Welcome to 458 Princess Street, Shallow Lake-a versatile updated home offering the perfect blend of space, flexibility, and future potential. Whether you're looking for a family home, multigenerational living, or an investment opportunity, this property is designed to fit your lifestyle. The main level features 2 spacious bedrooms and 1 bathroom, while the fully finished lower level offers a second kitchen, potential for 2 additional bedrooms and 1 bathroom, providing plenty of room for extended family, guests, or a growing household. Potential to rent the basement apartment for extra income, this home presents an excellent opportunity to generate rental income or create a private in-law suite. The attached garage and dedicated workshop offer ample space for vehicles, tools, hobbies, or extra storage, making this property as practical as it is functional. Nestled in the friendly community of Shallow Lake, you'll enjoy the peace and privacy of small-town living while being only a 15 minute drive to Owen Sound for shopping, dining, schools, healthcare, and everyday conveniences. It's the ideal balance of quiet surroundings without sacrificing accessibility. Whether you're searching for extra living space, income potential, or a home that can adapt to your future needs, 458 Princess Street is a rare opportunity you won't want to miss. Many updates include the kitchen and electric panel in the last 10 years, back roof in 2024 and front roof 2019.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Total Approx Floor Area:
700-1100
Lot Depth:
70'7"21.5 m
Lot Frontage:
150'45.7 m
Direction Faces:
North
Bedrooms:
2+2
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
1
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
13
Heating type:
Baseboard
Heating Fuel:
Electric
Fireplaces:
2
Foundation:
Block
Roof:
Shingles, Metal
Basement:
Finished
Fireplace Features:
Freestanding, Natural Gas, Rec Room, Living Room
Fireplace/Stove:
Yes
Garage:
Attached
Garage Spaces:
1.0
Other Structures:
Workshop, Storage, Shed
Parking Spaces:
10
Total Parking Spaces:
10.0
Family Room:
No
Possession Details:
Flexible
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$2,109 /
2025
Assessment:
$- /
-
Grey County
Georgian Bluffs
Georgian Bluffs
Golf, Park, Hospital, School Bus Route, School, Place Of Worship
Primary Bedroom - Main Floor, Workbench, Storage, In-Law Capability
Deck, Landscaped, Privacy, Porch, Year Round Living
Data was last updated August 25, 2026 at 01:15 AM (UTC)
Area Statistics
Listings on market:
125
Avg list price:
$879,500
Min list price:
$219,900
Max list price:
$3,200,000
Avg days on market:
70
Min days on market:
5
Max days on market:
717
These statistics are generated based on the current listing's property type
and located in
Georgian Bluffs. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.