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For saleMLS® E14116910

242 Island Road, Toronto, ON M1C 2R2

Rouge · E10 · M1C 2R2

$699,000

$999 / sq ft

1 weeks on market

Bedrooms
3+1
Bathrooms
2
Interior
700 sf
Parking
3
Lot
60 × 159 ft

What's special

  • Attached garage
  • Central air
  • Separate entrance

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About this property

Estate Sale - Welcome to 242 Island Road!A great opportunity for renovators, investors, and buyers looking to create their dream home. This detached three-bedroom brick bungalow sits on a generous 60 x 159 ft. lot and features a separate basement entrance.The property requires renovations and is being sold in as-is condition. The third bedroom has been converted into a dining room but can potentially be converted back into a bedroom to suit your needs.Excellent potential to renovate, customize, and add value. Don't miss this opportunity to own a property with a spacious lot and plenty of possibilities!

Rooms

5 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomMain4.17 × 4.44 m13.7 × 14.6 ftBow Window
KitchenMain2.88 × 5.36 m9.4 × 17.6 ftBreakfast Area · Picture Window
Primary BedroomMain3.01 × 3.28 m9.9 × 10.8 ftDouble Closet · Window
Bedroom 2Main2.79 × 3.33 m9.2 × 10.9 ftLarge Closet
Bedroom 3Main3.51 × 3.56 m11.5 × 11.7 ftW/O To Yard

Features

  • Other

Property details

Property

Property type
detached
Bedrooms
3 + 1
Bathrooms
2
Interior size
700 sq ft
Lot size
60 × 159 ft
Possession
Immed./Tba

Interior

Basement
Separate Entrance, Finished
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
North

Exterior & services

Construction
Brick, Brick Front
Garage
Attached
Parking spaces
3
Sewer
Sewer

Costs

List price
$699,000
Property taxes
$5,022 / year (2025)
Price per sq ft
$999

Listing

MLS® number
E14116910
Status
For sale
Listed
October 26, 2026
Days on market
10
Last updated
October 26, 2026
Listing brokerage
RE/MAX CROSSROADS REALTY INC.

Price & sale history

This property's sale history is hidden

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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 below most comparable listings — about 4% of comparable detached listings in Rouge are asking less.

$882KMedian $1.13M$1.50M
This home
$999 / sq ft
Comparable median
$650 / sq ft

Based on 23 comparable active detached listings in Rouge. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.4% · minimum $44,900
$44,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,616.63
Property tax (est.)
$418.50
Estimated monthly
$4,035

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
$10,455
Toronto municipal
$10,455
Total due on closing
$20,910

An estimate on the asking price of $699,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX CROSSROADS REALTY INC.. 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.

$699,000

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