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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 13 days

    285 Wallace Island

    The Islands·Lansdowne, ON·K0E 1L0·Near IVY LEA & 1000 ISLANDS PARKWAY

    • 4 beds
    Lansdowne real estate›X12271437
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Escape to your own private retreat on beautiful Wallace Island! This fully renovated 2 bedroom, 2 bathroom cottage offers the perfect blend of comfort, style, and island charm. This wonderful property has level grounds which are very rare to the Islands, deep, clean water and ample dockage, it's an ideal haven for boaters, swimmers, and those seeking a peaceful waterfront lifestyle. The main cottage features a bright, open-concept living space with updated finishes, modern kitchen, and expansive windows that bring the outdoors in. The large primary suite has vaulted ceilings, loads more windows letting in the natural light, as well as its own ensuite. There is another comfortable sized bedroom and full bathroom with shower/tub combo. Outside on the massive deck there is a covered area which can be fully screened in at the touch of a button. A separate 2 bedroom bunkie adds fantastic extra space for hosting family and friends. Whether you're entertaining on the spacious deck, relaxing by the firepit, or enjoying the calm waters off the dock, this property delivers the ultimate cottage experience.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 8, 2025ListedCurrentFor sale$929,900 —X12271437This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Other
      Air conditioning
      Window Unit(s)
      Water source
      Other
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 285 Wallace Island
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $4,568
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $570
    0.74% mill rate · ON
    The market

    How this home sits in the Lansdowne market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Lansdowne market right now

    Average sold price, days on market, and closed-transaction count for Lansdowne — sourced from MLS®.

    • Avg sold price
      —
      Last 30 days
    • Median sold price
      —
      Middle of the market
    • Days on market
      0 d
      Avg from list to close
    • Closed last 30d
      0
      MLS® transactions
    Full Lansdowne market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 285 Wallace Island — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 285 Wallace Island and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 285 Wallace Island listed for?

      285 Wallace Island is listed at $929,900 on the MLS® (listing X12271437). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 285 Wallace Island have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 3 baths
  2. 1100-1500 sqft
  3. Detached
  4. Asking
    $929,900
    $0 / sqft · MLS® X12271437
    Chat Zara
  5. Zara AI Estimate
    Live valuation

    Not enough neighbourhood comparable data yet to estimate this listing. Chat with Zara for a private valuation.

    Ask Zara
    Market analytics

    Homes like this in Lansdowne sell in about 0 days — this one has been listed 13 days.

    Avg sold price
    —
    Median sold
    —
    Avg days on market
    0
    Recently sold
    0
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    The main cottage features a bright, open-concept living space with updated finishes, modern kitchen, and expansive windows that bring the outdoors in.
  6. The large primary suite has vaulted ceilings, loads more windows letting in the natural light, as well as its own ensuite.
  7. Outside on the massive deck there is a covered area which can be fully screened in at the touch of a button.
  8. Whether you're entertaining on the spacious deck, relaxing by the firepit, or enjoying the calm waters off the dock, this property delivers the ultimate cottage experience.
  9. Ask Zara a follow-up
    Septic
  10. Parking & garage

    2
    Garage
    None
    Parking spaces
    0
  11. Interior

    4
    Basement
    None
    Family room
    Y
    Kitchens
    2
    Total rooms
    11
  12. Exterior & construction

    5
    Exterior
    Vinyl Siding
    Roof
    Asphalt Shingle
    Foundation
    Piers
    Waterfront
    Y
    Pool
    None
  13. Listing & possession

    3
    Possession
    2025-07-31T00:00:00.000-00:00
    Property style
    Bungalow
    Property class
    Detached
  14. Combined estimate
    $5,138
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $4,568
    /mo
    based on the purchase price of $929,900
    $185,980 cash
    $743,920 financed
    $626,576 total interest
    Monthly payment$4,568/ month
    Principal54%$743,920
    Interest46%$626,576

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Lansdowne

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 423 Ash Island
      Sold
      Sign in for price
      423 Ash Island
      Detached
    • 112 Shady Lane
      Sold
      Sign in for price
      112 Shady Lane
      Detached
    • 2060 BLUE MOUNTAIN Road
      Sold
      Sign in for price
      2060 BLUE MOUNTAIN Road
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    285 Wallace IslandThis home4 / 311,001,500$929,900ask———
    423 Ash Island3 / 21,100—
    112 Shady Lane3 / 31,100—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  15. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  16. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  17. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  18. Public listing courtesy of CENTURY 21 KEYES REAL ESTATE LTD., BROKERAGE · displayed on Summitly per MLS® data-share rules

    285 Wallace Island is a 4-bedroom, 3-bath, 1100-1500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  19. When was 285 Wallace Island built?

    The year built for 285 Wallace Island isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  20. What is the property tax for 285 Wallace Island?

    The 'Property tax' tab in the History section shows the most recent annual tax for 285 Wallace Island plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  21. How much would the monthly mortgage be on 285 Wallace Island?

    The affordability calculator on this page shows an estimated monthly mortgage for $929,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  22. Has 285 Wallace Island been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 285 Wallace Island with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  23. What neighbourhood is 285 Wallace Island in?

    285 Wallace Island is in The Islands, Lansdowne. The 'Neighbourhood' section below links to the live Lansdowne real estate hub with average sold price, days on market, and current inventory.

  24. Is Lansdowne a good place to live?

    Lansdowne is one of ON's actively-tracked Summitly markets. The full Lansdowne real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  25. 2060 BLUE MOUNTAIN Road
    5 / 2
    1,900
    —