101 - 796468 Grey Road 19

Welcome to your dream getaway! Nestled in the picturesque community of Blue Mountains, this charming condo apartment at 796468 Grey Road 19, Blue Mountains, is a rare gem that perfectly combines luxury and practicality. If you’re on the hunt for an apartment for sale in Blue Mountains , look no further! This ground-floor "True One-Bedroom" suite at North Creek Resort is an absolute must-see, especially for those who appreciate the thrill of ski-in/ski-out living.

As you step inside, you’ll immediately notice the inviting atmosphere of this well-appointed 2-storey building. The exterior, clad in warm wood, complements the stunning natural surroundings. This apartment for sale in Blue Mountains boasts a separate living area, which enhances privacy and adds to its rental appeal. With a total of four rooms, including a spacious bedroom and a well-equipped main kitchen, this unit is designed for both comfort and functionality.

The apartment is unfurnished, allowing you to personalise the space to your liking. However, it’s worth mentioning that the unit does come with a cosy fireplace, perfect for those chilly winter evenings after a day on the slopes. The condo is also equipped with a wall unit air conditioning system, ensuring a comfortable environment all year round. Although there’s no central vacuum system or additional land, the amenities provided more than make up for it.

One of the standout features of this apartment for sale in Blue Mountains is its impressive revenue potential. With a projected gross revenue of $34,419.32 for 2025, and a remarkable $11,377 earned in just the first three months, this condo is a high-performing turnkey asset. It’s ideal for investors looking to add to their portfolio or anyone seeking a personal retreat that pays for itself. The CAP rate of 5.67% is notably higher than the Ontario average of 4.4%-5.1%, making this an attractive investment opportunity.

The location couldn’t be better! Situated just steps away from the North Chair lift, this apartment offers unrivalled ski-in/ski-out access, making it a prime choice for winter sports enthusiasts. And when the snow melts, the fun doesn’t stop. You’ll be mere moments from year-round hot tubs, a seasonal outdoor pool, North Winds Beach, and a variety of golf courses. Plus, the popular on-site restaurant, The Indian Spice, is just a stone's throw away, providing a fantastic dining option after a day of adventure.

For those who enjoy exploring the vibrant local scene, a free shuttle service conveniently stops right at your door, whisking guests away to the dining and shopping delights of Blue Mountain Village in just minutes. It’s the perfect blend of convenience and leisure, making this apartment for sale in Blue Mountains a truly exceptional find.

In terms of financials, the condo fees are reasonable at $606.66 per month, which includes water and basic cable. Hydro costs are approximately £110 per month, keeping your expenses manageable. Just a heads up, HST is applicable but deferrable for registrants, and a 0.5% BMVA fee is payable on closing by the buyer.

Whether you’re looking to invest in a luxury portfolio or seeking a personal four-season retreat, this unique one-bedroom layout at 796468 Grey Road 19, Blue Mountains, offers an accessible entry point into Ontario's premier resort market. Don’t miss out on this fantastic opportunity to own an apartment for sale in Blue Mountains that promises both lifestyle and income potential. Grab your chance to own a slice of paradise today!

The Blue Mountains, located just a short drive from Sydney, is a stunning geographic region renowned for its breathtaking natural beauty and rich biodiversity. This mountainous area is characterised by its dramatic cliffs, lush eucalyptus forests, and cascading waterfalls, offering a plethora of outdoor activities such as hiking, rock climbing, and mountain biking. The charming towns scattered throughout the region, like Katoomba and Leura, provide a delightful blend of heritage architecture, local artisan shops, and cosy cafés, creating a welcoming atmosphere for residents and visitors alike. With its crisp mountain air and vibrant flora and fauna, the Blue Mountains is not just a place to live; it’s a lifestyle that embraces nature and community spirit in equal measure.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 793 residents, with an average household size of 2.1 individuals. The community has a relatively mature demographic, with an average age of 51.6 years. Economic indicators are strong, as evidenced by an impressive average household income of $170,000, although 8.4% of the population falls within the low-income bracket. The real estate market reflects this affluence, with average property prices around $1,100,000. A third of the population (33.33%) is single, while 26.92% of households include children, suggesting a mix of family structures. The area is also home to a diverse population, with nearly 19% of residents being immigrants. Rental occupancy is low at 11.43%, indicating a predominantly owner-occupied housing market, with 10% of homes being condominiums. Education levels are notably high, with 62.4% of residents holding a college or university degree. However, it is worth noting that a significant portion of the population, 39.2%, is not actively participating in the labor force, which may influence local economic dynamics. Overall, this area presents a blend of affluence, education, and demographic diversity.