242 Island Road, Toronto, ON M1C 2R2
Rouge, Toronto · Near Port Union Rd and Island Rd · View map
About this home
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!
The home
- Type
- Detached bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 5
- Basement
- Separate Entrance, Finished
- Lot size
- 60 x 159 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Brick Front
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Garage spaces
- 1
- Driveway spaces
- 2
- Total parking
- 3
- Parking features
- Private
Taxes & other
- Property taxes
- $5,022/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immed./Tba
- Cross street
- Port Union Rd and Island Rd
- Neighbourhood
- Rouge
More
- Price per sq ft
- ~$777 (at 900 sq ft)
- MLS® number
- E14116910
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
242 Island Road, Toronto, ON M1C 2R2
Rouge, Toronto · Near Port Union Rd and Island Rd
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Listing history for 242 Island Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 242 Island Road
Answers come straight from this home’s MLS® listing.
How much is 242 Island Road listed for, and what would it cost each month?
242 Island Road is listed for $699,000. With 20% down ($139,800), the mortgage payment would be roughly $2,820 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,238 a month, all in. That figure is an illustration, not a quote.
Is 242 Island Road freehold or a condo, and is there a monthly fee?
242 Island Road is a detached bungalow in Rouge, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 242 Island Road have?
242 Island Road has 3 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.
Does 242 Island Road have a garage and parking?
Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 2 spaces. In total the listing counts 3 parking spaces.
Does 242 Island Road have a finished basement?
The listing describes the basement as separate entrance, finished. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 242 Island Road?
242 Island Road is a detached bungalow. A detached bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 242 Island Road, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 60 x 159 ft.
How is 242 Island Road heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 242 Island Road?
Property taxes are $5,022 a year (2025), or about $419 a month.
Where is 242 Island Road?
242 Island Road is in the Rouge community of Toronto. The nearest main intersection is Port Union Rd and Island Rd. The postal code is M1C 2R2.
Is 242 Island Road still for sale?
Yes. It is an active listing (MLS® E14116910). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 242 Island Road asking?
Similar detached homes for sale nearby right now include 239 Island Road at $799,000 (4+4 bed), 429 Rouge Hills Drive at $689,800 (3 bed) and 63 Bennett Road at $829,000 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 242 Island Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 242 Island Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Rouge, picked by style, size and price.
Detached bungalow$799,000239 Island Road, Toronto4+4 bed · 4 bath · RougeCourtesy of: LUXURY HOMES WORLD INC.View home →
Detached bungalow$689,800429 Rouge Hills Drive, Toronto3 bed · 2 bath · RougeCourtesy of: ROYAL LEPAGE SIGNATURE REALTYView home →
Detached bungalow$829,00063 Bennett Road, Toronto3+2 bed · 3 bath · West HillCourtesy of: PROPERTY.CA INC.View home →Courtesy of: RE/MAX CROSSROADS REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.