495529 Grey Road 2, Blue Mountains

$1,799,000
495529 Grey Road 2

$1,799,000

New
24d
DetachedBungalow

495529 Grey Road 2, Blue Mountains

Total Monthly Obligation $7,694

Beds
3
Baths
2
Park
10
Sqft
700-1100
DOM
24d
Yield
4.8%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-X13843098
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-575.65 × 2013.96 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$745.58 (2025)
Parking-12 - Detached
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-RE/MAX Four Seasons Realty Limited
Cooling-Central Air
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Septic
Possession-Flexible
Neighbourhood-Blue Mountains
Title-Residential Freehold

No agent assigned

SPECTACULAR VIEW PROPERTY: Take advantage of potential HST rebate savings available for qualifying newly constructed residences. Recent housing affordability initiatives may significantly reduce the tax burden associated with building new. Nestled on almost 25 stunning acres, this exceptional property offers some of the most expansive and breathtaking views in the area, with sweeping panoramas of Georgian Bay, the Beaver Valley, and the iconic Niagara Escarpment. It's the perfect place to bring your dream home to life on a blank canvas, with much of the infrastructure already in place. The driveway is installed, providing easy access to the building site, while electrical service is connected and a buried conduit is ready for future expansion. Previously approved building plans further streamline the process of turning your vision into reality. From its elevated vantage point, the property delivers uninterrupted scenic beauty, with direct Bruce Trail access along the upper portion of the land, creating an immediate connection to nature. Outdoor enthusiasts will appreciate having skiing, hiking, cycling, and countless recreational opportunities right at their doorstep. Buyers planning to build a qualifying new home may benefit from recently announced federal GST/HST rebate incentives, potentially reducing the overall cost of construction. While your future home takes shape, the recently and extensively renovated 2-bedroom, 1-bathroom bungalow offers comfortable accommodations. Updated in 2018, it features a charming wood-burning fireplace along with modern upgrades to the furnace, electrical, and plumbing systems. Large heated & winterized barn adds tremendous versatility, providing ample space for equipment, recreational vehicles or a workshop. A rare offering combining privacy, spectacular views, established infrastructure, + endless outdoor adventure-this is an extraordinary opportunity to create a legacy property in one of the area's most sought-after settings.

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Closing Costs

Mortgage Amount
$1,439,200
Land Transfer Taxes$32,455
Legal Fees (Est.)
$
Total cash required for closing$393,755

Total Monthly Obligation

$7,694/mo
Mortgage $7,257
Monthly Loss $5,784
Principal$1,910
Interest$5,347
Property Tax$62
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 495529 Grey Road 2

Time

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