Good building lot in Dorcas Bay - located on year round municipal road. Property is well treed, measuring 200 feet wide by 300 feet deep. There is hydro and telephone along the roadside. The property is a building lot, which means you can build a year round home or four season cottage. The property is located in a rural setting and will require a septic system, and a well (typically a drilled one) for water supply. The municipal road where the property is located does get plowed during the winter time. Taxes: $294.08 for 2026. If you enjoy country living, and would love to build your dream property, check this one out! Property is located approximately a fifteen minute drive to Tobermory. Singing Sands beach is just a short distance away.
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 255 Pedwell Pt. Dr
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 255 Pedwell Pt. Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X12962310$159,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How LT 255 Pedwell Pt. Dr Compares to the Northern Bruce Peninsula Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$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.
For homeowners nearby
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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 listings212Homes for sale here right now.
Median vs prior 90 days+24.6%Compared with May 13 – Aug 11, 2026: prices up.
Based on 58 sales from Aug 11 – Nov 9, 2026 (61 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About LT 255 Pedwell Pt. Dr
How much is LT 255 Pedwell Pt. Dr listed for?
LT 255 Pedwell Pt. Dr is listed at $159,000 (MLS® X12962310). Summitly updates the price as soon as the MLS® record changes.
Is $159,000 a good price for LT 255 Pedwell Pt. Dr?
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 255 Pedwell Pt. Dr changed?
No — LT 255 Pedwell Pt. Dr is still listed at its original asking price of $159,000.
How many bedrooms and bathrooms does LT 255 Pedwell Pt. Dr have?
LT 255 Pedwell Pt. Dr 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 255 Pedwell Pt. Dr?
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 255 Pedwell Pt. Dr 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, $573,000, across 58 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 255 Pedwell Pt. Dr been sold before?
Summitly has no earlier MLS® sale or lease of LT 255 Pedwell Pt. Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is LT 255 Pedwell Pt. Dr?
LT 255 Pedwell Pt. Dr is in Northern Bruce Peninsula, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has LT 255 Pedwell Pt. Dr been on the market?
217 days — LT 255 Pedwell Pt. Dr was listed on April 6, 2026.
What is the price per square foot of LT 255 Pedwell Pt. Dr?
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 255 Pedwell Pt. Dr?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on LT 255 Pedwell Pt. Dr?
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.
