1522 Devon Road, Oakville, ON
Morrison, Oakville · MLS® W12869462
About this home
Elegant Custom Estate in Prestigious Southeast Oakville. Experience refined living in this stunning custom residence offering over 4,800 sq ft above grade and more than 7,300 sq ft of total living space. Thoughtfully designed by Michael Pettes and expertly built by PCM, this home showcases timeless architecture and exceptional craftsmanship throughout. The main level exudes European sophistication, featuring plaster crown mouldings, custom drapery, designer wall sconces, and intricate architectural detailing. A dramatic main floor library impresses with soaring ceilings, a gas fireplace, and a striking wrought-iron catwalk above. The grand formal dining room comfortably accommodates large gatherings, perfect for elegant entertaining. At the heart of the home is a Downsview chef's kitchen complete with a large centre island, servery, and seamless flow into the breakfast area and spacious family room. The upper level offers an outstanding layout highlighted by a wide skylit hallway-ideal for displaying art or family memories. All four generously sized bedrooms feature private ensuites and ample closets. The luxurious primary retreat boasts a cathedral ceiling, dressing room, and spa-inspired ensuite with a built-in bookshelf beside the soaker tub. The fully finished lower level is designed for both relaxation and entertaining, featuring a fifth bedroom, full bath, expansive recreation room with wet bar, and a stone-accent wine cellar. A large laundry room with extensive counter space and a wide winding walk-up to the backyard adds convenience. Additional highlights include a main floor den, upper-level study, heated interlock driveway, oversized garage with car lift capability, covered rear porch, and dual furnaces and A/C units. Ideally located within walking distance to top-rated schools and just minutes to shopping, amenities, and major highways, this exceptional home offers luxury, functionality, and an unbeatable Southeast Oakville lifestyle.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12869462
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000
- Lot
- 75.09 × 171.89 ft
- Cross streets
- Maple Grove & Devon
- Parking
- 2 garage · 7 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $24,154 / 2025
- Days on market
- 128
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
Hardwood Floor
hardwood floor · 3 pc ensuite
fireplace · hardwood floor
hardwood floor · fireplace
Tile Floor
tile floor · stainless steel appl · centre island
hardwood floor · 3 pc ensuite
hardwood floor · 3 pc ensuite
Hardwood Floor
Hardwood Floor
W/O To Patio
hardwood floor · 5 pc ensuite · walk-in closet(s)
Listed at $4,990,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 12 similar homes nearby, adjusted for size, beds, and baths.Median of 12 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $5.34M, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $6.25M
- Bathrooms −$15K
- Adjusts to $6.24M
That comparable adjusts to $6.24M; the $4.93M estimate above is the median of all 12 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Devon & Maple Grove is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $4.93M, median of 12 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Value driver
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 7% below the area average of $1,263/sqft.
123 days longer than the Oakville average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Morrison, Oakville, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Devon & Maple Grove, about 126 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Oakville.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $3,992,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $21,303
- Property tax
- $2,013
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $23,316
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $111,225
- Estimated closing costs
- $111,225
Plus your down payment of $998,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $1,278,168
- Principal paid down
- $508,382
- Interest paid
- $769,785
- Balance remaining
- $3,483,618
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.