223 ONTARIO STREET S, Lambton Shores, Ontario, N0M1T0
Property TypeSingle Family

RARE investment opportunity!! This property boasts THREE renovated homes on a 1.5 acre mature treed lot backing out onto the river. Walking distance to Main strip in Grand Bend, this location is convenient and attractive to potential vacation renters. Depending on how you plan to use this property, there are multiple profit generating strategies. Option #1: Short Term Rentals. Approx. $1000 a night to rent the property in peak season. Option #2: Mortgage Helper. Make one property your primary residence and rent out the other 2 properties. Option #3: Make this your primary residence ready to entertain large gatherings. Option #4: Sever the lot and maximize its value. Property breakdown: House 1: 2 bed/2 baths. House 2: 3 beds/1 bath. House 3: Loft style garage- open concept with 1 bed/1 bath. Property details to note:all 3 homes have been completely renovated. They all have their own HVAC systems (HWT, furnace, AC, laundry, appliances). Each property also has its own septic system and they are all connected to town water. There are 2 hydro meters and 2 gas meters. The property sits on 1.5 acres and has enough parking for 15 or more spots. It also backs onto a private river that can be used for kayaking, fishing, etc. Updates include: new furnace, new windows, new electrical, heated floors. Essentially the homes have been completely renovated inside. This property is truly one of a kind and can appeal to many different types of buyers. Please check out the Virtual Tour URL and the Additional Pictures URL for beautiful drone footage and many more pictures of the lot and properties. Don't miss this opportunity and schedule a showing today! (id:15069)

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Community FeaturesFishingFeaturesWooded area, Flat site
OwnershipFreeholdParking Spaces10
TransactionFor saleViewRiver view
Zoning DescriptionR6
Bedrooms Main level6AppliancesWater Heater, Water meter
Architectural StyleBungalowBasement DevelopmentUnfinished
BasementFull (Unfinished)Construction Style AttachmentDetached
CoolingCentral air conditioningExterior FinishVinyl siding, Shingles
Fireplace PresentYesFireplace Total1
FoundationConcreteBathrooms (Half)1
Bathrooms (Total)4Heating FuelNatural gas
HeatingForced airStoreys Total1
TypeHouseUtility WaterMunicipal water
Size Frontage80 ftSewerSeptic System
Size Depth604 ftSize Irregular80 x 604 FT
Level Type Dimensions
Main levelKitchen3.89 m x 4.15 m
Main levelDining room3.92 m x 4.31 m
Main levelLiving room4.69 m x 4.74 m
Main levelBedroom3.57 m x 4.12 m
Main levelBathroom2.96 m x 4.12 m
Main levelBedroom 22.91 m x 2.96 m
Main levelBathroom2.36 m x 1.55 m


Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :02/07/2024 11:21:10 AM

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