491 Fourth Line, Oakville, ON
West, Oakville · MLS® W13690642
About this home
In short
- Welcome to 491 Fourth Line, an Exceptional Custom-Built Home in one of West Oakville's most sought-after neighborhoods.
- Inside, soaring ceilings, 12-foot at the main floor, oversized 10-foot interior doors, and dramatic floor-to-ceiling windows fill the home with natural light.
- The family room has16 ft ceiling height with three sided modern gas fire place, floor to ceiling window with the most fancy chandelier.
- The luxurious primary retreat features a spa-inspired ensuite complete with a free stand tub, oversized glass shower, double vanities, and walk-in closet.
- The professionally finished basement provides incredible additional living space with full kitchen, Gym, Theatre/Game room, two bedrooms, laundry, two washrooms...
Welcome to 491 Fourth Line, an Exceptional Custom-Built Home in one of West Oakville's most sought-after neighborhoods. This residence offers over 6,152 sq. ft. of Magnificent Modern Finishes Living Space, blending timeless architecture with modern family functionality. Set on a professionally landscaped lot with circled driveway for luxury life style! the home features a fully fenced backyard, expansive fully covered patio with gas fireplace and natural Indiana-Lime Stone, and covered porch, creating the perfect outdoor living space for family gatherings and summer entertaining. Inside, soaring ceilings, 12-foot at the main floor, oversized 10-foot interior doors, and dramatic floor-to-ceiling windows fill the home with natural light. The chef-inspired kitchen with wood veneer cabinets serves as the heart of the home, featuring built-in appliances, a large centre island, double corner Bi-Folding doors to blend the exterior with the interior! butler's pantry, and separate walk-in pantry, offering exceptional storage and entertaining space. Spacious size living, dinning and family rooms wrapped by state of the art modern wall panels! The family room has16 ft ceiling height with three sided modern gas fire place, floor to ceiling window with the most fancy chandelier! As well as spacious mudroom with custom veneer closets for today's family needs. The upper level with 10 ft height ceiling offers four spacious bedrooms with their full ensuite bathrooms! As well as laundry, second furnace room and skylights for optimum level of comfort! The luxurious primary retreat features a spa-inspired ensuite complete with a free stand tub, oversized glass shower, double vanities, and walk-in closet. The professionally finished basement provides incredible additional living space with full kitchen, Gym, Theatre/Game room, two bedrooms, laundry, two washrooms, living room with gas fireplace and Bi-Folding doors at the Walk-out Basement! This is Your Dream Home!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13690642
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 63 × 120 ft
- Cross streets
- Fourth Line and Rebecca
- Parking
- 2 garage · 6 parking (attached)
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 57
- Listing brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Rooms
tile floor · sliding doors
hardwood floor · b/i closet · window
hardwood floor · ensuite bath · sliding doors
hardwood floor · ensuite bath · walk-in closet(s)
marble counter · b/i appliances · b/i oven
closet organizers · tile floor
hardwood floor · gas fireplace · window floor to ceiling
hardwood floor · ensuite bath · walk-in closet(s)
hardwood floor · window floor to ceiling · overlooks frontyard
hardwood floor · window floor to ceiling · overlooks frontyard
hardwood floor · window
hardwood floor · ensuite bath · walk-in closet(s)
hardwood floor · ensuite bath · walk-in closet(s)
overlook patio · open concept · tile floor
tile floor · b/i appliances
hardwood floor · gas fireplace · glass doors
tile floor · window floor to ceiling · stainless steel appl
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
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The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $887/sqft; this home lists at $797/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in West: $1.20M in September 2026, down 22% from a year ago, on 169 closings in 11 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.16M | 19 |
| November 2025 | $2.07M | 16 |
| December 2025 | $1.17M | 7 |
| January 2026 | $1.26M | 8 |
| March 2026 | $2.42M | 7 |
| April 2026 | $1.27M | 21 |
| May 2026 | $1.45M | 33 |
| June 2026 | $1.31M | 17 |
| July 2026 | $1.14M | 17 |
| August 2026 | $1.31M | 11 |
| September 2026 | $1.20M | 13 |
Neighbourhood & location
West, Oakville, ON
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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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $2,711,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,991
- Estimated property tax
- $2,118
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,109
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $71,200
- Estimated closing costs
- $71,200
Plus your down payment of $677,800. 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
- $899,441
- Principal paid down
- $331,259
- Interest paid
- $568,183
- Balance remaining
- $2,379,941
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 RE/MAX REAL ESTATE CENTRE INC.. MLS®/PropTx.