Welcome to 38012 Mill Road in Bayfield, a truly exceptional 143-acre farm offered at $2,299,000. Located just 2 km from the charming village of Bayfield and the shores of Lake Huron, this picturesque property offers a rare combination of workable farmland, heritage character, and stunning natural beauty. Featuring 35 workable acres, 1,530 feet of frontage along Mill Road, and an impressive 1,825 feet of frontage on the scenic Bayfield River, the property presents outstanding potential for agriculture, residential living, or long-term investment. At the heart of the farm sits a charming 4-bedroom stone farmhouse built in 1900, rich in character and history, and, although it is in need of some TLS, it has been preserced with a durable metal roof installed in 2015. The property also includes an old silo, has 254-foot drilled well (1991), along with an irrigation system on part of the west lawn (once home to the local croquet club). Adding to the property's natural appeal, approximately 20,000 White Pine and 1,000 Black Walnut trees were planted in the early 1980s, extending toward the river and creating a serene, wooded backdrop. Zoned AG-1 and NE2, this remarkable property blends productive acreage with environmentally significant land, making it ideal for farming, recreation, or simply enjoying peaceful rural living. With high-speed fiber-optic internet and natural gas available at the road, this is a rare opportunity to own a large, scenic farm in a highly desirable location.
3 bedrooms, 1 bathroom, about 1,500 sq ft, works out to roughly $1,533 per square foot. Chat with Zara if you'd like a deeper read on whether this farm fits your budget and timing.
Inside 38012 Mill Rd
Every detail from the listing, in one place.
Type
Farm
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
12 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
12
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
144
Listing & possession
Property style
2-Storey
Property class
Farm
38012 Mill Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13041636$2,299,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 38012 Mill Rd Compares to the Bluewater Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$11,294
/mo
based on the purchase price of $2,299,000
$459,800 cash
$1,839,200 financed
$1,549,089 total interest
Principal54%$1,839,200
Interest46%$1,549,089
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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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Similar homes for sale nearby in Bluewater
Other 3-bed homes for sale in Bluewater around $2.3M.
Average days on market69Homes sold in about 69 days on average.
Sale-to-list ratio96.1%On average, homes sold below asking.
Active listings167Homes for sale here right now.
Median vs prior 90 days+5.4%Compared with May 7 – Aug 5, 2026: prices up.
Based on 55 sales from Aug 5 – Nov 3, 2026 (50 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 38012 Mill Rd
How much is 38012 Mill Rd listed for?
38012 Mill Rd is listed at $2,299,000 (MLS® X13041636). Summitly updates the price as soon as the MLS® record changes.
Is $2,299,000 a good price for 38012 Mill Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Bluewater. 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 38012 Mill Rd changed?
No — 38012 Mill Rd is still listed at its original asking price of $2,299,000.
How many bedrooms and bathrooms does 38012 Mill Rd have?
38012 Mill Rd has 3 bedrooms and 1 bathroom, with about 1,500–2,000 square feet of living space. It is a farm home in Bluewater.
How much would the monthly mortgage be on 38012 Mill Rd?
About $11,294 a month — principal and interest on $2,299,000 with 20% down ($459,800), 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 38012 Mill Rd compare with other homes in Bluewater?
Its asking price of $2,299,000 is about 249% above the median sold price in Bluewater over the last 90 days, $659,000, across 55 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 38012 Mill Rd been sold before?
Summitly has no earlier MLS® sale or lease of 38012 Mill Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 38012 Mill Rd?
38012 Mill Rd is in Bluewater, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 38012 Mill Rd been on the market?
194 days — 38012 Mill Rd was listed on April 23, 2026.
What is the price per square foot of 38012 Mill Rd?
About $1,150 to $1,533 per square foot: the asking price of $2,299,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 38012 Mill Rd have parking or a garage?
Yes — the listing gives 12 parking spaces.
Does 38012 Mill Rd have a basement, and is it finished?
The listing describes the basement as: Unfinished.