223 Ontario Street S, Lambton Shores

$749,000
223 Ontario Street S

$749,000

New
16d
DetachedBungalow

223 Ontario Street S, Lambton Shores

Total Monthly Obligation $3,805

Beds
5
Baths
3
Park
9
Sqft
2500-3000
DOM
16d
Score
18
Yield
4.5%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-X13877136
Beds-5
Bathrooms-3
Size-2500-3000 sqft
Lot Size-78.29 × 624.99 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,903 (2025)
Parking-13 - Detached
Basement-Crawl Space, Full
Heating-Forced Air (Gas)
Brokerage-ANCHOR REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-West
Exterior-Metal/Steel Siding, Wood
Roof-Asphalt Shingle, Metal
Foundation-Concrete Block, Slab
Sewer-Septic
Possession-30-59 days
Neighbourhood-Grand Bend
Title-Residential Freehold

No agent assigned

Property to be auctioned by North American Auctioneers with auction closing October 28, 2026 6pm. A rare chance to create your own dream getaway, investment property or multi-generational living on a 1.1 acre bush lot that backs onto a scenic river system perfect for canoeing, kayaking, fishing and skating in the winter! This unique property offers the ultimate blend of recreation, relaxation, and lifestyle with ample parking. Featuring three separate buildings with many recent updates: Main House: is a 2 bed, 2 bath that has been renovated throughout with modern finishes, new appliances, quartz countertops, in-floor heating in the main spa inspired bathroom and basement upgrades to the crawl space. Guest House: is a 3 bed, 1 bath with a nostalgic retro vibe / classic cottage character and includes all furnishings! Loft-Style Garage with double bay doors that includes a nature inspired bathroom, kitchen area and in-floor heating system for year-round comfort or convert back to a dream garage or workshop and includes all furnishings! All units are on municipal water, separate septic systems and for added flexibility there are two separate hydro meters and two separate gas meters. One water heater is owned and two are rented. Grand Bend Rotary Nature Trail which offers 9 km of flat paved path winding through meadows parallel to Highway 21, safely connecting Grand Bend directly to the entrance of Pinery Provincial Park. Property located just a few minutes walk from Grand Bend's famous beaches, 5 km to Huron County Playhouse / Winery, 5 km to Grand Bend Motorplex, 7 km to the Pinery Provincial Park, 45 min drive to London, 45 min drive to Sarnia. This is a property packed with potential Please visit our website northamericanauctioners.com for auction documents and additional information.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$3,805/mo
Mortgage $3,021
Monthly Loss $3,010
Principal$795
Interest$2,226
Property Tax$409
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,600/yr
NOI
$20,837/yr
Net Cash Flow
-$1,285/mo
Cash Margin
-45.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
21.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 223 Ontario Street S

Time

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