$349,000

For sale

8349 Ravenswood Line, Lambton Shores - Single Family for Sale

8349 Ravenswood Line, Lambton Shores, Ontario, N0M1N0

1 bed1 bath6 parking350 ft²Listed 78 days ago

Overview

This 1-bedroom, 1-bathroom home in Lambton Shores is for sale offering roughly 350 sq ft of space. It has been on the market 78 days, fresher than the Lambton Shores average of 99 days.

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Description

ATTENTION INVESTORS, ENTREPRENEURS & FIRST-TIME BUYERS! A rare opportunity awaits with this spacious bungalow situated on over 1 ACRE and offering M1 ZONING, opening the door to an incredible range of residential, commercial, and entrepreneurial possibilities. Whether you're looking for an affordable home, a property where you can operate your own business, or simply a large piece of land with room to grow, this property is worth a serious look. This charming 1-bedroom, 1-bathroom bungalow offers comfortable and affordable living with LOW UTILITY COSTS, making it an excellent option for those looking to keep monthly expenses manageable. The oversized property provides plenty of room for parking, storage, hobbies, business use, and future possibilities. The newer 16' x 32' DETACHED GARAGE features 50-AMP SERVICE and makes an ideal workshop, hobby space, or additional storage area. There are also other storage buildings on the property check this property out today! (id:66096)

Property Details

MLS®: X13694048
Property Type: Single Family
Zoning: M1
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 350 ft²
Frontage: 502 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $1,094.37/yr
Listed

Rooms

Main level

Kitchen: 5.26 x 2.58 meters
Other: 3.31 x 3.74 meters
Primary Bedroom: 2.03 x 2.96 meters
Living room: 3.13 x 5.19 meters
Bathroom: 2.03 x 2.14 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Freezer, Window Coverings, Water Heater
Foundation: Block
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

78d

Lambton Shores listings, avg age

99d

Price / ft²

$999

List price

$349K

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 has been listed for 78 days, which is 21 days fresher than the city average of 99. Act while there is still low competition.

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Listed by LPT REALTY · GERRY LYNN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0M)

This home lists at $349,000, about 3.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $68,172 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$349,000· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,450

Min 5%50%

Mortgage payment$1,838/mo

↳ CMHC premium ($13,262 capitalized)

Property tax (est.)$91/mo

Total monthly$1,929

Cash Needed to Close

Down payment (5%)$17,450

Land transfer tax$3,710

Est. closing costs$3,547

Total cash needed$24,707

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