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$374,900
Available - For Sale
Listing ID: X12007474
Snap up the most affordable Grand Bend home ownership on the market as of March 2025 with this functional & efficient forced air gas heated & central air conditioned condo just steps from the beach! Get away from the city life & situate your weekends literally 490 meters from the 3rd best beach in the country. With this interior unit; nestled into the 8 Oak ten unit complex distancing you from the street traffic; you'll experience peace & quiet when compared to the rest of the downtown / "Village" sector. From the IN-UNIT private laundry to the immaculate condition of this well-renovated 2 bedroom home with a primary open concept living area & BRAND NEW bathroom w/ zero edge accessible tile shower, your money goes a very long way here. In fact, the investment minded buyer should note that, with a good mortgage, you could own this place for a month cost potentially lower than renting it, as they are now renting for over $1800 per month PLUS utilities! Given the shortage of long term rentals in town, this isn't just affordable home ownership within walking distance to all of Grand Bend's convenient amenities, it's also a solid income property. Literally park at your doorstep with easy ground level access (ideal for those with mobility issues) over a private patio with BBQs permitted, sip your morning coffee in the sunrise on your balcony or in the private condo gazebo yard, & then take a short walk to the beach for a nice swim & sunset. Didn't think you could afford Grand Bend? Think again! UPDATED kitchen appliances included along w/ the in-unit washer/dryer! In summary, this well-kept & recently renovated functional & younger 2 bedroom condo demonstrates outstanding value within the current market, especially on the beach side of the highway just a 5 minute walk to endless sandy shores & world class sunsets. Pets welcome at this friendly complex. Weekly rentals not permitted. This unit is NOT FOR RENT - FOR SALE ONLY.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $52,500 $105,000 $157,500 $210,000
First Mortgage $997,500 $945,000 $892,500 $840,000
CMHC/GE $27,431.25 $18,900 $15,618.75 $0
Total Financing $1,024,931.25 $963,900 $908,118.75 $840,000
Monthly P&I $4,389.7 $4,128.31 $3,889.4 $3,597.65
Expenses $0 $0 $0 $0
Total Payment $4,389.7 $4,128.31 $3,889.4 $3,597.65
Income Required $164,613.79 $154,811.59 $145,852.58 $134,912.06

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TRILAND REALTY

8 Oak Stre , Lambton Shores, N0M 1T0, Lambton


 
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Type: Com - Condo Apartment
Area: Lambton
Municipality: Lambton Shores
Neighbourhood: Grand Bend
Style: Other
Lot Size: x 0.00()
Approximate Age: 16-30
Tax: $1,679
Maintenance Fee: $350
Beds: 2
Baths: 1
Garage: 0
Fireplace: N
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