Panoramic bay views from a raised bungalow on almost an acre

Property details for 502754 Grey Road 1, Georgian Bluffs

Type: Residential
Style: Raised bungalow
Bedrooms: 6
Bathrooms: 3
Lot Size: 200 x 160 FT
Stories: 1
Basement: Finished, Full, Walk out, N/A
Parking: Detached Garage, Garage
Heating: Heat Pump, Baseboard heaters, Electric, Propane, Wood
Exterior: Stone, Vinyl siding
Ownership: Freehold
Annual Taxes: $4,921

The view from the main living area is the first thing you'll notice, and it doesn't let up. Huge windows frame Colpoys Bay and the Niagara Escarpment, and the open-concept kitchen, dining, and living space flows right out to a patio. The kitchen has quartz counters and a big eating area. This raised bungalow has 6 beds and 3 baths across two levels, with 4 bedrooms up and 2 down. The main floor primary suite has its own walkout to the yard, and there are two smaller rooms that could be offices or hobby spaces. Downstairs, a walkout basement has a family room with a wood fireplace, two more bedrooms, a full bath, and a laundry room. There are multiple entrances, accessible ramps and lifts, and steel handrails, so multi-generational living or guests with mobility needs are covered. Outside, you get almost an acre (200 x 160 FT) of landscaped grounds, a detached two-car garage, and parking for 12 vehicles. The property backs onto the escarpment, so there's wildlife and privacy. Heating is a mix of heat pump, baseboard, and wood, with propane for backup. Septic system, well, and fiber internet are already in place. You're 10 minutes to Wiarton and about 25 to Owen Sound. Taxes are $4,921.18 annually. It's listed at $799,000, which is in line with the only other two active listings in the area. Being on the market for 55 days with no recent sales nearby, there might be some room to negotiate.

About 502754 Grey Road 1, Georgian Bluffs — Property Score

Spacious Great Location Well Priced

Score: 66/100

Value

Priced 45.8% below area median of $1,474,450 based on 12 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

6 bedrooms - 3 more than similarly priced 3-bedroom homes nearby 96

3 bathrooms - 1 more than similarly priced properties nearby 72

32,000 sqft lot - an oversized lot for the area 90

Location

$67K median household income - near the Canadian average of $70K 64

87% of residents hold postsecondary credentials - a highly educated neighbourhood 94

94% homeownership rate - indicating a stable, owner-occupied community 96

64% of residents commute under 30 minutes - excellent commuter accessibility 81

17/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 67 days on market 100

-56.8% median price change over 1 month - declining prices in the area 1

115 months of housing supply - 115 active listings with 1 sold last month (buyer's market) 40

Features

12-car garage - more than the area average of 8.5 spots 95

Finished, Full, Walk out, N/A basement - adds valuable living space 85

baseboard heating throughout 55

No cooling system listed - common in cooler climate areas 30

View - premium features that add significant value 60

Investment

0.62% effective tax rate ($4,921/yr) - below the Canadian average of ~1% 81

4% renter population - primarily owner-occupied area 34

Quality

Condition

Listing

48 photos provided - 12% more than the area average of 43 photos 92

5 of 7 key property details provided (71%) - good detail coverage 76

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.