40 Ontario Street #4
Lambton Shores, N0M 1T0·MLS® X13166266·
Listing courtesy of Exp Realty·Updated yesterday
Listing price
$625,000
Est. $2,977/mo
Days on market
Listed May 23, 2026
Description
Welcome to Village on the Ausable, a sought-after riverfront condominium development in the heart of Grand Bend. The river views from both the interior and exterior of this prime end unit are incredible! Step inside to an airy, open-concept main floor. This beautiful year round home or cottage has undergone several thoughtful, modern updates on both levels. The massive kitchen is perfect for entertaining, featuring quality quartz countertops and sleek custom cabinetry. The spacious living area-anchored by a cozy gas fireplace-flows seamlessly out to a private, glass-railed deck. It is the absolutely perfect vantage point for outdoor dining, relaxing, and watching the boats glide past. Three spacious upper-level bedrooms provide plenty of room for family, guests, or a home office. The complex's sprawling, manicured grounds include exceptional amenities such as a saltwater pool, gazebo, fire pit, bike and kayak racks, and boat docking along the charming boardwalk fronting the property. Village on the Ausable is in a great location: you're just a short walk away from beaches, restaurants, shopping, and downtown amenities. Imagine spending the perfect day on a gorgeous stretch of Lake Huron beach, easily accessible by foot, paddleboard, or boat. You return at the end of the day to view the world-class sunsets this area is known for. A short drive gets you to Pinery Provincial Park, golf courses, wineries, breweries, and so much more. Whether you are looking to downsize in style or find the ultimate waterfront getaway, this spectacular, maintenance-free unit is ready for you to move right in and enjoy the fantastic lifestyle this region has to offer! (Note: Condo owners receive an annual first right of refusal for any available dock space for a fee. At the time of listing, there are currently two boat slips available.)
Property details
Basement
None
Parking
1 spaces
Type
Other — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$8,975
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$335,000
A6 - 9910 NORTHVILLE Crescent, Lambton Shores
See all 5 comparables
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Market conditions · Grand Bend
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$2,500
Rental yield
4.8%
Est. cash flow
-$1,534
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$151,267
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$625,000
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