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$599,000
Lambton Shores
34 Ontario Street South, Lambton Shores (Grand Bend), Ontario, N0M1T0
This multi-family property in Lambton Shores is for sale offering roughly 2,492 sq ft of space. It has been on the market 0 days, fresher than the Lambton Shores average of 97 days.
6.28% CAP RATE! Strategically positioned within the high-traffic C2-zoned corridor of Grand Bend, 34 Ontario Street South offers premium highway exposure and established signage infrastructure in a high-visibility area. This versatile property features four fully tenanted units with a history of consistent occupancy, complemented by excellent frontage and on-site parking. Its location is a primary asset, situated just 950 meters from the Grand Bend Main Beach and even closer to the vibrant downtown core, ensuring high pedestrian and vehicle traffic essential for long-term commercial viability. With the majority of units having undergone recent renovations to support a streamlined management profile, this property provides a solid foundation for existing revenue streams and future redevelopment within one of the region's most active growth corridors. Detailed financial information and lease summaries are available upon request for qualified inquiries. Any plans for mixed-use or future redevelopment should be confirmed directly with the Municipality of Lambton Shores. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 0 days on market, against an average age of 97 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 61 days on the market over the past year, against a median of 48 days across the markets we publish.
This multi-family in Lambton Shores (Grand Bend) has been listed for 0 days, which is 97 days fresher than the city average of 97. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,000, about 6.6× the local median household income of $91,000.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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