3-Bedroom Bungalow on 3.2 Acres Near Murphy's Point

Property details for 504 Kenyon Road, Tay Valley

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 300 x 468.4 FT
Stories: 1
Basement: Finished, Full
Parking: Attached Garage, Garage, Inside Entry
Heating: Heat Pump, Electric, Propane
Cooling: Central air conditioning, Air exchanger
Exterior: Wood
Ownership: Freehold
Annual Taxes: $2,865 (2025)

Just 6.5 km from Murphy's Point Provincial Park and a quick 10-minute drive into downtown Perth, this 3.2-acre property sits pretty on a quiet country lane. The wood-sided bungalow has been keeping its 3 bedrooms and 2 bathrooms in shape, with the main floor holding a primary bedroom, full bath, and laundry for easy single-level living. Natural light pours through the open-concept living and dining area, where a propane fireplace does double duty for chilly evenings. You'll spend mornings on the screened-in porch catching the breeze through mature trees. Downstairs, the full finished basement adds a third bedroom, 3-piece bath, family room, and utility space, all accessible from the attached garage with inside entry - nice for unloading groceries in bad weather. The lot runs 300 feet wide and deep enough to explore, with room for gardens or a workshop. It's priced at $699,000, which lines up with the few other active listings nearby, and given the 12-day average market time around here, places like this don't sit long. Electric heat pump and backup propane keep things cozy without nickel-and-diming you, and central air handles the summer. With schools 6-7 km out and Perth's shops and restaurants within a 10-minute drive, you get country privacy without being stranded. Taxes run $2,865 a year. If you want a weekend retreat that could double as a full-time home, this one's worth a look.

About 504 Kenyon Road, Tay Valley — Property Score

Great Location Hot Market

Score: 71/100

Value

Priced 9.5% below area median of $772,000 based on 38 comparable properties nearby 84

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

140,520 sqft lot - an oversized lot for the area 90

Location

$91K median household income - above the Canadian average of $70K 76

90% of residents hold postsecondary credentials - a highly educated neighbourhood 97

90% homeownership rate - indicating a stable, owner-occupied community 93

74% of residents commute under 30 minutes - excellent commuter accessibility 89

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

Market

Just listed - area average is 32 days on market 100

+23.9% median price change over 1 month - rising prices in the area 100

17 months of housing supply - 51 active listings with 3 sold last month (buyer's market) 40

Features

7-car garage - area average is 8.3 spots 95

Finished, Full basement - adds valuable living space 85

Heat Pump, Electric, Propane 50

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.41% effective tax rate ($2,865/yr) - very low tax burden 88

+15.5% area price change year-over-year - strong appreciation in Tay Valley 100

10% renter population - primarily owner-occupied area 42

Quality

Condition

Listing

50 photos provided - 22% more than the area average of 41 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* 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.