$1,850,000
11.18 BTC
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Map
516 Allison Road, Prince Edward County
$1,850,000
PRICE
3 + 2
BEDROOMS
3
BATHROOMS
X12277500
MLSID

516 Allison Road, Prince Edward County

This rare and unique property offers an outstanding culmination of modern comfort, stunning lake views, and incredible income potential. A dream that has come to fruition over the last seven years, this versatile Big Island estate on the Big Bay is nestled on a spacious two and a half acre lot. Anchored by the grand three bedroom home, with a two bedroom lower level apartment. A secondary two bedroom bungalow. A charming three season cottage, (each dwelling with their own septic system!) and a massive barn, this property is ideal for multi-generational living, rental opportunities, or a private retreat. The central home is bright and inviting, with large windows that capture breathtaking water views. The airy main level features a primary bedroom retreat in the west wing. Two bedrooms in the east wing. A spacious kitchen with a breakfast area overlooking the water and a warm living area. Everything seamlessly tied together by the dining room that boasts cathedral ceilings. Relax and unwind in the hot tub room or step outside to enjoy the above-ground pool, perfect for lazy summer days, lounging and looking out over the water. The fully finished basement apartment offers a private two bedroom suite with its own entrance, providing an excellent rental or in-law suite option. Adding even more value, the secondary two bedroom bungalow is perfect for guests, extended family, or additional rental income. The charming three season cottage offers even more flexibility, whether as a seasonal retreat, studio space, or summer rental. The massive barn is a standout feature, offering endless possibilities for storage, hobbies, or workshop. With breathtaking water views, multiple living spaces, and so many possibilities, this property is a must-see. Whether you're looking for an investment opportunity, a family compound, or a serene lakeside retreat, this one-of-a-kind property has it all! The waterfront is accessible! Come visit Big Island and you too Can Call The County Home!
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Summary

Address
516 Allison Road
MLSID
X12277500
Property Type
Detached
Property Category
Bedrooms
3 + 2
Bathrooms
3
Kitchens
1 + 1
Zoning
RR2
Taxes (Annual)
$8,862.00
Tax Year
2024
Published
July 10, 2025
Days on Market
32 Days
Possession Type
60-89 Days
Possession Details
60-90
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Inclusions

3xFridges, 3xStoves,2xWashers,2xDryers,1xStacked Washer/Dryer, Furniture in secondary dwelling and cottage.

Exclusions

Fridge in Garage, All Chest Freezers (x3), Kitchen "Island" in basement, Chicken Coupe fencing.

Details

Property Features
Clear View, Lake Access
Bathroom 1
4-Piece Main Level
Bathroom 2
5-Piece Main Level
Bathroom 3
3-Piece Lower Level
Parking Spaces
10
Parking Total
12
Parking Features
Private
Architectural Style
Bungalow
Roof
Asphalt Shingle
Construction Materials
Vinyl Siding
Lot Size
2 Acres
Lot Width
453 Feet
Lot Depth
171 Feet
Water
Well
Heat Source
Propane
Heat Type
Forced Air
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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