 4 bd · 4 ba · 3,000 sqft | ||||
| 1385 Highgate Court 3 bd · 3 ba · 1,500 sqft | ||||
| 1320 Hillview Crescent 3 bd · 2 ba · 1,100 sqft | ||||
| 262 Chalmers Street 3 bd · 2 ba · 1,100 sqft |
4 bd · 2 ba · 1,500 sqft
3 bd · 2 ba · 1,100 sqft
4 bd · 4 ba · 3,000 sqft
3 bd · 3 ba · 1,500 sqft
3 bd · 2 ba · 1,100 sqft
3 bd · 2 ba · 1,100 sqft
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Listing brokerage: RE/MAX Escarpment Realty Inc., BrokerageMLS® W13524820 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other 3–5 bed homes for sale in Oakville around $5.0M.
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Based on 1,058 sales from Jul 23 – Oct 21, 2026 (730 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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488 Macdonald Rd is listed at $4,999,000 (MLS® W13524820). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Oakville. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
No — 488 Macdonald Rd is still listed at its original asking price of $4,999,000.
488 Macdonald Rd has 4 bedrooms and 3 bathrooms, with about 3,500–5,000 square feet of living space. It is a detached home in Oakville.
The nearest rapid-transit station is Oakville GO Station (Lakeshore West GO), about 1.1 km (about a 14-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
About $24,559 a month — principal and interest on $4,999,000 with 20% down ($999,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Its asking price of $4,999,000 is about 282% above the median sold price in Oakville over the last 90 days, $1,310,000, across 1,058 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 488 Macdonald Rd on record from the last two years. Older records aren't shown under TRREB rules.
488 Macdonald Rd is in Oakville, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
108 days — 488 Macdonald Rd was listed on July 5, 2026.
About $1,000 to $1,428 per square foot: the asking price of $4,999,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Yes — the listing gives 13 parking spaces. Garage: Yes.
