Homula Realty Brokerage
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119 Ernest Way, Tay Valley, ON K7H 0B3

3+1 beds · 3 baths · 1 kitchen · 10+4 rooms · 18 parking spaces · 2000-2500 sq ft · Laundry on the main level level · Detached
$1,100,000
Property tax
$4,655 / year

Set on a dead end road in Tay Valley, this beautifully finished 3+1 bedroom, 3 full bathroom bungalow offers the perfect blend of modern comfort and natural serenity, all just 5 minutes from the charming town of Perth. The striking exterior, oversized driveway, 3 car garage and over 2 acres lot offer space to breathe and room to grow. Brighten every season with professionally installed Gemstone lighting. Inside, the home opens into a bright, airy layout with warm hardwood floors, large windows, and thoughtfully designed living spaces that feel both welcoming and refined. The heart of the home is the open-concept kitchen, dining, and living area, ideal for everyday living and effortless entertaining. The kitchen features an expansive island, ample cabinetry, a pantry and clean modern finishes. The living room invites you to unwind beside the fireplace, with natural light pouring in from every angle.The primary bedroom is a true retreat, complete with serene views, a calming colour palette, and a spa-inspired ensuite with a double vanity and walk-in shower. Additional bedrooms are generously sized and versatile, perfect for family, guests, or a home office.Downstairs, the fully finished walkout basement adds incredible living space, anchored by a cozy wood stove that makes it the perfect place to relax on cooler evenings. With an additional bedroom, full bathroom, and direct access to the backyard, this level is ideal for guests, extended family, or recreational use.Backing directly onto conservation land, the backyard offers unmatched privacy and a peaceful natural backdrop. Whether you're enjoying morning coffee on the deck or taking in the quiet of the surrounding woods, this is a place where life slows down in the best way. Combining modern finishes, flexible living space, and a truly special setting, this home offers the best of country living with the convenience of town just minutes away.

MLS number
X13650668
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
K7H 0B3
Photos
38
Laundry
Main Level level
37days · 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 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 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.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Glen Tay Public School
Upper Canada DSB
Elementary1.7 km7.8 / 10
78% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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 777 people.

$95,000Median household income
87%Own their home
95.3%Detached houses
65.5Median age
10.3%Born outside Canada
24%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35090211 — the few blocks around this address, home to 777 people. It describes the area, not this property.

777Population
60Average age
2.5Household size
$108,000Average household income
$95,000Median household income
87%Own their home
13%Rent
0%Condominiums
10%Born outside Canada
24%University degree
$520,000Average home value
7%Low income
90%Not in the labour force
15%Never married
$15,000 to $19,9992%
$20,000 to $24,9992%
$30,000 to $34,9992%
$35,000 to $39,9993%
$40,000 to $44,9993%
$50,000 to $59,9995%
$60,000 to $69,9993%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9995%
$100,000 and over32%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,99910%
$200,000 and over6%

Percentages are of the 310 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.

$220,000 · minimum here is $85,000
$4,870.56per month
Borrowed before insurance$880,000
Total borrowed$880,000
Interest over 25 years at 4.5%$581,169

If you rented it out

-$5,258.48per month out of pocket
Rent$0.00
Everything it costs to hold$5,258.48
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 REAL BROKER ONTARIO LTD.. Listing data provided by the Toronto Regional Real Estate Board.