553763 ROAD 55

FOR SALE
$2,750,000
553763 ROAD 55, Grey Highlands
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
553763 ROAD 55
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5
BEDROOMS
4
BATHROOMS
1
KITCHENS
16 + 3
ROOMS
X10437825
MLSID
Contact Us
Property Description
This unique property consists of a historic, completely renovated red brick schoolhouse, and a large modern addition and a freestanding timber frame garage. The schoolhouse, SS 3, built in 1884 in Osprey County (now Grey Highlands) was closed in 1965 and purchased by skiers as a getaway. The current owners purchased the property in 2002 and began a complete restoration over several years. The restoration was careful to maintain the original charm while bringing it to modern day standards. It contains the kitchen, dining room and living room under a 17 ft cathedral ceiling height as well as 2 bedrooms, a loft and 3-pc bathroom. 2-zone hydronic in floor heat and rads and a wood stove are installed. The addition was built in 2017. The main floor contains a great room with a fireplace, 22ft cathedral ceiling height, sunroom, sauna, 3-pc bathroom and laundry room. The second floor contains the primary bedroom with 4-pc bathroom, 2 additional bedrooms and powder room. The basement contains an entertainment area, exercise area, storage and utility room. 6-zone hydronic in floor heat are installed, including the basement. The garage was built in 2012. Dimensions and shape were based on the schoolhouse and it is built with the same standards as a quality home however the roof and truss structure are of timber frame construction and built by a local craftsman and creates a cathedral ceiling height of 27 ft. It contains a large garage area with car lift, a utility room, a 3-pc bathroom and a loft currently used as an office and sitting area. An air compressor, central vac and 3-zone hydronic in floor heat are installed. Situated in a beautiful country setting, this property is a short distance to many destinations. Collingwood: 28 Minutes, Thornbury: 25 Minutes, Creemore: 23 Minutes, Blue Mountain: 27 Minutes, Devils Glen: 16 minutes, Beaver Valley: 24 Minutes, Downtown Toronto: 1 hr 38 Minutes
Property Details
Street
Property Type
Detached, 2-Storey
Lot Size
293' x 229'
Acreage
.50-1.99
Fronting
West
Taxes
$7,156 (2024)
Basement
Finished, Full
Exterior
Brick, Wood
Heat Type
Radiant
Heat Source
Wood
Air Conditioning
None
Parking Spaces
10
Driveway
Other
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
OtherMain14.83' x 29.07'
FamilyMain11.15' x 13.48'
BrMain11.15' x 12.34'
LaundryMain6.76' x 9.09'
SunroomMain10.93' x 21.49'
RecMain26.90' x 21.49'Fireplace, Vaulted Ceiling, Wet Bar
Prim Bdrm2nd13.09' x 15.16'
Br2nd9.51' x 10.40'
Br2nd12.99' x 10.40'
Grey Highlands Market Statistics
Grey Highlands Price Trend
553763 ROAD 55 is a 5-bedroom 4-bathroom home listed for sale at $2,750,000, which is $250,000 (10.0%) higher than the average sold price of $2,500,000 in the last 30 days (October 30 - November 28). During the last 30 days the average sold price for a 5 bedroom home in Grey Highlands increased by $1,068,000 (74.6%) compared to the previous 30 day period (September 30 - October 29) and up $1,710,000 (216.5%) from the same time one year ago.
Inventory Change
There were 6 5-bedroom homes listed in Grey Highlands over the last 30 days (October 30 - November 28), which is up compared with the previous 30 day period (September 30 - October 29) and up 200.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Grey Highlands typically sold ($495,000) (19.8%) below asking price over the last 30 days (October 30 - November 28), which represents a $362,000 decrease compared to the previous 30 day period (September 30 - October 29) and ($49,500) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Grey Highlands over the last 30 days (October 30 - November 28) stood at 16.7%, down from over the previous 30 days (September 30 - October 29) and down from 50.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Grey Highlands stood at 123 days when successfully sold over the last 30 days (October 30 - November 28), compared to 152 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sotheby's International Realty Canada, Brokerage (Collingwood)
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