16 Ontario Street, Lambton Shores, ON

$1,499,000
MLS#:X8434096
3 beds
1 baths
15.0 parking
Residential Freehold
16 Ontario Street N, Lambton Shores, ON N0M 1T0
⚠️

Property no longer active

This property was sold on July 23, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Grand Bend. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $1,499,000 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.

  • 3 Bedrooms and 1 Bathroom
  • Premium 41.25 x 209 ft lot size
  • Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
  • 15.0 total parking spaces available
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

**List Price is for both 16 & 18 Ontario St N** Location, Location, Location! Welcome to 16 & 18 Ontario St N, Grand Bend. Don't miss this attractive investment opportunity to own two side by side lots just steps from the Grand Bend main beach in the heart of busy downtown. Enjoy the beauty of Lake Huron, the white sandy beaches and the beautiful boardwalk with nonstop entertainment. Go fishing by the lighthouse pier or stop in at the splash pad with the family on a hot summer day. Possibilities for development are endless with the oversized, extra deep side by side lots that offer a great deal of prime location parking behind the restaurant. Don't miss out on this extremely rare opportunity to own a slice of paradise in the heart of Grand Bend! Please note - the business is not for sale, just the lots. Must purchase 16 & 18 together. Book your private showing today! SOLD TOGETHER WITH 18 ONTARIO ST

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Property Summary

This detached home located at 16 Ontario Street, Lambton Shores is currently for sale and has been available on SousaSells for 786 days. This property is listed at $1,499,000 with an estimated mortgage of $4,990* per month. It has 3 beds, 1 bathroom, and is unknown square feet. 16 Ontario Street, Lambton Shores is in the Grand Bend neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 3 bedrooms and 1 bathroom, this home offers ample space and comfort for growing families in Grand Bend, Lambton Shores.

Highly Recommended for Families
What We Love About This Home
  • 3 spacious bedroom layout offering versatile living space
  • 1 well-appointed bathroom
  • Desirable Detached architecture in Grand Bend, Lambton Shores
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Lambton Shores.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 23, 2024
Sold price information is available to members only
Listed Date6/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionAluminum Siding
BasementPartial Basement
Lot Size41.25 × 209 Feet
CountyLambton
Annual Tax$1,944
Legal DescriptionPL 30 LT 15

Parking & Garage

Parking Total15.0
Parking Space15
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Other

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 16 Ontario Street, Lambton Shores, ON

Q.What is the asking price for 16 Ontario Street, Lambton Shores, ON ?

The current listing price for 16 Ontario Street, Lambton Shores, ON in Grand Bend, Lambton Shores is $1,499,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 3 bedrooms and 1 bathroom.

Q.What property type and architectural style is 16 Ontario Street, Lambton Shores, ON ?

16 Ontario Street, Lambton Shores, ON is a Detached (1 1/2 Storey) featuring a Partial Basement basement.

Q.What interior features are included in this home?

Interior highlights include: Other.

Q.Is parking available at this property?

Yes, this property offers parking space for 15.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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16 Ontario Street, Lambton Shores, ON

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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 Ontario Street N, Lambton Shores, ON N0M 1T0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Lambton Shores.

Configure Loan Settings

Interest Rate4.00%
Down Payment$449,700 (30.0%)
* Minimum Canadian down payment required for this price is $299,800.
Amortization Period30 Years
Estimated Monthly Payment$4,990Based on a loan of $1,049,300 over 30 years.
Purchase Price$1,499,000
Loan Amount$1,049,300
Provincial Land Transfer Tax:$26,455
Total Estimated Closing Taxes:$26,455

About Purchasing a Home in Lambton Shores, ON

For a property listed at $1,499,000 in Lambton Shores, the legal minimum down payment is $299,800 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 $26,455 for this transaction. As this listing is in Lambton Shores (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,455.

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Grand Bend, Lambton Shores Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Grand Bend, Lambton Shores.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,210,459

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Grand Bend, Lambton Shores

Elementary Schools

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Secondary Schools

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Grand Bend, Lambton Shores Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.