245 Wallace Island, Leeds and the Thousand Islands, ON K0E 1L0
04 - The Islands, Leeds and the Thousand Islands · Near SOUTH SIDE OF WALLACE ISLAND FACING HILL ISLAND · View map
About this home
Rarely does a property combine luxury finishes, unmatched docking, spectacular views, and exceptional privacy in one of the St. Lawrence River's most sought-after island locations. A truly one-of-a-kind Thousand Islands waterfront estate. Experience exceptional island living on this spectacular 2.5-acre private island in the heart of the Thousand Islands. Extensively renovated, this turnkey waterfront retreat offers luxury, privacy, and world-class boating. The beautifully redesigned cottage features two primary suites with ensuites, a custom chef's kitchen with premium appliances, open-concept living spaces, spa-inspired wellness area with steam shower, sauna, hot tub, Sonos audio, Starlink internet, and seamless indoor/outdoor living with panoramic 230-degree river views. A boater's dream, the property boasts approximately 115 feet of PVC docking, a double boathouse with two lifts, four Sea-Doo lifts, protected concrete docks, a unique hidden creek marina, and an additional deep-water south dock. Extensive landscape lighting professionally designed outdoor entertaining areas, irrigated grounds, and low-maintenance construction complete this remarkable offering. You have earned a remarkable get-a-way property with stunning views of the river, the international bridge lite up at night and a summer home set amongst some of the most beautiful homes on the St Lawrence River, do not let this opportunity drift by
The home
- Type
- 2-storey detached home
- Style
- 2-Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 4
- Bathrooms
- 4
- Kitchens
- 1
- Rooms
- 12
- Basement
- None, Crawl Space
- Lot size
- 1165 x 649.6 ft
- Faces
- South
- View
- Trees/Woods, River, Bridge
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Hardboard
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Heat Pump
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Total parking
- None
- Parking features
- Private
Taxes & other
- Property taxes
- $10,128/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- FLEXIBLE
- Cross street
- SOUTH SIDE OF WALLACE ISLAND FACING HILL ISLAND
- Neighbourhood
- 04 - The Islands
More
- Price per sq ft
- ~$1,200 (at 2,250 sq ft)
- MLS® number
- X13638040
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The home and its surroundings
- Carpet Free
- Primary Bedroom - Main Floor
- Deck
- Fishing
- Hot Tub
- Landscape Lighting
- Landscaped
- Seasonal Living
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
245 Wallace Island, Leeds and the Thousand Islands, ON K0E 1L0
04 - The Islands, Leeds and the Thousand Islands · Near SOUTH SIDE OF WALLACE ISLAND FACING HILL ISLAND
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Listing history for 245 Wallace Island
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 245 Wallace Island
Answers come straight from this home’s MLS® listing.
How much is 245 Wallace Island listed for, and what would it cost each month?
245 Wallace Island is listed for $2,699,000. With 20% down ($539,800), the mortgage payment would be roughly $10,887 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $11,731 a month, all in. That figure is an illustration, not a quote.
Is 245 Wallace Island freehold or a condo, and is there a monthly fee?
245 Wallace Island is a 2-storey detached home in 04 - The Islands, Leeds and the Thousand Islands. 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 245 Wallace Island have?
245 Wallace Island has 4 bedrooms and 4 bathrooms.
Does 245 Wallace Island have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
Does 245 Wallace Island have a finished basement?
The listing describes the basement as none, crawl space.
What style of home is 245 Wallace Island?
245 Wallace Island is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 245 Wallace Island, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 1165 x 649.6 ft.
How is 245 Wallace Island heated and cooled?
Heating is heat pump (electric). Cooling is central air.
What are the property taxes for 245 Wallace Island?
Property taxes are $10,128 a year (2025), or about $844 a month.
Where is 245 Wallace Island?
245 Wallace Island is in the 04 - The Islands community of Leeds and the Thousand Islands. The nearest main intersection is SOUTH SIDE OF WALLACE ISLAND FACING HILL ISLAND. The postal code is K0E 1L0.
Is 245 Wallace Island still for sale?
Yes. It is an active listing (MLS® X13638040). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 245 Wallace Island asking?
Similar detached homes for sale nearby right now include 1354 County 2 Road at $2,800,000 (4 bed), 1 LITTLE GRENADIER Island at $2,649,000 (8 bed) and 0 Zavikon Island at $2,500,000 (12 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 245 Wallace Island 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 245 Wallace Island?
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 04 - The Islands, picked by style, size and price.
2-storey detached home$2,800,0001354 County 2 Road, Leeds and the Thousand Islands4 bed · 3 bath · 823 - Front of Escott TwpCourtesy of: ROBIN HOOD REALTY LIMITEDView home →
2-storey detached home$2,649,0001 LITTLE GRENADIER Island, Leeds and the Thousand Islands8 bed · 5 bath · 824 - Rear of Leeds - Lansdowne TwpCourtesy of: HAUS COLLECTION REALTY LIMITEDView home →
3-storey detached home$2,500,0000 Zavikon Island, Leeds and the Thousand Islands12 bed · 4 bath · 823 - Front of Escott TwpCourtesy of: REMAX BOARDWALK REALTYView home →Courtesy of: REDMOND REALTY LTD., BROKERAGE
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.