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For Sale · Oakville · Development potential

488 Macdonald Road, Oakville, ON L6J 2B9

$4,999,000

Property facts

Bedrooms

4

Bathrooms

5

Kitchens

1

Living area

3,500 to 5,000 sq ft

Lot dimensions

45.2 m x 82.6 m (148'-3" x 270'-11")

Parking

13

Basement

Full, Finished

Heating

Forced Air

Cooling

Central Air

Association fee

Not listed

Annual taxes

$23,316 (2026)

Zoning

Not listed

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.

Location

Location on request

The brokerage has withheld the exact address for this listing. It sits within Oakville; contact TESA for the precise location.

Development potential

What can you build here?

Lot dimensions: 45.2 m x 82.6 m (148'-3" x 270'-11")

A fourplex is as-of-right on nearly any detached lot in the GTA, and many go further, a sixplex in the right ward, a garden suite, or a two-lot severance. Whether the numbers work comes down to the zone, the overlays, and the parcel, which is exactly what a TESA development read tells you. Get one on this lot before it goes.

Listing courtesy of RE/MAX Escarpment Realty Inc., Brokerage.

This information is provided by the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate by PropTx.

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.

Data updated Jul 13, 2026, 9:44 PM ET · Source: Toronto Regional Real Estate Board