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For saleMLS® W13524820

488 Macdonald Road, Oakville, ON L6J 2B9

Old Oakville · L6J 2B9

$4,999,000

$1,428 / sq ft

4 months on market

Bedrooms
4
Bathrooms
5
Interior
3,500 sf
Parking
13
Lot
148.25 × 270.93 ft
Age
31-50 years

What's special

  • Attached garage
  • Central air
  • Finished basement
  • 3 fireplaces

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About this property

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.

Rooms

20 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
FoyerMain5.18 × 4.04 m17.0 × 13.3 ft—
Living RoomMain8.59 × 4.62 m28.2 × 15.2 ft—
Dining RoomMain4.60 × 3.86 m15.1 × 12.7 ft—
KitchenMain4.60 × 3.78 m15.1 × 12.4 ft—
Family RoomMain5.44 × 4.37 m17.8 × 14.3 ft—
SunroomMain4.45 × 4.04 m14.6 × 13.3 ft—
OfficeMain2.90 × 1.91 m9.5 × 6.3 ft—
LaundryMain3.61 × 2.90 m11.8 × 9.5 ft—
BathroomMain—2 Pc Bath
BathroomMain—3 Pc Bath
Primary BedroomSecond4.62 × 3.76 m15.2 × 12.3 ftWalk-In Closet(s)
SittingSecond4.62 × 2.31 m15.2 × 7.6 ft—
BathroomSecond—3 Pc Ensuite
BedroomSecond4.57 × 3.86 m15.0 × 12.7 ft—
BedroomSecond4.57 × 3.89 m15.0 × 12.8 ft—
BedroomSecond4.42 × 4.04 m14.5 × 13.3 ft—
BathroomSecond—5 Pc Bath
RecreationBasement8.46 × 4.42 m27.8 × 14.5 ft—
OfficeBasement5.23 × 4.52 m17.2 × 14.8 ft—
PlayBasement4.09 × 3.89 m13.4 × 12.8 ft—

Features

  • Other

Property details

Property

Property type
detached
Bedrooms
4
Bathrooms
5
Interior size
3,500 sq ft
Year built
31-50
Lot size
148.25 × 270.93 ft
Zoning
RL1-0
Possession
Flexible

Interior

Basement
Full, Finished
Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
3
Exposure
South

Exterior & services

Construction
Brick
Garage
Attached
Parking spaces
13
Sewer
Sewer

Costs

List price
$4,999,000
Property taxes
$23,316 / year (2026)
Price per sq ft
$1,428
Rental items
Hot water tank

Listing

MLS® number
W13524820
Status
For sale
Listed
July 5, 2026
Days on market
122
Last updated
September 24, 2026
Listing brokerage
RE/MAX Escarpment Realty Inc., Brokerage

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 67% of comparable detached listings in Old Oakville are asking less.

$2.02MMedian $3.95M$7.29M
This home
$1,428 / sq ft
Comparable median
$1,522 / sq ft

Based on 24 comparable active detached listings in Old Oakville. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $999,800
$999,800
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$22,112.26
Property tax (est.)
$1,943.03
Estimated monthly
$24,055

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$111,450
Total due on closing
$111,450

An estimate on the asking price of $4,999,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX Escarpment Realty Inc., Brokerage. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$4,999,000

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Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE