$359,900
Lambton Shores
#5 8 OAK Street, Lambton Shores (Grand Bend), Ontario, N0M1T0
This 2-bedroom, 1-bathroom condo in Lambton Shores is for sale offering roughly 950 sq ft of space. Listed at $359,900, it is attractively priced about 15% below the $424,900 median asking price in Lambton Shores. It has been on the market 57 days, fresher than the Lambton Shores average of 98 days.
SNAP UP THE MOST AFFORDABLE HOME OWNERSHIP IN GRAND BEND JUST STEPS TO GRAND BEND'S FAMOUS MAIN BEACH! 8 Oak St is a young, well-maintained 10-unit condo complex is forever a popular maintenance free alternative to an older Village cottage. This extremely well-kept & recently renovated functional & efficient forced-air gas heated & central air-conditioned apartment style condo is located just 490 metres from the 3rd-best beach in the country, making it the perfect coastal escape or full-time residence or an affordable weekend / summertime getaway. Forget the city life & immerse yourself into relaxed beachside living, where weekends truly feel like vacations. Unit 5 is ideally positioned in the desirable 8 Oak complex tucked away from street traffic offering peace & quiet rarely found in the downtown "Village" core. Enjoy the convenience of in-unit private laundry, a bright open-concept renovated primary living space, a full bathroom, & 2 bedrooms, one with private balcony access. The mint condition throughout the unit ensures your investment goes a very long way. With a strong mortgage, owning this home even could cost less per month than renting, as comparable units now rent for over $1,800 per month + utilities. Enjoy easy ground-level access, ideal for those with mobility considerations, reserved parking right at your doorstep (w/ loads of additional visitor parking), & a private BBQ patio. Sip your morning coffee on the balcony as the sun rises, relax in the private condo gazebo yard, then stroll to the beach for a refreshing swim & a stunning sunset. Pets welcome! Just a 5 min walk to endless sandy shores, world-class sunsets, & all of Grand Bend's amenities, this beachside condo delivers exceptional value in today's market. Didn't think you could afford Grand Bend? Think again! Also, short term rentals are prohibited at this complex, which results in additional peace and quiet. Condo fees of $376.16/month cover full exterior, maintenance, snow removal, etc. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 98 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 2-bed single family in Lambton Shores (Grand Bend) has been listed for 57 days, which is 41 days fresher than the city average of 98. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $359,900, about 4.0× the local median household income of $91,000.
Carrying it typically needs a household income of about $70,301 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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