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242 ISLAND ROAD, Toronto (Rouge) — listed at $699,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.17 x 4.44 meters |
| Kitchen | Main level | 2.88 x 5.36 meters |
| Primary Bedroom | Main level | 3.01 x 3.28 meters |
| Bedroom 2 | Main level | 2.79 x 3.33 meters |
| Bedroom 3 | Main level | 3.51 x 3.56 meters |
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Rouge) before counting on it.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What's the parking situation?+
This property includes 3 spaces — Attached Garage, Garage.
Is 242 ISLAND ROAD a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,022, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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