Residentiae.
For Sale · Toronto

2928 HIGHWAY 118 EAST

Toronto · P1L1X1

$699,000

3Bedrooms
3Bathrooms
10Parking
1,100Sq Ft
1Storeys

About this residence

Welcome to 2928 Highway 118 East, a raised bungalow offering incredible potential and exceptional value on a massive, private 16.3-acre parcel of land. Conveniently located near Highway 118 East and Oakley Cres, and just minutes outside of Bracebridge, this property is a rare find for buyers looking for space, privacy, and an opportunity to add your finishing touches and truly make it your own. This 1,400 square foot above-grade home features a spacious layout on the main level, highlighted by a bright living room centered around large windows overlooking the greenery. The living space flows into a dedicated dining area and an expansive kitchen with plenty of cabinet storage, which steps directly out to a sunroom and a full-width deck. The main floor offers 3 bedrooms, including a primary bedroom with 3 piece ensuite. There's an attached oversize 2-car garage that currently doubles as a workshop / man cave and a long driveway with plenty of parking. With great bones and a solid structure built in 1989, this property is a classic diamond in the rough. While the main living level is highly functional, it awaits your modern updates and cosmetic design choices. The lower walk-out level is a true blank canvas with an in-law capability setup, featuring a lower-level kitchenette and 3 piece washroom. The basement living spaces provide the perfect opportunity to completely redesign the entire footprint into a custom recreation room, an income suite, or additional bedrooms to maximize your investment. Outside, the sprawling acreage provides a scenic, heavily treed backdrop with a wide-cleared yard immediately surrounding the home, offering unparalleled privacy that smaller acreage parcels simply cannot match. Opportunities to secure over 16 acres of land at this price point in the Bracebridge area are few and far between. (id:61366)

Property details

Property type
Single Family
Style
House
Ownership
Freehold
Bedrooms
3 (3 above)
Bathrooms
3
Storeys
1
Living area
1,100–1,500 sq ft
Lot size
160 x 954 FT ; IRREGULAR
Frontage
160 feet
Parking
10 spaces
Annual tax
$2,666
MLS®
X13412872
Board
Toronto
Status
Active
Listed
Jun 8, 2026
Updated
Jun 8, 2026

Room dimensions

RoomLevelDimensions
Living roomMain level5.5 × 4.267 m
Dining roomMain level3.65 × 2.75 m
KitchenMain level4.26 × 3.81 m
SunroomMain level3.5 × 3.5 m
Primary BedroomMain level4.57 × 0.812 m
Bedroom 2Main level4.26 × 2.74 m
Bedroom 3Main level3.14 × 3.05 m
WorkshopBasement1 × 11 m
OtherBasement1 × 1 m

Features & finishes

Heating

  • Forced air
  • Electric

Basement

  • Partially finished

Exterior

  • Aluminum siding
  • Vinyl siding

Parking

  • Attached Garage
  • Garage

Lot

  • Irregular lot size

Sewer & Utilities

  • Septic System

Architecture

  • Raised bungalow

Financing

Mortgage calculator

Estimated monthly payment

$3,269/mo

Amortization

Loan amount

$559,200

Down payment

$139,800

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Toronto

About the area

Census · P1L
17,984
Population
51
Median age
$86,000
Median income
$600,000
Median home value
80%
Home ownership
24 min
Avg. commute

Age distribution

0–14
13%
15–24
9%
25–44
21%
45–64
29%
65+
28%

Tenure

80% owners20% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 2928 HIGHWAY 118 EAST?

2928 HIGHWAY 118 EAST is listed for $699,000, in Toronto.

How many bedrooms and bathrooms does 2928 HIGHWAY 118 EAST have?

It offers 3 bedrooms and 3 bathrooms.

What type of home is 2928 HIGHWAY 118 EAST?

2928 HIGHWAY 118 EAST is a Single Family, House set over 1 storey.

How large is 2928 HIGHWAY 118 EAST?

The home offers approximately 1,100–1,500 sq ft of living space on a lot measuring 160 x 954 FT ; IRREGULAR.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,269. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $2,666 per year.

Is there parking?

Yes — 2928 HIGHWAY 118 EAST includes 10 parking spaces.

What is the Toronto area like?

Toronto has a population of about 17,984, a median age of 51, a 80% home-ownership rate, with an average commute of about 24 minutes.

What is the average home value in Toronto?

The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.

What is the median household income in Toronto?

The median household income in this area is approximately $86,000.

Private viewings

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