$1,250,000

$1,350,000For salePrice drop↓ $100,000 (7%)

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12343 Lakeshore Road, Wainfleet (Lakeshore) - Single Family for Sale

12343 Lakeshore Road, Wainfleet (Lakeshore), Ontario, L0S1V0

15 beds7 baths8 parking4,250 ft²50 × 476 ft (23,863 sq ft) lot sizeListed 112 days ago

Overview

This 15-bedroom, 7-bathroom home in Wainfleet is for sale offering roughly 4,250 sq ft of space.

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Description

This is an opportunity of a lifetime! Seven adorable cottages on one lot with an incredible sand beach in beautiful Long Beach. Two cottages are fully winterized. On-site water system services all cottages and 3 holding tanks are available for sewage disposal. Cottages come fully furnished with all amenities including bedding, kitchen supplies and furnishings. Enjoy balmy evenings sitting on your concrete patio as you watch the best sunsets ever or enjoy a cool cocktail under the Tiki umbrella while the kids play on the endless sand beach and float in the warm waters of Lake Erie. Enjoy all that this area has to offer including Famous DJ'S restaurant, Hippos, family friendly Long Beach Country Club and beautiful Port Colborne with its unique eateries and boutiques. Love hiking...Niagara has amazing trails. Thinking wine or craft beer...Niagara has endless options. So call your family and friends and enjoy Lake living this season. Immediate possession is available. Most cottages totally renovated within the last few years. Can be used as a monthly rental with no license. An additional lot on the North side of Lakeshore is also available for sale for additional parking. (id:66096)

Property Details

MLS®: X13571370
Property Type: Single Family
Zoning: RLS.C15
Bedrooms: 15
Beds (above / below): 15 above · 0 below
Bathrooms: 7
Parking: 8
Interior Size: 4,250 ft²
Lot Size: 50 × 476 ft (23,863 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Waterfront

Features

Appliances: Water Treatment, Water Heater
Foundation: Wood/Piers
Exterior: Vinyl siding
Lot Features: Level

Services

Water: Dug Well
Sewer: Holding Tank
Utilities: Electricity, Telephone, Wireless, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

112d

Wainfleet (Lakeshore) listings, avg age

95d

Price / ft²

$294

List price

$1.25M

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 15-bed single family in Wainfleet (Lakeshore) 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 NIAGARA REALTY LTD, BROKERAGE · Kate Ostryhon-Lumsden

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0S)

This home lists at $1,250,000, about 13.2× the local median household income of $95,000.

Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 157% above the area median.

Median household income: $95,000
Population: 60,409
Median age: 53.2
Owner / renter: 87% / 13%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0S)

$1,250,000· $294/ft²

For sale

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Full Cost Breakdown

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Down Payment8% · $100,000

Min 8%50%

Mortgage payment$6,376/mo

↳ CMHC premium ($46,000 capitalized)

Property tax (est.)$877/mo

Total monthly$7,253

Cash Needed to Close

Down payment (8%)$100,000

Land transfer tax$21,475

Est. closing costs$6,250

Total cash needed$127,725

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12343 Lakeshore Road, Wainfleet (Lakeshore) - Single Family for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L0S)

Book a showing

Full Cost Breakdown