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.
4 bedrooms, 6 bathrooms, about 5,000 sq ft, works out to roughly $4,796 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 489 Lakeshore Rd E
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
5000 + sq ftas stated on the listing
Lot size
152.00 x 288.00 Feet
Parking
12 spacesYes garage
Basement
Finished, Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
12
Interior
Basement
Finished · Full
Exterior & construction
Pool
Yes
Lot & land
Lot dimensions
152.00 x 288.00 Feet
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
489 Lakeshore Rd E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13030806$23,980,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 489 Lakeshore Rd E Compares to the Oakville Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$117,807
/mo
based on the purchase price of $23,980,000
$4,796,000 cash
$19,184,000 financed
$16,157,963 total interest
Principal54%$19,184,000
Interest46%$16,157,963
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
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.
For homeowners nearby
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
Keep looking near 489 Lakeshore Rd E
Homes for sale in Oakville
Every active Oakville MLS® listing, updated all day.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio96.3%On average, homes sold below asking.
Active listings1,146Homes for sale here right now.
Median vs prior 90 days−1.9%Compared with May 11 – Aug 9, 2026: prices down.
Based on 977 sales from Aug 9 – Nov 7, 2026 (816 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
489 Lakeshore Rd E is listed at $23,980,000 (MLS® W13030806). Summitly updates the price as soon as the MLS® record changes.
Is $23,980,000 a good price for 489 Lakeshore Rd E?
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
Has the price of 489 Lakeshore Rd E changed?
No — 489 Lakeshore Rd E is still listed at its original asking price of $23,980,000.
How many bedrooms and bathrooms does 489 Lakeshore Rd E have?
489 Lakeshore Rd E has 4 bedrooms and 6 bathrooms, with about 5,000 square feet of living space. It is a detached home in Oakville.
Is 489 Lakeshore Rd E close to transit?
The nearest rapid-transit station is Oakville GO Station (Lakeshore West GO), about 1.7 km (about a 21-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 489 Lakeshore Rd E?
About $117,807 a month — principal and interest on $23,980,000 with 20% down ($4,796,000), 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.
How does 489 Lakeshore Rd E compare with other homes in Oakville?
Its asking price of $23,980,000 is about 1745% above the median sold price in Oakville over the last 90 days, $1,300,000, across 977 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.
Has 489 Lakeshore Rd E been sold before?
Summitly has no earlier MLS® sale or lease of 489 Lakeshore Rd E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 489 Lakeshore Rd E?
489 Lakeshore Rd E is in Oakville, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 489 Lakeshore Rd E been on the market?
204 days — 489 Lakeshore Rd E was listed on April 17, 2026.
What is the price per square foot of 489 Lakeshore Rd E?
About $4,796 per square foot: the asking price of $23,980,000 over the 5,000 sq ft the listing gives.
Does 489 Lakeshore Rd E have parking or a garage?
Yes — the listing gives 12 parking spaces. Garage: Yes.
