387 Spry Lake Rd
South Bruce Peninsula, N0H 2T0
FOR SALE
$2,750,000
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BEDROOMS1
BATHROOMS1
KITCHENS0
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Property Description
Discover the epitome of rural charm and boundless possibilities with this sprawling 405-acre property, beautifully nestled in the scenic expanses of Grey-Bruce. Approximately 100 acres of cleared land, perfect for pasture or cultivation, accentuate the allure of this estate, with portions serenely backing onto Isaac Lake, offering a picturesque backdrop for both retirement and recreational aspirations. At the heart of this vast expanse lies a cozy bungalow, featuring 2 bedrooms and 1 bathroom, complete with an attached garage, offering a comfortable living space amidst nature's tranquility. The residence is currently tenanted, ensuring a seamless transition for investors, with the requisite notice for viewings to maintain privacy and respect. Supporting structures on the property include two substantial barns, measuring 40'x40' and 72'x52' (irregular), providing ample space for agricultural or storage needs. Additionally, a historic Milk House (16'x20') and a robust Quonset Hut (38'x60') add to the functional diversity of the estate, catering to a variety of uses and projects. The land's zoning classifications of RU1, EH, and EH-1 highlight its environmental and agricultural value, further underscoring the property's versatile appeal. Whether envisaged as a serene retirement haven, a recreational paradise, or a thriving agricultural venture, the potential here is as vast as the land itself. Embrace the opportunity to own a piece of Grey-Bruce's majestic countryside, where nature's beauty meets limitless potential.
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Property Details
Street
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Acreage
100+
Fronting
North
Taxes
$3,534 (2023)
Basement
None
Exterior
Stone
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
None
Water
Well
Parking Spaces
2
Driveway
Private
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 22.01' x 14.99' |
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South Bruce Peninsula Market Statistics
South Bruce Peninsula Price Trend
387 Spry Lake Rd is a 2-bedroom 1-bathroom home listed for sale at $2,750,000, which is $2,210,000 (409.3%) higher than the average sold price of $540,000 in the last 30 days (April 10 - May 9). During the last 30 days the average sold price for a 2 bedroom home in South Bruce Peninsula increased by $10,000 (1.9%) compared to the previous 30 day period (March 11 - April 9) and down $210,000 (28.0%) from the same time one year ago.Inventory Change
There were 0 2-bedroom homes listed in South Bruce Peninsula over the last 30 days (April 10 - May 9), which is down 100.0% compared with the previous 30 day period (March 11 - April 9) and down 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in South Bruce Peninsula typically sold ($39,000) (7.2%) below asking price over the last 30 days (April 10 - May 9), which represents a $5,500 increase compared to the previous 30 day period (March 11 - April 9) and $0 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in South Bruce Peninsula over the last 30 days (April 10 - May 9) stood at ∞, up from 50.0% over the previous 30 days (March 11 - April 9) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in South Bruce Peninsula stood at 26 days when successfully sold over the last 30 days (April 10 - May 9), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Realty Centres
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