223 Ontario St S

Lambton Shores | Grand Bend | N0M 1T0
  • 6
  • 4
  • 0

$1,250,000

Est. Mtg $4,238 /mo
  • Days on market

    21

  • Status

    New

Listing Broker CERTAINLI REALTY INC
Since listed: 0 views

Home details

MLS #:

X9361442

Property type:
Detached
Style:
Bungalow
Taxes:
$4,739
Possession:
30-60 day flex
Lot Front:
80.0   Feet
Lot Depth:
604.0   Feet
Basement:
Full | Unfinished
Driveway Pkg:
10
Heat:
Gas | Forced Air

Description


223 Ontario St S, , Lambton Shores, Ontario is a Detached property in Lambton Shores and in the Grand Bend community in the N0M 1T0 postal code


RARE OPPORTUNITY THREE PROPERTIES ON ONE LOT!! This property boasts THREE renovated homes on a 1.5 acre mature treed lot backing out onto the river. Walking distance to the Main strip in Grand Bend, this location is convenient and attractive to potential vacation renters. Depending on how you plan to use this property, there are multiple profit generating strategies. Option #1: Short Term Rentals. Approx. $1000 a night to rent the property in peak season. Option #2: Mortgage Helper. Make one property your primary residence and rent out the other 2 properties. Option #3: Make this your primary residence ready to entertain large gatherings. Option #4: Sever the lot and maximize its value. Property breakdown: House 1: 2 bed/2 baths. House 2: 3 beds/1 bath. House 3: Loft style garage- open concept with 1 bed/1 bath. Property details to note:all 3 homes have been completely renovated. They all have their own HVAC systems (HWT, furnace, AC, laundry, appliances). Each property also has its own septic system and they are all connected to town water. There are 2 hydro meters and 2 gas meters. The property sits on 1.5 acres and has enough parking for 15 or more spots. It also backs onto a private river that can be used for kayaking, fishing, etc. Updates include: new furnace, new windows, new electrical, heated floors. Essentially the homes have been completely renovated inside. This property is truly one of a kind and can appeal to many different types of buyers. Please check out the Virtual Tour URL and the Additional Pictures URL for beautiful drone footage and many more pictures of the lot and properties. Dont miss this opportunity and schedule a showing today!.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2010-10 2024-02 $389,000 $389,000 Exp X7866273
2024-06 2024-09 $1,300,000 $1,300,000 Ter X9004492
2024-09 2024-09 $1,250,000 $1,250,000 New X9361442

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity Detached

Sale activity

Lambton Shores :

Properties sold
Average sale price
New Listings
Year on Year Growth

Municipality activity All Property Types

Sale activity

Lambton Shores :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 223 Ontario St S

Based on available 3rd party data

$4768

Approximate costs per month

Mortgage
$4238 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$394 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker CERTAINLI REALTY INC
Data Source: TRREB

Payment calculator

$4633 monthly. In association with: TD Bank
%
  • Principal and Interest
    4238 /mo
  • Property Taxes
    $394 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Palma Dametto, Realtor

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