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Listed 26 days ago

4 Island Lake Road

Rural Mono, Mono

$1,999,000

Detached|Bungaloft
4 | 4 | 10
About this home

Welcome to 4 Island Lake Road, an impressive 4+1 bedroom bungalow with loft nestled in the prestigious Island Lake Estates community of Mono. Offering exceptional space and a versatile layout, this home is ideally suited to large, extended or multi-generational families. The main level features expansive principal rooms, hardwood flooring, a dedicated home office and two bedrooms, including the spacious primary retreat complete with a luxurious 5-piece ensuite. At the heart of the home is the large entertainer's kitchen featuring stainless steel appliances, generous space for family and friends to gather and a walkout to the deck for seamless indoor-outdoor living and entertaining. Upstairs, the loft level offers two additional bedrooms and a 4-piece bathroom, creating a private and functional space for children, guests or extended family. The finished walkout lower level adds another impressive dimension to the home, featuring an additional bedroom, an expansive recreation room with additional office/workspace, a separate exercise room and a storage room/wine cellar. With a walkout to the property, this level offers outstanding flexibility for recreation, working from home, guests or multi-generational living. Located in sought-after Island Lake Estates, this beautiful estate community is surrounded by nature and an extensive network of trails, with convenient access to Island Lake Conservation Area and its hundreds of acres of protected greenspace, lake and recreational opportunities. Enjoy the tranquility and space of estate living while remaining just minutes from Orangeville's shopping, restaurants, schools and amenities. A rare combination of location, lifestyle and an exceptionally versatile floor plan with room for the entire family.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungaloft
Approx. Age16-30
Size3000-3500 sq. ft.
Property Tax$9,324
Lot Size132.09 ft x 210.77 ft
mls© NumberX13825102
Listed ByCENTURY 21 MILLENNIUM INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,232
Property tax
$777
Heat allowance
$150
Housing costs
$11,159 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $399,800
25-yr amortization

Income needed

$343,000

gross annual household income

Payment at 4%
$8,412 / mo
Cash down
$399,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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