2928 HIGHWAY 118 EAST
Toronto · P1L1X1
$699,000
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
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 5.5 × 4.267 m |
| Dining room | Main level | 3.65 × 2.75 m |
| Kitchen | Main level | 4.26 × 3.81 m |
| Sunroom | Main level | 3.5 × 3.5 m |
| Primary Bedroom | Main level | 4.57 × 0.812 m |
| Bedroom 2 | Main level | 4.26 × 2.74 m |
| Bedroom 3 | Main level | 3.14 × 3.05 m |
| Workshop | Basement | 1 × 11 m |
| Other | Basement | 1 × 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
Estimated monthly payment
$3,269/mo
Loan amount
$559,200
Down payment
$139,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Toronto
Nearby
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
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently 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.
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