Five-acre bungalow with workshop near Tobermory's shores

Property details for 192 Mcarthur Road, Northern Bruce Peninsula

Type: Residential
Style: Bungalow
Bedrooms: 5
Bathrooms: 3
Lot Size: 660.1 x 330 FT
Stories: 1
Basement: Unfinished, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Geo Thermal
Cooling: Central air conditioning
Exterior: Brick Veneer
Ownership: Freehold
Annual Taxes: $4,105

This is a 2,500 sq ft bungalow on five acres, with five bedrooms and three baths. Photos show a brick exterior and a big detached workshop with a loft. There's an attached garage too. The basement is unfinished with poured concrete walls. Heating runs on propane forced air. No AC. You've got a septic system and a drilled well. The lot is 660 feet wide. It's a freehold property with annual taxes around $4,100. Tobermory Airport is just over 2 km away. Several restaurants like The Fish & Chip Place are within 4 km. Fathom Five National Marine Park is about 8 km from here. Priced at $699,000.

About 192 Mcarthur Road, Northern Bruce Peninsula — Property Score

Spacious Great Location Well Priced

Score: 68/100

Value

Priced 43.9% below area median of $1,246,000 based on 8 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

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

3 bathrooms - 1 more than similarly priced properties nearby 72

217,833 sqft lot - an oversized lot for the area 90

Location

$60K median household income - near the Canadian average of $70K 60

89% of residents hold postsecondary credentials - a highly educated neighbourhood 96

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

89% of residents commute under 30 minutes - excellent commuter accessibility 100

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

Market

Just listed - area average is 150 days on market 100

-14.1% median price change over 1 month - declining prices in the area 1

5.8 months of housing supply - 35 active listings with 6 sold last month (balanced) 65

Features

12-car garage - more than the area average of 8 spots 95

Unfinished, N/A basement - adds valuable living space 85

standard forced air system 75

None 30

Pool - premium features that add significant value 65

Investment

0.59% effective tax rate ($4,105/yr) - very low tax burden 82

4% renter population - primarily owner-occupied area 34

Quality

Condition

Listing

22 photos provided - below the area average of 42 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.