16 Spence Street, Saugeen Shores, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Saugeen Shores. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,750,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 810 x 334 ft lot
- Notable attributes: None
Description
Draft plan is approved. The development agreement has been drafted by the municipality and the site is ready to service. Close now and save by servicing the property yourself. Servicing capacity has been verified. This site is fully approved for 58 condo units (22 Street Towns and 36 Stacked Towns) and 15 Single Family homes. The single family lots are 50' and the condos are spaced such that it will actually allow for bungalow and accessible units.
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Property Summary
This vacant land located at 16 Spence Street, Saugeen Shores is currently for sale and has been available on SousaSells for 449 days. This property is listed at $4,750,000 with an estimated mortgage of $15,811* per month. It has 0 beds, 0 bathrooms, and is < 700 square feet. 16 Spence Street, Saugeen Shores is in the Saugeen Shores neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Heating & Cooling
Features
Property Features
Beach, Hospital, Park
Interior Features
None
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Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 16 Spence Street, Saugeen Shores, ON N0H 2L0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Saugeen Shores, ON
For a property listed at $4,750,000 in Saugeen Shores, the legal minimum down payment is $950,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $105,225 for this transaction. As this listing is in Saugeen Shores (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $105,225.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.