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LT 255 Pedwell Pt. Drive, Northern Bruce Peninsula, ON N0H 2R0

< 700 sq ft · Vacant Land
$159,000
Property tax
$294 / year

Good building lot in Dorcas Bay - located on year round municipal road. Property is well treed, measuring 200 feet wide by 300 feet deep. There is hydro and telephone along the roadside. The property is a building lot, which means you can build a year round home or four season cottage. The property is located in a rural setting and will require a septic system, and a well (typically a drilled one) for water supply. The municipal road where the property is located does get plowed during the winter time. Taxes: $294.08 for 2026. If you enjoy country living, and would love to build your dream property, check this one out! Property is located approximately a fifteen minute drive to Tobermory. Singing Sands beach is just a short distance away.

MLS number
X12962310
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0H 2R0
Photos
30
159days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 630 people.

$74,500Median household income
90.5%Own their home
98.4%Detached houses
60.4Median age
12.5%Born outside Canada
28%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410145 — the few blocks around this address, home to 630 people. It describes the area, not this property.

630Population
54.3Average age
2Household size
$115,000Average household income
$74,500Median household income
91%Own their home
10%Rent
0%Condominiums
13%Born outside Canada
28%University degree
$650,000Average home value
8%Low income
13%Never married
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9995%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9997%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over25%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over6%

Percentages are of the 405 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$31,800 · minimum here is $7,950
$704.02per month
Borrowed before insurance$127,200
Total borrowed$127,200
Interest over 25 years at 4.5%$84,005

If you rented it out

-$728.52per month out of pocket
Rent$0.00
Everything it costs to hold$728.52
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX Grey Bruce Realty Inc.. Listing data provided by the Toronto Regional Real Estate Board.