2 Island Lake Road, Mono, ON

$1,949,900
MLS#:X13110938
4 beds
3 baths
2000-2500 sqft
7.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Mono. Expertly crafted featuring premium hardboard and stone construction, this residence presents an exceptional opportunity offered at $1,949,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 3 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 150.84 x 222.65 ft lot
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Spectacular 3/4 acre corner lot just steps from the scenic trails of Island Lake Conservation, a beautifully maintained bungalow offers the perfect blend of luxury, comfort, and outdoor living. The curb appeal is undeniable w/ manicured gardens, rockery, landscaping, and a charming covered front porch complete w/ porch swing. The backyard is equally impressive, featuring a massive composite deck for entertaining and a private firepit area surrounded by mature greenery. Inside, the spacious foyer opens into an open-concept main flr designed for both everyday living and entertaining. Rich hardwood flrs, soaring 9 ft ceilings, elegant modern lighting, and a cozy gas f/p create a warm yet sophisticated atmosphere throughout the living/dining areas. A w/o from the living space leads to the expansive rear deck, extending your living space outdoors. The heart of the home is the beautifully appointed kitchen, perfectly open to the main living area and featuring granite counters, a breakfast bar, custom backsplash, pot lights, and an abundance of cabinetry and prep space for the avid cook. The main lvl offers 3 generously sized bdrms. The 2 secondary bdrms feature double closets and share a well-appointed 3 pc bath. Privately tucked away, the primary suite occupies its own wing and serves as a luxurious retreat w/ w/i closet, and spa-inspired 5 pc ensuite w/ double sinks, a soaker tub, and w/i shower. Convenience continues w/ a spacious laundry/mudroom offering a w/o to the yard, double closet storage, and direct access to the oversized 2.5 car garage. The recently finished lwr lvl adds living space w/ a large rec rm featuring cork flooring, a stylish wet bar, and w/o to the backyard. A bright 4th bdrm and new 4 pc bath make this lvl ideal for guests or extended family. An exercise rm, office, and dedicated storage rm complete this impressive lwr lvl. A rare opportunity to enjoy refined country living in an unbeatable location close to nature, recreation, and commuter routes

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Key Features

Bedrooms
4
Bathrooms
3
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date5/11/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionHardboard, Stone
BasementFinished with Walk-Out
Lot Size150.84 × 222.65 Feet
CountyDufferin
Annual Tax$8,746.18
Legal DescriptionLOT 20, PLAN 7M27, MONO. S/T EASE FOR ENTRY AS IN DC55725

Parking & Garage

Parking Spaces7.0
Garage Spaces5
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Golf, Hospital, Lake/Pond, Rec./Commun.Centre, Skiing

Interior Features

Primary Bedroom - Main Floor

Security Features

Community Features

Location

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2 Island Lake Road, Mono, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 2 Island Lake Road, Mono, ON L9W 5K6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Mono.

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Interest Rate5.25%
Down Payment$389,980 (20.0%)
* Minimum Canadian down payment required for this price is $389,980.
Amortization Period25 Years
Estimated Monthly Payment$9,296Based on a loan of $1,559,920 over 25 years.
Purchase Price$1,949,900
Loan Amount$1,559,920
Provincial Land Transfer Tax:$35,473
Total Estimated Closing Taxes:$35,473

About Purchasing a Home in Mono, ON

For a property listed at $1,949,900 in Mono, the legal minimum down payment is $389,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $35,473 for this transaction. As this listing is in Mono (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $35,473.

Nearby Listings

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No current listings found in Mono.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Mono, Mono.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,578,704

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Mono-Amaranth
Public246303 Hockley Road, Mono, Ontario, L9W 6K4
6.7

Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.