$549,900

For sale

188 Bay Street, South Bruce Peninsula - Single Family for Sale

188 Bay Street, South Bruce Peninsula, Ontario, N0H2T0

2 beds1 bath5 parking900 ft²132 × 132 ft (17,424 sq ft) lot sizeListed 171 days ago

Overview

This 2-bedroom, 1-bathroom home in South Bruce Peninsula is for sale offering roughly 900 sq ft of space. Listed at $549,900, it is attractively priced about 8% below the $599,900 median asking price in South Bruce Peninsula.

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Description

Not ready to commit to a forever home on the Bruce Peninsula? Start here. If you've been thinking about retiring here but aren't quite ready to make the leap, this fully winterized two-bedroom bungalow in the waterfront hamlet of Oliphant offers a chance to experience the lifestyle before committing to something larger or more expensive. Wake up to unobstructed Lake Huron views and end your day with the sunsets this shoreline is known for, all from the comfort of your own deck. Inside, nearly every major update has already been done over the past five years, including the windows, roof, soffit, eavestroughs, water system, flooring, propane fireplace, baseboards, and bathroom. There's nothing waiting on your to-do list-just move in and enjoy it. The open-concept layout, bright sunroom, updated bathroom, and 1,081 sq. ft. floor plan make the home feel comfortable without the upkeep of a larger property. Whether you're looking for weekend escapes or you're ready to spend every season here, this is an easy home to own and enjoy. Sometimes the best way to know if the Bruce Peninsula is where you want to spend your next chapter is to live here first. This four-season home gives you that opportunity in one of the area's most desirable waterfront communities. Sometimes your next chapter doesn't begin with your forever home. It begins with a property that lets you discover where you truly belong. (id:66096)

Property Details

MLS®: X13145546
Property Type: Single Family
Zoning: R2 residential & EH
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 5
Interior Size: 900 ft²
Lot Size: 132 × 132 ft (17,424 sq ft)
Frontage: 132 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Baseboard heaters, Propane
Cooling: None
Garage: Attached Garage, Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Mud room: 3.43 x 0.91 meters
Living room: 6.4 x 5.79 meters
Dining room: 2.28 x 2.84 meters
Kitchen: 2.2 x 2.76 meters
Bedroom: 3.96 x 3.41 meters
Bedroom: 2.36 x 3.35 meters
Bathroom: 1.98 x 2.28 meters
Sunroom: 2.75 x 2.75 meters

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

Features

Foundation: Block
Exterior: Wood, Vinyl siding
Lot Features: Level

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

171d

South Bruce Peninsula listings, avg age

105d

Price / ft²

$611

List price

$550K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 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 94.4 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 South Bruce Peninsula is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX Grey Bruce Realty Inc. · DAWN LEE MCKENZIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $549,900, about 6.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 25% 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)

$549,900· $611/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$294/mo

Total monthly$3,176

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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