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12 Nicholas Street, Northern Bruce Peninsula, ON N0H 2R0

3 beds · 1 bath · 1 kitchen · 8 rooms · 6 parking spaces · 1500-2000 sq ft · Laundry on the main level level · Detached
$549,900
Property tax
$3,321 / year

**NEWLY UPDATED TOBERMORY RETREAT JUST STEPS TO DOWNTOWN!** Where privacy, location, and peace of mind meet-welcome to 12 Nicholas Street in Tobermory! Set on a spacious 100' x 200' lot within walking distance to downtown shops, restaurants, the marina, and local amenities, this beautifully renovated 3-bedroom, 1-bath bungalow offers move-in ready living in one of the area's most desirable settings. Inside, the home feels bright and inviting with an open layout, large windows, and modern finishes throughout. The new kitchen features updated cabinetry, countertops, dishwasher, range hood, and tile backsplash. The dining area offers patio door access to the back deck, perfect for summer entertaining and grilling.The spacious primary bedroom includes direct deck access, a large walk-in closet, and semi-ensuite access to the renovated bathroom with new shower, vanity, toilet, flooring, and fixtures. Two additional bedrooms each offer spacious closets. Additional upgrades include new flooring throughout, pot lights inside and out, new trim, and updated interior doors. Major improvements include updated electrical, spray foam insulation in the basement, new on-demand hot water, and a new water treatment system. The full unfinished basement offers excellent storage or future development potential. Outside, enjoy the freshly seeded yard, two brand new decks, and a fire pit area-perfect for relaxing after a day exploring the Peninsula. Just minutes from The Grotto, Bruce Peninsula National Park, Tobermory Harbour, and the MS Chi-Cheemaun, this property is ideal as a family home, cottage retreat, or short-term rental investment! Property Website: https://century21.pvapps.ca/property-website/16902/unbranded

MLS number
X13014048
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
N0H 2R0
Photos
49
Laundry
Main Level level
148days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 559 people.

$64,000Median household income
91.2%Own their home
91.1%Detached houses
61.2Median age
10%Born outside Canada
27.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410146 — the few blocks around this address, home to 559 people. It describes the area, not this property.

559Population
55.5Average age
2Household size
$100,000Average household income
$64,000Median household income
91%Own their home
9%Rent
0%Condominiums
10%Born outside Canada
27%University degree
$740,000Average home value
20%Low income
16%Never married
$15,000 to $19,9991%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9993%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9997%
$70,000 to $79,9996%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over26%
$100,000 to $124,99910%
$125,000 to $149,9993%
$150,000 to $199,99910%
$200,000 and over4%

Percentages are of the 360 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.

$109,980 · minimum here is $29,990
$2,434.84per month
Borrowed before insurance$439,920
Total borrowed$439,920
Interest over 25 years at 4.5%$290,531

If you rented it out

-$2,711.59per month out of pocket
Rent$0.00
Everything it costs to hold$2,711.59
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 Century 21 Millennium Inc.. Listing data provided by the Toronto Regional Real Estate Board.