$899,900
297 JONES ROAD
Beds
6
Baths
4 full + 1 half
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Marmora and Lake (Marmora Ward). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Amazing investment! An exceptional opportunity awaits with these versatile semi-detached raised bungalows set on a picturesque 7.9-acre country property. Ideal for investors, multi-generational living, or homeowners seeking rental income-live in one unit and rent the other. Each unit is fully self-contained and equipped with separate hydro meters (200-amp service each), individual heat pumps, private entrances, and separate laundry facilities. Bonus high speed Bell Fibe internet! Unit #1 features a bright main level with 3 bedrooms, a full bathroom, and an open-concept living, dining and kitchen area with sliding doors leading to a four-season sunroom with walkout to a deck and a convenient side door provides access to the yard. The walk-out lower level offers additional living space including a large rec room with wood-burning stove, a spacious den, a fourth bedroom, and a 3-piece bathroom. This unit has main floor laundry and central air conditioning. Unit #2 includes a main-level kitchen, living area, and bedroom, while the lower level offers a second bedroom, a large rec room and 2 pc. washroom providing a comfortable layout for tenants or extended family. This unit has air conditioning via the heat pump and lower level laundry. The property is well-equipped with a drilled well approximately 80 ft deep (never run out of water) and features exceptional outbuildings, including a 30' x 40' detached workshop and a 25' x 30' garage, both with 100-amp service-perfect for hobbies, storage, or business use. The workshop, garage, and house have steel roofs. Enjoy spectacular views from the sunroom and decks, along with mature fruit trees including plum, apple, and pear. A large circular driveway with parking for up to 20 vehicles adds further convenience. Ideally located just 4 minutes to town, this property offers the perfect balance of peaceful country living with close-to-town convenience. A rare opportunity with endless potential! (id:65958)
- Subtype
- Single Family
- Architectural style
- Raised bungalow
- Structure
- House
- Community
- Marmora Ward
- Lot dimensions
- 393.9 x 945.6 FT ; Lot Size Irregular-See Realtor Remarks
- Bedrooms
- 4 above grade, 2 below grade
- Parking
- 12 total
- Stories
- 1
- Fireplace
- 1
- On market
- Apr 24, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $4,037 (2026)
- Photos
- 49
- MLS#
- X13040956
- Area
- MARMORA_AND_LAKE_(MARMORA_WARD)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Community
Utilities
Cash on cash
-6.60%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,542
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.