Spacious 5-Bedroom Raised Bungalow Near Port Elgin Schools

Property details for 513 Peirson Avenue, Saugeen Shores

Type: Residential
Style: Raised bungalow
Bedrooms: 5
Bathrooms: 2
Lot Size: 59.1 x 113.4 FT
Stories: 1
Basement: Finished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger
Exterior: Stone
Ownership: Freehold
Annual Taxes: $4,658 (2025)

Just a few blocks from Port Elgin-Saugeen Central School and a quick walk to Andre's Swiss Country Dining, this 5-bedroom raised bungalow sits on a generous 59 by 113 foot lot. The main floor has three bedrooms, plus a kitchen, dining, and living room that flow together with hardwood and ceramic tile. Downstairs, the finished basement adds two more bedrooms, a rec room, and a gas fireplace for cozy winter nights. Large windows keep the lower level bright. The kitchen includes a fridge, stove, and dishwasher, and there's central air for summer. Outside, a newer PVC deck (with a 50-year warranty) overlooks the fenced backyard. The double garage has direct entry to the lower level, which is handy in bad weather. Recent updates include a roof about four years old and a new hot water tank in 2025. Property taxes run around $4,658 annually. With a price of $679,000, it's below the nearby median of $742,400, and similar homes in the area have been selling in about 33 days. You're close to Giant Tiger, Tim Hortons, and several restaurants, plus the community centre is nearby. Solid layout, good value, and you can move right in.

About 513 Peirson Avenue, Saugeen Shores — Property Score

Great Location Well Priced

Score: 66/100

Value

Priced 20.1% below area median of $849,900 based on 70 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

2 bathrooms - typical for similarly priced properties 60

6,702 sqft lot - a generous lot for the area 78

Location

$77K median household income - near the Canadian average of $70K 68

83% of residents hold postsecondary credentials - a highly educated neighbourhood 90

66% homeownership rate - a balanced mix of owners and renters 76

66% of residents commute under 30 minutes - excellent commuter accessibility 83

1,514/km² population density - a well-balanced suburban area 85

Market

Just listed - area average is 78 days on market 100

-9.6% median price change over 1 month - declining prices in the area 2

61.5 months of housing supply - 123 active listings with 2 sold last month (buyer's market) 40

Features

4-car garage - area average is 5 spots 95

Finished, Full 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

0.69% effective tax rate ($4,658/yr) - below the Canadian average of ~1% 79

-27.8% area price change year-over-year - significant price correction in Saugeen Shores 1

33% renter population - moderate rental market 70

Quality

Condition

Listing

38 photos provided - 19% more than the area average of 32 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.