183 Island Road, Toronto, ON
Rouge E10, Toronto · MLS® E13159116
About this home
Rare Opportunity In The Highly Sought-After West Rouge Community! This solid brick detached bungalow sits on a premium 65' x 125' lot, perfectly blending functional layout with endless potential. The bright main floor features a spacious living room with a cozy fireplace, a breakfast with a walk-out to a large deck, and three generous bedrooms. The fully finished basement boasts a separate entrance, a full kitchen, and two extra bedrooms-ideal for multi-generational living or an in-law suite. Enjoy a private, fully fenced backyard oasis with a swimming pool. Located in a top-tier school district (West Rouge Jr PS, Sir Oliver Mowat CI) and steps to the Rouge National Urban Park, Rouge River, and the beach. A commuter's dream-just 5 minutes to the 401 and Rouge Hill GO Station. Move in now. Fully renovated 3+4 bedrooms in 2024. One car garage plus 6 parking spaces outside. New: roof, fence and huge deck. All house has new electrical and was upgraded to 200A panel + sub panel in the basement. This house has new ducts, new high efficiency furnace and air conditioner, new tankless water heater. Full 4 bathrooms (2 + 2)with heated floors. Lots of storage space. Two new kitchens, two washers and two dryers. All new top appliances and CB2 light fixtures. Entrance has new door with super lock and camera, heated marble floor. Cameras outside. Tenants can stay or move out.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13159116
- Bedrooms
- 7 (3 + 4)
- Bathrooms
- 4 (1 half)
- Size
- 1100-1500
- Lot
- 65 × 125 ft
- Cross streets
- Rouge Hills and East Ave
- Parking
- 1 garage · 7 parking (built-in)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $4,650 / 2025
- Days on market
- 57
- Listing brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Sir Oliver Mowat Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. East Ave at Island Rd is about a 4-minute walk away.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Heated floors: comfort and a premium-finish signal.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Income potential
- Value driver
- Lifestyle
- Weigh carefully
56 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rouge E10, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: East Ave at Island Rd, about 319 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $999,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,332
- Property tax
- $388
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,720
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,455
- Toronto municipal land transfer tax
- $21,455
- Estimated closing costs
- $42,910
Plus your down payment of $249,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $319,926
- Principal paid down
- $127,248
- Interest paid
- $192,678
- Balance remaining
- $871,952
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY. MLS®/PropTx.