188 Island Road, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rouge E10. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,999 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.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 50 x 110 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Carpet Free, Floor Drain, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this bright and spacious bungalow, where timeless charm meets everyday comfort. Original slim plank hardwood floors add warmth and character throughout, while the sun-filled living and dining room with a cozy fireplace create the perfect space to relax and entertain. Currently situated as a 2 bedroom. This home offers easy conversion back to a 3 bedroom home, if requested as a condition of the new owner, allowing you to shape the space to suit your lifestyle. Step outside to a private backyard, ideal for summer gatherings, garden lovers, or quiet evenings on the patio.The lower level, accessible through both a separate back yard door and an entrance from the garage, features a finished generous size basement complete with recreation room with stone fireplace, a kitchenette, and a 3 pc bathroom, making it perfect for the in-laws or space for extended family. Nestled in a sought after family-friendly neighbourhood, you're just minutes from parks, scenic trails, the waterfront, local dining, shops, TTC, GO transit, and Hwy 401.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Carpet Free, Floor Drain, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned
Security Features
Community Features
Location
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 188 Island Road, Toronto E10, ON M1C 2P8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $849,999 in Toronto, the legal minimum down payment is $60,000 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 $13,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,475 also applies, bringing the total estimated land transfer taxes to $26,950.
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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.
