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Listed 3 months ago

489 Lakeshore Road E

1011 - MO Morrison, Oakville

$23,980,000

Detached|2-Storey
4 | 8 | 12
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.

Extras

No extras listed.

TypeDetached
Style2-Storey
Approx. Age6-15
Size5000 + sq. ft.
Property Tax$130,416
Lot Size152 ft x 288 ft
mls© NumberW13030806
Listed ByENGEL & VOLKERS TORONTO CENTRAL

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$122,741
Property tax
$10,868
Heat allowance
$150
Housing costs
$133,759 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $4,796,000
25-yr amortization

Income needed

$4,116,000

gross annual household income

Payment at 4%
$100,912 / mo
Cash down
$4,796,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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