8-Acre Century Home with Water Views in Georgian Bluffs

Property details for 501306 Grey 1 Road, Georgian Bluffs

Type: Residential
Bedrooms: 5
Bathrooms: 2
Lot Size: 236 x 736 FT
Stories: 1.5
Basement: Unfinished, Partial
Parking: No Garage
Heating: Baseboard heaters, Electric, Wood
Cooling: None
Exterior: Wood
Annual Taxes: $2,690

This 1898 wooden-sided farmhouse sits on 8 acres with sweeping water views from Grey Road 1. You get 5 beds, 2 baths, and 1.5 stories of lived-in charm. Stone foundation, one fireplace, and baseboard heat with wood backup. The land's the real draw: fruit trees, grape vines, and wooded trails. Wiarton Airport is 0.5 km away, so you can fly in. Foodland and a Tim Hortons are under 3 km. Price at $769,900, well below the $1.08M median nearby. Taxes are just $2,690. No central cooling, and the basement is partial and unfinished. Four parking spots, no garage. It's a fixer-upper with soul, not a polished flip. You're buying 128 years of character and privacy. Bring your vision. Built in 1898. Water views. 8 acres. Five bedrooms. This one's worth a look.

About 501306 Grey 1 Road, Georgian Bluffs — Property Score

Strong Investment Great Location

Score: 68/100

Value

Priced 18.9% below area median of $949,900 based on 21 comparable properties nearby 98

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 2 more than similarly priced 3-bedroom homes nearby 84

2 bathrooms - typical for similarly priced properties 60

173,696 sqft lot - an oversized lot for the area 90

Location

$65K median household income - near the Canadian average of $70K 63

84% of residents hold postsecondary credentials - a highly educated neighbourhood 91

97% homeownership rate - indicating a stable, owner-occupied community 98

47% of residents commute under 30 minutes - good commuting convenience 68

13/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

4-car garage - area average is 8.6 spots 95

Unfinished, Partial basement - adds valuable living space 85

baseboard heating throughout 55

None 30

1 fireplace - a desirable feature for Canadian winters 75

View - premium features that add significant value 60

Investment

0.35% effective tax rate ($2,690/yr) - very low tax burden 90

Quality

Condition

Listing

50 photos provided - 14% more than the area average of 44 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.