$ 749,900

5-Bed Raised Bungalow Under Construction in Ridgecrest, Owen Sound

Property details for 2248 8th Avenue E, Owen Sound

Type
Residential
Style
Raised bungalow
Bedrooms
5
Bathrooms
2
Lot Size
43 x 109.3 FT
Stories
1
Basement
Finished, N/A
Parking
Attached Garage, Garage
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Stone, Vinyl siding
Ownership
Freehold
Annual Taxes
$1,603 (2026)

Just under two kilometres from Georgian College and a quick drive to the Harry Lumley Bayshore Community Centre, this new raised bungalow sits on a 43 by 109.3 foot lot in the developing Ridgecrest Subdivision. The main floor packs in 1,248 square feet with three bedrooms, including a primary with a walk-in closet, plus a gas fireplace in the great room. Kitchen counters are quartz and there's a big island; patio doors off the dining area lead to a 10 by 12 foot deck that steps down to a fully sodded backyard. You'll get either hardwood or vinyl flooring in the living areas (your choice), with ceramic tile in the foyer, baths, and laundry. The lower level is fully finished and adds two more bedrooms, a 3-piece bath, a family room, and a utility room that can handle laundry hookups. Outside, it's a mix of stone and vinyl siding, with a single-car garage and concrete driveway giving you three parking spots total. Property taxes last year were just over $1,600, and the home is priced at $749,900, which undercuts the nearby median of $604,950 by a good margin for this much finished space. It's still under construction, so you have a chance to pick some finishes. The neighbourhood is mostly new builds, with Food Basics and Heritage Place mall about 1.2 kilometres away, and a bunch of restaurant chains like Swiss Chalet and East Side Mario's within a short drive.

About 2248 8th Avenue E, Owen Sound — Property Score

64
Strong Investment Great Location
Score: 64/100
Value
49
Priced 15.4% above area median of $649,900 based on 49 comparable properties nearby 47
Stable pricing - no price changes since original listing date 50
Size
62
5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72
2 bathrooms - 1 fewer than similarly priced properties nearby 48
4,700 sqft lot - a standard lot for the area 65
Location
77
$52K median household income - below the Canadian average of $70K 56
71% of residents hold postsecondary credentials - a highly educated neighbourhood 80
51% homeownership rate - a balanced mix of owners and renters 66
71% of residents commute under 30 minutes - excellent commuter accessibility 87
2,699/km² population density - a well-balanced suburban area 97
Market
46
Just listed - area average is 18 days on market 96
-16.8% median price change over 1 month - declining prices in the area 1
89 months of housing supply - 89 active listings with 1 sold last month (buyer's market) 40
Features
77
3-car garage - area average is 3.9 spots 80
Finished, N/A basement - adds valuable living space 85
efficient gas forced air heating 80
Central air conditioning - whole-home cooling 90
1 fireplace - a desirable feature for Canadian winters 75
No premium extras like pool, waterfront, or view 50
Investment
93
0.21% effective tax rate ($1,603/yr) - very low tax burden 94
51% renter population - strong rental demand in this area 92
Quality
50
Condition
50
Listing
73
6 photos provided - below the area average of 35 photos 60
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.

Full Listing Description

All Property Details

Neighbourhood Census Data

Owen Sound, Ontario

Population
492
Median Age
41.5
Median Income
$26,560
Dwelling Value
$274,510

Housing Tenure

Owners 51%
Renters 51%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.5
Pop. Density: 2,698.8/km²
Avg Shelter Cost: $1,185/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 25%
English only: 95.9%
English and French: 3.1%
Median Household Income: $52,224
Median Employment Income: $23,424

Price History

Contact Agent Get in touch about 2248 8th Avenue E, Owen Sound

BILL MCFARLANE
BILL MCFARLANE
Sutton-Sound Realty