502788 Grey Road 1, Georgian Bluffs

$510,000
502788 Grey Road 1

$510,000

New
28d
DetachedBungalow-Raised

502788 Grey Road 1, Georgian Bluffs

Total Monthly Obligation $2,678

Beds
2
Baths
2
Park
8
Sqft
1100-1500
DOM
28d
Yield
7.1%
Cash on Cash
6.5%
Cap Rate
6.0%
5Y IRR
20.8%
10Y IRR
18.9%
Property Type-Detached
MLS® Number-X13831002
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-100 × 165 ft
Listed on site-Sep 25, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$2,953 (2026)
Parking-9 - Attached
Basement-Full, Walk-Out
Heating-Baseboard (Electric)
Brokerage-Royal LePage Estate Realty
Cooling-None
Laundry-No
Fireplace-Freestanding, Propane
Pool-None
Facing-West
Exterior-Log, Wood
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Georgian Bluffs
Title-Residential Freehold

No agent assigned

BEAUTIFUL WATER VIEW HOME! Surrounded by nature and just down the road from the breathtaking Skinner's Bluff Lookout and Wiarton Bluffs Golf Club, this solid Pan-Abode raised bungalow offers the perfect blend of comfort, privacy, and scenic beauty. Whether you're looking for a year-round home/cottage, or peaceful retirement property, this one is well worth a look. The bright main floor features an eat-in kitchen with a cozy sitting area, propane fireplace, and large front windows showcasing the water views. A comfortable family room, primary bedroom with beautiful water views and a huge walk-in closet, additional bedroom, and updated 4-piece bath. Downstairs offers a spacious rec/living room with a walkout to the backyard and attached garage, along with laundry and an updated 2-piece bath. Additional improvements and upgrades from 2022 to present include new vinyl flooring on the main floor, rebuilt lower-level entrance, new washer and dryer, water heater, pressure tank, UV system and filtration, plus a freshly painted exterior (2026), new downspouts, and gravel driveway. Set on a generous lot with water access just across the road, surrounded by mature trees and beautiful lilac bushes, this move-in ready home is a fantastic opportunity to enjoy the best of Bruce Peninsula living.

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Closing Costs

Mortgage Amount
$408,000
Land Transfer Taxes$6,675
Legal Fees (Est.)
$
Total cash required for closing$110,175

Total Monthly Obligation

$2,678/mo
Mortgage $2,057
Monthly Loss $2,137
Principal$541
Interest$1,516
Property Tax$246
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 502788 Grey Road 1

Time

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