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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 21 days

    318611 Grey Road 1

    Owen Sound·Owen Sound, ON·N4K 5N4·Near Grey Rd 1

    • 5 beds
    Owen Sound real estate›X12136345
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Welcome to 318611 Grey Rd 1, a unique triplex nestled on a picturesque one-acre lot in the sought-after Balmy Beach community. Perfectly positioned across from Indian Falls and just steps from a public boat launch on Lake Huron. Recent updates include all new windows, a re-shingled roof, new eavestroughs, ensuring peace of mind for years to come. Beautiful appointed with field stone on the exterior. Each of the three units has been designed with privacy in mind, offering individual outdoor spaces for residents to enjoy. Unit 1 features two bedrooms and a full bathroom. Unit 2 offers a one-bedroom layout with a full bath. While Unit 3 provides two bedrooms, a full bathroom, and a bonus loft space. The flexible floor plan presents exciting potential to convert the property into a spacious duplex or a single-family home, depending on your needs.The detached garage, currently used as an art studio, is insulated from the exterior to showcase the 100 year old exposed wood framing, concrete floors, and electric heat, making it an inspiring space for creative pursuits or a workshop. Two additional sheds provide ample storage for outdoor equipment and seasonal items. With two separate driveways, parking is never an issue.On Municipal water and septic system. Natural gas is available at the road for future upgrades.This exceptional location is perfect for outdoor enthusiasts and investors alike, offering easy access to hiking trails, the Balmy Beach convenience store and LCBO. Endless opportunities for boating and exploring Lake Huron. Whether youre seeking a solid investment, a multi-generational retreat, or a prime short-term rental opportunity. This property delivers versatility, comfort, and a coveted lakeside lifestyle. Experience the best of Balmy Beach living-book your private viewing today!

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    May 9, 2025ListedCurrentFor sale$579,900 —X12136345This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Baseboard
      Air conditioning
      None
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 318611 Grey Road 1
    What's nearby

    Points of interest classified by the MLS® feed.

    • Beach
    • Lake Access
    • School Bus Route
    • Wooded/Treed
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,849
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $245
    0.51% mill rate · ON
    The market

    How this home sits in the Owen Sound market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Owen Sound market right now

    Average sold price, days on market, and closed-transaction count for Owen Sound — sourced from MLS®.

    • Avg sold price
      $482,885
      Last 30 days
    • Median sold price
      $452,500
      Middle of the market
    • Days on market
      43 d
      Avg from list to close
    • Closed last 30d
      78
      MLS® transactions
    Full Owen Sound market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 318611 Grey Road 1 — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 318611 Grey Road 1 and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 318611 Grey Road 1 listed for?

      318611 Grey Road 1 is listed at $579,900 on the MLS® (listing X12136345). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 318611 Grey Road 1 have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 3 baths
  2. 2500-3000 sqft
  3. Triplex
  4. Built 51-99
  5. Asking
    $579,900
    $0 / sqft · MLS® X12136345
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $656,724
    $604,186Confidence range$709,261
    Asking vs estimate
    ↓below
    −$76,824
    (-11.7%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 5 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Owen Sound sell in about 43 days — this one has been listed 21 days.

    Avg sold price
    $482,885
    Median sold
    $452,500
    Avg days on market
    43
    Recently sold
    78
    See comparable sales
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tourWatch video tour
    AI highlights by Zara
    • Welcome to 318611 Grey Rd 1, a unique triplex nestled on a picturesque one-acre lot in the sought-after Balmy Beach community.
    • While Unit 3 provides two bedrooms, a full bathroom, and a bonus loft space.
    • With two separate driveways, parking is never an issue.On Municipal water and septic system.
    • Experience the best of Balmy Beach living-book your private viewing today!
    Ask Zara a follow-up
    Septic
  7. Parking & garage

    3
    Garage
    Detached
    Garage spaces
    2
    Parking spaces
    4
  8. Interior

    4
    Basement
    Partial Basement
    Family room
    N
    Kitchens
    3
    Total rooms
    20
  9. Exterior & construction

    5
    Exterior
    Stone, Log
    Roof
    Asphalt Shingle
    Foundation
    Stone
    View
    Trees/Woods
    Pool
    None
  10. Lot & land

    2
    Year built
    51-99
    Zoning
    NEC
  11. Listing & possession

    3
    Occupancy
    Flexible if assuming Tenants. 60 days from firm offer, 1st of the month
    Property style
    1 1/2 Storey
    Property class
    Triplex
  12. Room-by-room · 15 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    12 rooms
    • Living Room
      15.1 × 16.9 ft
    • Kitchen
      18.9 × 15.8 ft
    • Bathroom
      4 Pc Bath
      7.0 × 5.2 ft
    • Bathroom
      4 Pc Bath
      7.6 × 4.7 ft
    • Bedroom 4
      13.8 × 12.2 ft
    • Bedroom 5
      11.0 × 10.3 ft
    • Kitchen
      13.7 × 11.4 ft
    • Bathroom
      4 Pc Bath
      6.0 × 6.4 ft
    • Kitchen
      6.6 × 10.3 ft
    • Bedroom 3
      13.8 × 7.5 ft
    • Living Room
      14.5 × 16.0 ft
    • Living Room
      10.6 × 14.5 ft

    Second level

    3 rooms
    • Loft
      7.1 × 14.9 ft
    • Bedroom 2
      17.2 × 7.4 ft
    • Bedroom
      17.4 × 9.7 ft
  13. River/Stream
  14. Combined estimate
    $3,094
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,849
    /mo
    based on the purchase price of $579,900
    $115,980 cash
    $463,920 financed
    $390,742 total interest
    Monthly payment$2,849/ month
    Principal54%$463,920
    Interest46%$390,742

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable triplexs that just sold in Owen Sound

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 470 13th Street
      Sold
      Sign in for price
      470 13th Street
      Triplex
    • 150 13th Street
      Sold
      Sign in for price
      150 13th Street
      Triplex
    • 537 8th Street
      Sold
      Sign in for price
      537 8th Street
      Triplex
    • 1522-26 3RD Avenue
      Sold
      Sign in for price
      1522-26 3RD Avenue
      Triplex
    • 703 15th Street
      Sold
      Sign in for price
      703 15th Street
      Triplex
    AddressBd / BaSqftSold$/sqft% of askSold
    318611 Grey Road 1This home5 / 325,003,000$579,900ask———
    470 13th Street4 / 31,500—
    150 13th Street6 / 31,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More triplexs in Owen Sound

    Active listings within ±20% of this asking price.

    • 271 7th Street
      $599,000
      271 7th Street
      Triplex 6 3
    • 920 5th Avenue
      $679,000
      920 5th Avenue
      Triplex 4 3
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  15. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  16. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  17. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  18. Public listing courtesy of Royal LePage Exchange Realty Co. · displayed on Summitly per MLS® data-share rules

    318611 Grey Road 1 is a 5-bedroom, 3-bath, 2500-3000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  19. When was 318611 Grey Road 1 built?

    318611 Grey Road 1 was built in 51-99. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  20. What is the property tax for 318611 Grey Road 1?

    The 'Property tax' tab in the History section shows the most recent annual tax for 318611 Grey Road 1 plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  21. How much would the monthly mortgage be on 318611 Grey Road 1?

    The affordability calculator on this page shows an estimated monthly mortgage for $579,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  22. Has 318611 Grey Road 1 been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 318611 Grey Road 1 with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  23. What neighbourhood is 318611 Grey Road 1 in?

    318611 Grey Road 1 is in Owen Sound, Owen Sound. The 'Neighbourhood' section below links to the live Owen Sound real estate hub with average sold price, days on market, and current inventory.

  24. Is Owen Sound a good place to live?

    Owen Sound is one of ON's actively-tracked Summitly markets. The full Owen Sound real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  25. 537 8th Street
    5 / 4
    2,000
    —
    1522-26 3RD Avenue6 / 33,000—
    703 15th Street5 / 32,000—