489 Ravineview Way, Oakville, ON
Wedgewood Creek, Oakville · MLS® W13448842
About this home
Spacious, newly-renovated 5-bedroom detached home located on a family-friendly street in Wedgewood Creek, Oakville. Top Ranking School District (MUNN'S Public School Ranks 74/3052 and IROQUOIS RIDGE High School Ranks 8/747). Lovely landscaping with interlocking stone walkway along raised stone lined gardens with perennials and evergreens. Private, fully fenced rear yard offering large composite wood deck, built-in bench seating & privacy lattice screening.Hardwood floors through entire house, gas fireplace, deep baseboards & much more! Generous open concept living & dining room; beautiful kitchen with richly stained maple cabinetry, large pantry, moveable island, mosaic pencil glass & stone tile backsplash & stainless steel appliances. Spacious breakfast area with walkout to deck & rear yard. Generous open concept family room with inviting gas fireplace. Handy main floor den/office. Large bright master retreat with 2 large closets & additional walk-in closet & luxurious 5-piece master ensuite. Four additional bright bedrooms & 2 extra-large 4-piece baths (1 as dedicated ensuite for Bedroom #5). Surrounded By Ponds, Forests, Valleys, Parks and Trails. Close to the Uptown Core!Shopping Is Only 5 Minutes' Walking Distance. Quiet yet Convenient! A Piece of Oasis in the City Core! Plus, Its Fun and Family-Friendly Community. Annual Neighbourhood Street Party Is Held in September. Don't Miss This Gem and Street Party Fun!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13448842
- Bedrooms
- 5
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000
- Lot
- 46.46 × 117.98 ft
- Cross streets
- 8th Line & Ravineview Way
- Parking
- 2 garage · 5 parking (attached)
- Driveway
- Private Double
- Basement
- Full, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,365 / 2026
- Days on market
- 32
- Listing brokerage
- CRIMSON ROSE REAL ESTATE INC.
Rooms
broadloom · large closet
combined w/dining · hardwood floor · open concept
broadloom · large closet · closet organizers
hardwood floor · gas fireplace · pot lights
5 pc ensuite · broadloom · walk-in closet(s)
eat-in kitchen · stainless steel appl · pantry
broadloom · large closet · closet organizers
broadloom · large closet
hardwood floor · large window
combined w/living · hardwood floor · open concept
Listed at $1,699,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.96M, a bit higher.
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 $1.69M
- Adjusts to $1.69M
That comparable adjusts to $1.69M; the $1.75M estimate above is the median of all 8 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, this is a very walkable address with everyday errands close by. North Ridge Trail + Postridge Dr is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.75M, median of 8 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Lifestyle
- Weigh carefully
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 9% below the area average of $677/sqft.
27 days longer than the Oakville average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Wedgewood Creek, Oakville, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: North Ridge Trail + Postridge Dr, about 257 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 $1,359,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,253
- Property tax
- $697
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,950
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,455
- Estimated closing costs
- $30,455
Plus your down payment of $339,800. 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
- $435,192
- Principal paid down
- $173,094
- Interest paid
- $262,097
- Balance remaining
- $1,186,106
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 CRIMSON ROSE REAL ESTATE INC.. MLS®/PropTx.