$23,980,000

For sale

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489 Lakeshore Road, Oakville (MO Morrison) - Single Family for Sale

489 Lakeshore Road, Oakville (MO Morrison), Ontario, L6J1K4

5 beds8 baths12 parking152 × 288 ft (1.00 acres) lot sizeListed 198 days ago

Overview

This 5-bedroom, 8-bathroom home in Oakville is for sale.

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Description

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. (id:66096)

Property Details

MLS®: W13030806
Property Type: Single Family
Zoning: Residential
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 8
Half Baths: 2
Parking: 12
Lot Size: 152 × 288 ft (1.00 acres)
Frontage: 152 ft
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Pool: Yes
Ownership

Rooms

Second level

Laundry room: 4.47 x 3.18 meters
Primary Bedroom: 6.25 x 6.1 meters
Sitting room: 5.79 x 5.08 meters
Bedroom 2: 7.52 x 5.05 meters
Bedroom 3: 6.07 x 5.46 meters
Bedroom 4: 5.46 x 4.09 meters

Main level

Living room: 9.86 x 6.1 meters
Kitchen: 6.1 x 5.59 meters
Dining room: 7.21 x 4.88 meters
Family room: 6.07 x 5.49 meters

Features

Appliances: Central Vacuum, Garage door opener remote(s)
Foundation: Block
Exterior: Concrete
Lot Features: Level lot, Wooded area

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

198d

Oakville (MO Morrison) listings, avg age

65d

List price

$23.98M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 5-bed single family in Oakville (MO Morrison) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ENGEL & VOLKERS TORONTO CENTRAL · SUZANN LYNN PATERSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6J)

This home lists at $23,980,000, about 151.8× the local median household income of $158,000.

Carrying it typically needs a household income of about $4,684,133 (20% down, 25-yr amortization, stress-tested) — roughly 2865% above the area median.

Median household income: $158,000
Population: 24,420
Median age: 46.4
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L6J)

$23,980,000

For sale

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Full Cost Breakdown

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Down Payment20% · $4,796,000

Min 20%50%

Mortgage payment$102,269/mo

Property tax (est.)$10,868/mo

Total monthly$113,137

Cash Needed to Close

Down payment (20%)$4,796,000

Land transfer tax$585,975

Est. closing costs$74,440

Total cash needed$5,456,415

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489 Lakeshore Road, Oakville (MO Morrison) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L6J)

Book a showing

Full Cost Breakdown