$620,000

For sale

75 River Road, Lambton Shores (Grand Bend) - Single Family for Sale

75 River Road, Lambton Shores (Grand Bend), Ontario, N0M1T0

1 bed2 baths3 parking1,750 ft²39 × 66 ft (2,582 sq ft) lot sizeListed 125 days ago

Overview

This 1-bedroom, 2-bathroom home in Lambton Shores is for sale offering roughly 1,750 sq ft of space. Listed at $620,000, it is attractively priced about 34% below the $934,275 median asking price in Lambton Shores.

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Description

Welcome to 75 River Road, Grand Bend where you have a multi use two storey building overlooking the Grand Bend marina and river! 1 Minute walk to Grand Bend's south sandy beach on Lake Huron. HB Zoning allows for a variety of commercial uses. Main floor is ready for creativity offering 918 square feet of recently drywalled space with concrete floor and two piece bathroom. Second level 605 sq ft bachelor suite with full kitchen, full bathroom, living space with gas fireplace and sliding door to 6'x20' riverside balcony to take in the views! Location is just steps to the river, marina, Cottage Cafe, White Cap Rivershack, Sunset Arts Gallery, South Beach on Lake Huron and so much more with all the other Grand Bend amenities only a five minute walk away. Bring your creativity and vision because this is a very unique offering with lots of potential! (id:66096)

Property Details

MLS®: X13513410
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 39 × 66 ft (2,582 sq ft)
Frontage: 39 ft
Storeys: 2
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Bathroom: 0.9 x 2.1 meters
Other: 7 x 5.34 meters
Other: 3 x 2.67 meters
Other: 4.15 x 3.5 meters
Other: 2.87 x 3 meters
Other: 3.56 x 4.15 meters

Second level

Bedroom: 5.63 x 5.63 meters
Bathroom: 1.8 x 2.67 meters
Kitchen: 3 x 3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove, Microwave, Blinds, Window Coverings
Foundation: Slab
Exterior: Steel
Lot Features: Irregular lot size, Paved yard

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

125d

Lambton Shores (Grand Bend) listings, avg age

98d

Price / ft²

$354

List price

$620K

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.

Haho

This 1-bed single family in Lambton Shores (Grand Bend) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX BLUEWATER REALTY INC. · GARRETT PEDLAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0M)

This home lists at $620,000, about 6.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $121,108 (20% down, 25-yr amortization, stress-tested) — roughly 33% above the area median.

Median household income: $91,000
Population: 69,177
Median age: 46
Owner / renter: 82% / 18%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N0M)

$620,000· $354/ft²

For sale

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Full Cost Breakdown

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Down Payment5.97% · $37,000

Min 5.97%50%

Mortgage payment$3,232/mo

↳ CMHC premium ($23,320 capitalized)

Property tax (est.)$333/mo

Total monthly$3,565

Cash Needed to Close

Down payment (5.97%)$37,000

Land transfer tax$8,875

Est. closing costs$4,360

Total cash needed$50,235

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