Good building lot in Dorcas Bay is located on a year-round paved municipal road. This well treed property measures 200 feet in width and 400 feet in depth. Utilities such as hydro and telephone are available along the roadside. As a building lot, it permits the construction of either a year-round residence or a four-season cottage. Set in a rural area, the lot will necessitate the installation of a septic system and a well, typically drilled, for water. The municipal road is maintained and plowed during the winter. 2026 taxes: $306.34. This building lot is ideal for those who cherish country living and aspire to construct their dream home or cottage. It is conveniently located about a fifteen-minute drive to Tobermory, with Singing Sands beach also nearby.
works out to roughly $227 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside LT 254 Dorcas Bay Rd
Every detail from the listing, in one place.
Type
Land
Living space
< 700 sq ftas stated on the listing
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
LT 254 Dorcas Bay 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® X12962276$159,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How LT 254 Dorcas Bay Rd Compares to the Northern Bruce Peninsula 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
$781
/mo
based on the purchase price of $159,000
$31,800 cash
$127,200 financed
$107,136 total interest
Principal54%$127,200
Interest46%$107,136
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 Northern Bruce Peninsula
Other homes for sale in Northern Bruce Peninsula around $159K.
Average days on market72Homes sold in about 72 days on average.
Sale-to-list ratio93.8%On average, homes sold below asking.
Active listings213Homes for sale here right now.
Median vs prior 90 days+21.9%Compared with May 11 – Aug 9, 2026: prices up.
Based on 59 sales from Aug 9 – Nov 7, 2026 (60 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About LT 254 Dorcas Bay Rd
How much is LT 254 Dorcas Bay Rd listed for?
LT 254 Dorcas Bay Rd is listed at $159,000 (MLS® X12962276). Summitly updates the price as soon as the MLS® record changes.
Is $159,000 a good price for LT 254 Dorcas Bay Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Northern Bruce Peninsula. 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 LT 254 Dorcas Bay Rd changed?
No — LT 254 Dorcas Bay Rd is still listed at its original asking price of $159,000.
How many bedrooms and bathrooms does LT 254 Dorcas Bay Rd have?
LT 254 Dorcas Bay Rd has about 700 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Northern Bruce Peninsula.
How much would the monthly mortgage be on LT 254 Dorcas Bay Rd?
About $781 a month — principal and interest on $159,000 with 20% down ($31,800), 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 LT 254 Dorcas Bay Rd compare with other homes in Northern Bruce Peninsula?
Its asking price of $159,000 is about 72% below the median sold price in Northern Bruce Peninsula over the last 90 days, $570,000, across 59 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 LT 254 Dorcas Bay Rd been sold before?
Summitly has no earlier MLS® sale or lease of LT 254 Dorcas Bay Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is LT 254 Dorcas Bay Rd?
LT 254 Dorcas Bay Rd is in Northern Bruce Peninsula, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has LT 254 Dorcas Bay Rd been on the market?
215 days — LT 254 Dorcas Bay Rd was listed on April 6, 2026.
What is the price per square foot of LT 254 Dorcas Bay Rd?
About $227 per square foot: the asking price of $159,000 over the 700 sq ft the listing gives.
What is the lot size of LT 254 Dorcas Bay Rd?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on LT 254 Dorcas Bay Rd?
About $1,315 in Ontario land transfer tax at the asking price of $159,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
