Turn-key rural living meets income potential on this picturesque 6.2-acre property just minutes from Markdale. This charming 3-bedroom, 2-bath bungalow offers a rare opportunity to live and work from home with a fully equipped, municipally zoned dog boarding facility and versatile farm infrastructure. Previously operated as a highly regarded kennel for 17 successful years, the property features 15 indoor kennels with a fenced outdoor run and room to expand. With a strong past client base and ongoing demand, this is an ideal opportunity to step into an established business or create a new revenue stream.The land itself is equally impressive, with rolling pastures, mature trees, and a former apple orchard complete with walking trails stretching to the back concession. A barn with 5 box stalls, tack room, paddock, and additional outbuildings including a drive shed makes this an excellent fit for horses, hobby farming, or animal lovers alike. Inside, the home blends warmth and character with practical updates. The sun-filled kitchen overlooks your private acreage, while the finished walkout lower level adds valuable living space. Enjoy quiet mornings on the wraparound deck surrounded by nature. Updates include the roof (2013) propane furnace (2022) septic inspection/pump (2024) and water test is on file. Whether you're looking to run a business, create a hobby farm, or simply enjoy peaceful country living with income potential, this property delivers flexibility, privacy, and opportunity in one complete package.
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,070 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 125 Lake Dr
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
4 spaces
Basement
Finished, Walk-Out
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Finished · Walk-Out
Lot & land
Lot size (sqft)
6.2
Listing & possession
Property style
Bungalow
Property class
Detached
125 Lake Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,680
/mo
based on the purchase price of $749,000
$149,800 cash
$599,200 financed
$504,684 total interest
Principal54%$599,200
Interest46%$504,684
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in West Grey
Other 2–4 bed homes for sale in West Grey around $749K.
Average days on market67Homes sold in about 67 days on average.
Sale-to-list ratio96.0%On average, homes sold below asking.
Active listings145Homes for sale here right now.
Median vs prior 90 days−1.2%Compared with Apr 16 – Jul 15, 2026: prices down.
Based on 108 sales from Jul 15 – Oct 13, 2026 (57 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 125 Lake Dr
How much is 125 Lake Dr listed for?
125 Lake Dr is listed at $749,000 (MLS® X13022734). Summitly updates the price as soon as the MLS® record changes.
Is $749,000 a good price for 125 Lake Dr?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in West Grey. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 125 Lake Dr changed?
Yes — it was first listed at $799,000 and is now $749,000, a drop of $50,000 (6.3%).
How many bedrooms and bathrooms does 125 Lake Dr have?
125 Lake Dr has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in West Grey.
How much would the monthly mortgage be on 125 Lake Dr?
About $3,680 a month — principal and interest on $749,000 with 20% down ($149,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 125 Lake Dr compare with other homes in West Grey?
Its asking price of $749,000 is about 26% above the median sold price in West Grey over the last 90 days, $592,500, across 108 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 125 Lake Dr been sold before?
Summitly has no earlier MLS® sale or lease of 125 Lake Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 125 Lake Dr?
125 Lake Dr is in West Grey, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 125 Lake Dr been on the market?
176 days — 125 Lake Dr was listed on April 20, 2026.
What is the price per square foot of 125 Lake Dr?
About $681 to $1,070 per square foot: the asking price of $749,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 125 Lake Dr have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 125 Lake Dr have a basement, and is it finished?
The listing describes the basement as: Finished, Walk-Out.
