$510,000

For sale

502788 Grey Road 1, Georgian Bluffs - Single Family for Sale

502788 Grey Road 1, Georgian Bluffs, Ontario, N0H2T0

2 beds2 baths9 parking1,300 ft²100 × 165 ft (16,500 sq ft) lot sizeListed 42 days ago

Overview

This 2-bedroom, 2-bathroom home in Georgian Bluffs is for sale offering roughly 1,300 sq ft of space. Listed at $510,000, it is attractively priced about 34% below the $775,000 median asking price in Georgian Bluffs. It has been on the market 42 days, fresher than the Georgian Bluffs average of 105 days.

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Description

BEAUTIFUL WATER VIEW HOME! Surrounded by nature and just down the road from the breathtaking Skinner's Bluff Lookout and Wiarton Bluffs Golf Club, this solid Pan-Abode raised bungalow offers the perfect blend of comfort, privacy, and scenic beauty. Whether you're looking for a year-round home/cottage, or peaceful retirement property, this one is well worth a look. The bright main floor features an eat-in kitchen with a cozy sitting area, propane fireplace, and large front windows showcasing the water views. A comfortable family room, primary bedroom with beautiful water views and a huge walk-in closet, additional bedroom, and updated 4-piece bath. Downstairs offers a spacious rec/living room with a walkout to the backyard and attached garage, along with laundry and an updated 2-piece bath. Additional improvements and upgrades from 2022 to present include new vinyl flooring on the main floor, rebuilt lower-level entrance, new washer and dryer, water heater, pressure tank, UV system and filtration, plus a freshly painted exterior (2026), new downspouts, and gravel driveway. Set on a generous lot with water access just across the road, surrounded by mature trees and beautiful lilac bushes, this move-in ready home is a fantastic opportunity to enjoy the best of Bruce Peninsula living. (id:66096)

Property Details

MLS®: X13831002
Property Type: Single Family
Zoning: NEC
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 9
Interior Size: 1,300 ft²
Lot Size: 100 × 165 ft (16,500 sq ft)
Frontage: 100 ft
Storeys: 1
Style: Raised bungalow
Basement: Full, Walk out
Heating: Baseboard heaters, Electric, Propane
Cooling: None
Garage: Attached Garage, Garage
Fireplace

Rooms

Main level

Kitchen: 5.97 x 4.25 meters
Primary Bedroom: 3.92 x 3.48 meters
Other: 3.92 x 3.48 meters
Sitting room: 4 x 2.94 meters
Bedroom: 2.93 x 2.66 meters
Bathroom
Foyer: 4.22 x 1.3 meters

Lower level

Living room: 6.3 x 5.29 meters
Bathroom: 2.58 x 2.05 meters
Mud room: 3.46 x 2.07 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water purifier, Water softener, Stove, Dryer, Water Treatment, Water Heater
Foundation: Block
Exterior: Wood, Log
Lot Features: Wooded area, Sloping, Backs on greenbelt, Conservation/green belt

Services

Water: Shared Well
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Georgian Bluffs listings, avg age

105d

Price / ft²

$392

List price

$510K

Homes here sell slower than most markets

Sold homes in this market spent an average of 63 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Georgian Bluffs has been listed for 42 days, which is 63 days fresher than the city average of 105. Act while there is still low competition.

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Listed by Royal LePage Estate Realty · DONNA HARB

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $510,000, about 5.9× the local median household income of $86,000.

Carrying it typically needs a household income of about $99,621 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.

Median household income: $86,000
Population: 53,674
Median age: 52.8
Owner / renter: 86% / 14%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N0H)

$510,000· $392/ft²

For sale

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Full Cost Breakdown

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Down Payment5.10% · $26,000

Min 5.10%50%

Mortgage payment$2,683/mo

↳ CMHC premium ($19,360 capitalized)

Property tax (est.)$246/mo

Total monthly$2,929

Cash Needed to Close

Down payment (5.10%)$26,000

Land transfer tax$6,675

Est. closing costs$4,030

Total cash needed$36,705

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