Framing is complete on this brand new 1550sqft home at 296 Ridge Street in Port Elgin; that when finished will feature 4 bedrooms and 3 full baths. The location is central to the beach and shopping. The basement will be fully finished and include a family room, 2 bedrooms, 3pc bath and utility room with walkup to the 2 car garage. Standard features included hardwood and ceramic throughout the main floor, 12ft ceiling in the foyer, 9ft ceilings thoughout the remainder of the main floor, hardwood staircase to the basement, Quartz counters in the kitchen, tiled shower in the ensuite bath,walkout to a partially covered deck, gas forced air heating with central air, gas fireplace in the living room, concrete drive, sodded yard and more. HST is included in the list price provided the Buyer qualifies for the rebate and assigns it to the Builder on closing. Prices subject to change without notice, colour selections maybe available for those that act early.
2 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $627 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 296 Ridge St
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow-Raised
Living space
1500-2000 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Finished, Walk-Up
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Finished · Walk-Up
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow-Raised
Property class
Detached
296 Ridge St 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 →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$4,617
/mo
based on the purchase price of $939,900
$187,980 cash
$751,920 financed
$633,314 total interest
Principal54%$751,920
Interest46%$633,314
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 Saugeen Shores
Other 2–5 bed homes for sale in Saugeen Shores around $940K.
Average days on market66Homes sold in about 66 days on average.
Sale-to-list ratio97.9%On average, homes sold below asking.
Active listings244Homes for sale here right now.
Median vs prior 90 days−0.4%Compared with Apr 24 – Jul 23, 2026: prices down.
Based on 127 sales from Jul 23 – Oct 21, 2026 (92 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 296 Ridge St
How much is 296 Ridge St listed for?
296 Ridge St is listed at $939,900 (MLS® X12337497). Summitly updates the price as soon as the MLS® record changes.
Is $939,900 a good price for 296 Ridge St?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Saugeen Shores. 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 296 Ridge St changed?
Yes — it was first listed at $969,900 and is now $939,900, a drop of $30,000 (3.1%).
How many bedrooms and bathrooms does 296 Ridge St have?
296 Ridge St has 2 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Saugeen Shores.
How much would the monthly mortgage be on 296 Ridge St?
About $4,617 a month — principal and interest on $939,900 with 20% down ($187,980), 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 296 Ridge St compare with other homes in Saugeen Shores?
Its asking price of $939,900 is about 41% above the median sold price in Saugeen Shores over the last 90 days, $665,000, across 127 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 296 Ridge St been sold before?
Summitly has no earlier MLS® sale or lease of 296 Ridge St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 296 Ridge St?
296 Ridge St is in Saugeen Shores, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 296 Ridge St been on the market?
436 days — 296 Ridge St was listed on August 11, 2025.
What is the price per square foot of 296 Ridge St?
About $470 to $627 per square foot: the asking price of $939,900 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 296 Ridge St have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
Does 296 Ridge St have a basement, and is it finished?
The listing describes the basement as: Finished, Walk-Up.
