10486 Iona Rd is a 3-bedroom, 4-bathroom rural home in Southwold, listed for $2,499,999. It has 3000-3500 sq ft of living space.
1This private retreat features a cozy fireplace, two massive walk-in closets, a spa like ensuite, and an attached four season sunroom with its own built-in breakfast/coffee bar overlooking panoramic sunset views.
Set well back off the road near Iona Station and minutes to Highway 401 for an effortless commute, this rare 6 acre country estate blends luxury living, massive utility, and turnkey rental revenue. Both the primary residence and the shop boast striking board and batten exteriors accented by an elegant stone skirt finish, complete with full property security cameras. Uniquely serviced by rare municipal water and natural gas, this is country life without the utility compromises.The main residence offers nearly 6,000 sq ft of finished living space, featuring 5 bedrooms,4.5 bathrooms, a main floor office, formal dining, a walk-in pantry, and main floor laundry.Two main floor bedrooms enjoy private ensuite baths, highlighted by an extraordinary primary wing. This private retreat features a cozy fireplace, two massive walk-in closets, a spa like ensuite, and an attached four season sunroom with its own built-in breakfast/coffee bar overlooking panoramic sunset views. The finished lower level adds immense living space with a sprawling recreation room, full home gym, craft/flex room, two additional bedrooms, and a full bath.Built in May 2023, the nearly 5,000 sq ft detached shop is an entrepreneur's dream, featuring matching board and batten/stone skirt construction, two massive bays, an office, and a second level loft perfect for a commercial trade, fleet storage, or a home-based business.The sprawling 6 acre grounds provide endless options: room for a future pool, pasture potential for animals, and a picturesque pond behind the shop ideal for summer bonfires and winter hockey skates. Adding exceptional investment value, an established detached two storey home on the property currently generates $2,600/month in rental income to substantially offset your mortgage. A premier, turnkey live-work compound.
3 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $833 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this rural home fits your budget and timing.
Inside 10486 Iona Rd
Every detail from the listing, in one place.
Type
Rural Home
Style
Bungalow
Living space
3000-3500 sq ftas stated on the listing
Parking
13 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
13
Interior
Basement
Finished
Lot & land
Lot size (sqft)
6
Listing & possession
Property style
Bungalow
Property class
Rural Residential
10486 Iona Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14152778$2,499,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 10486 Iona Rd Compares to the Southwold Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$12,282
/mo
based on the purchase price of $2,499,999
$500,000 cash
$1,999,999 financed
$1,684,524 total interest
Principal54%$1,999,999
Interest46%$1,684,524
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 10486 Iona Rd
Homes for sale in Southwold
Every active Southwold MLS® listing, updated all day.
Average days on market87Homes sold in about 87 days on average.
Sale-to-list ratio98.2%On average, homes sold below asking.
Active listings68Homes for sale here right now.
Median vs prior 90 days−27.0%Compared with May 9 – Aug 7, 2026: prices down.
Based on 21 sales from Aug 7 – Nov 5, 2026 (17 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 10486 Iona Rd
How much is 10486 Iona Rd listed for?
10486 Iona Rd is listed at $2,499,999 (MLS® X14152778). Summitly updates the price as soon as the MLS® record changes.
Is $2,499,999 a good price for 10486 Iona Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Southwold. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 10486 Iona Rd changed?
No — 10486 Iona Rd is still listed at its original asking price of $2,499,999.
How many bedrooms and bathrooms does 10486 Iona Rd have?
10486 Iona Rd has 3 bedrooms and 4 bathrooms, with about 3,000–3,500 square feet of living space. It is a rural home in Southwold.
How much would the monthly mortgage be on 10486 Iona Rd?
About $12,282 a month — principal and interest on $2,499,999 with 20% down ($500,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 10486 Iona Rd compare with other homes in Southwold?
Its asking price of $2,499,999 is about 307% above the median sold price in Southwold over the last 90 days, $615,000, across 21 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 10486 Iona Rd been sold before?
Summitly has no earlier MLS® sale or lease of 10486 Iona Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 10486 Iona Rd?
10486 Iona Rd is in Southwold, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 10486 Iona Rd been on the market?
10486 Iona Rd was listed today (November 5, 2026).
What is the price per square foot of 10486 Iona Rd?
About $714 to $833 per square foot: the asking price of $2,499,999 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 10486 Iona Rd have parking or a garage?
Yes — the listing gives 13 parking spaces. Garage: Yes.
Does 10486 Iona Rd have a basement, and is it finished?
