$699,000

For sale

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242 Island Road, Toronto (Rouge) - Single Family for Sale

242 Island Road, Toronto (Rouge), Ontario, M1C2R2

4 beds2 baths3 parking ft²

13 Boulderbrook Drive, Toronto (Rouge), Ontario, M1X2B9

6 bd4 ba4 pk2,250 ft²Lot size 36 × 89 ft (3,209 sq ft)

Listed by CENTURY 21 LEADING EDGE REALTY INC.

136 Tideswell Boulevard, Toronto (Rouge), Ontario, M1B6E2

For saleJust listed

6 days ago

$1.50M

136 Tideswell Boulevard, Toronto (Rouge), Ontario, M1B6E2

6 bd4 ba5 pk2,750 ft²Lot size 46 × 110 ft (5,011 sq ft)

Listed by ROYAL LEPAGE IGNITE REALTY

31 Durness Avenue, Toronto (Rouge), Ontario, M1B4W4

For saleJust listed

6 days ago

$1.05M

31 Durness Avenue, Toronto (Rouge), Ontario, M1B4W4

4 bd3 ba4 pk2,250 ft²Lot size 35 × 111 ft (3,856 sq ft)

Listed by CENTURY 21 MILLENNIUM INC.

38 Bobolink Avenue, Toronto (Rouge), Ontario, M1X1W3

For sale

11 days ago

$1.30M

38 Bobolink Avenue, Toronto (Rouge), Ontario, M1X1W3

6 bd4 ba6 pk2,250 ft²Lot size 41 × 81 ft (3,341 sq ft)

Listed by HOMELIFE/CHAMPIONS REALTY INC.

Investment analysis

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$699,000

Toronto

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60 × 159 ft (9,540 sq ft) lot size

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $699,000, it is attractively priced about 36% below the $1,099,000 median asking price in Toronto. It has been on the market 9 days, fresher than the Toronto average of 54 days.

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Description

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! (id:66096)

Property Details

MLS®: E14116910
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 60 × 159 ft (9,540 sq ft)
Frontage: 60 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $5,022/yr
Listed: 9 days ago

Rooms

Main level

Living room: 4.17 x 4.44 meters
Kitchen: 2.88 x 5.36 meters
Primary Bedroom: 3.01 x 3.28 meters
Bedroom 2: 2.79 x 3.33 meters
Bedroom 3: 3.51 x 3.56 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Concrete
Exterior: Brick, Brick Facing

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Rouge) listings, avg age

54d

Price / ft²

$777

List price

$699K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Toronto (Rouge) has been listed for 9 days, which is 45 days fresher than the city average of 54. Act while there is still low competition.

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Listed by RE/MAX CROSSROADS REALTY INC. · CAMMERSON PATHMARATNAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1C)

This home lists at $699,000, about 5.4× the local median household income of $130,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $130,000
Population: 35,642
Median age: 44.4
Owner / renter: 89% / 11%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA M1C)

$699,000· $777/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$419/mo

Total monthly$4,045

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$20,910

Est. closing costs$4,597

Total cash needed$70,407

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