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LOT 16 GREY ROAD 17
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Beds
—
Baths
—
Sqft
99
Year
—
Type
Vacant Land
On market
124d
Investment Opportunity "GREYSTONE ESTATES" is a distinctive 99.2-acre holding offering significant development potential. The property benefits from a Draft Plan of a subdivision for 12 estate-sized lots. These will be situated on a quiet cul-de-sac across approximately 27 acres, complemented by a 57-acre open space block and a 17.9-acre parcel designated as environmentally sensitive lands. The property is well treed, predominantly hardwood, and includes a County Forest reserve along the southern boundary, enhancing privacy and natural appeal. An unopened road allowance runs the full length of the westerly boundary, to the South into Mountain lake (Sideroad 315). Snowmobile and ATV trails are accessible along Grey Road 17 in this area. Ideally located just two minutes from Mountain Lake and approximately 8 minutes from Wiarton, this property offers a desirable balance of natural surroundings and proximity to town amenities. Buyer to complete their own due diligence regarding development approvals and progression. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.58%
Cap rate
3.55%
GRM
16.6
Break-even rent
$5,415
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Georgian Bluffs. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.