11573 Beach Road, Wainfleet, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey vacant land located in the coveted neighborhood of 880 - Lakeshore. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $475,000 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 1100-1500 sqft on a premium 40.11 x 99.27 ft lot
Description
Remarkable opportunity to build your dream beachfront, all-season house or recreational cottage home on the beautiful shores of Lake Erie. Steel break wall with concrete patio offers protection from inclement seasonal weather. Ten minute drive to Port Colborne. Current house structure is deemed a tear-down (no entry allowed for any viewings). Separate lot available across the street (MLS # X37496720). Seller (Mabo Westside Construction Ltd.) is a registered and reputable builder with 60 years of family-owned construction experience, and also willing to design and build your dream home for you. Price is plus HST, however please note that with the newly introduced enhanced HST rebate program by the government, this is a rare opportunity to take advantage of significant development savings on a newly built home (https://news.ontario.ca/en/release/1007212/ontario-expanding-hst-rebate-to-lower-the-cost-of-new-homes-in-partnership-with-the-federal-government). Holding tank installed 2023.
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Pricing & Value Insights
Data-driven valuation for 11573 Beach Road E, Wainfleet, ON L0S 1V0
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About Purchasing a Home in Wainfleet, ON
For a property listed at $475,000 in Wainfleet, the legal minimum down payment is $23,750 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 $5,975 for this transaction. As this listing is in Wainfleet (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,975.
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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.