$ 799,000

Lake Erie waterfront bungalow with rental income

Property details for 2966 North Shore Road, Dunnville

Type
Residential
Style
Bungalow
Bedrooms
2
Bathrooms
1
Living Area
720 square feet
Stories
1
Basement
Unfinished, Partial
Heating
Forced air, Natural gas
Cooling
Window air conditioner
Exterior
Vinyl siding
Ownership
Freehold
Annual Taxes
$3,576

This 1925 bungalow sits right on Lake Erie with 52 feet of waterfront, and it's pulling in about $400 a night as an income property. The main floor has vaulted ceilings in the combined lounge and dining area, plus an open kitchen with a built-in microwave, gas stove, and dishwasher. It's compact-just 720 square feet-but the layout works: two bedrooms, one 3-piece bath, and a foyer to drop your stuff. The place has been through some recent updates, including a new NG furnace and a fresh break wall, so you're not walking into a money pit. Outside, there's a big stamped-concrete patio, a crushed stone driveway with parking for 10, and the adjacent lot comes with it, giving you more green space and water frontage. It's zoned for short-term rentals, and the current hosts have been running it successfully, so you could keep that going or just use it as a weekend escape. You're 10 minutes from Rock Point Provincial Park, under an hour to Hamilton, and about 90 minutes to the GTA. Water comes from a cistern, sewer's a holding tank-par for the course in this area. Taxes run $3,576 a year, and at $799K, you're paying for the location and the income potential, not the square footage. One active listing nearby, same price, so you've got a clear benchmark.

About 2966 North Shore Road, Dunnville — Property Score

65
Strong Investment Great Location
Score: 65/100
Value
50
Stable pricing - no price changes since original listing date 50
Size
46
720 sqft - 38% less space than similarly priced homes (1,156 sqft median) 30
2 bedrooms - 1 fewer than similarly priced 3-bedroom homes nearby 48
1 bathroom - typical for similarly priced properties 60
Location
76
$73K median household income - near the Canadian average of $70K 67
81% of residents hold postsecondary credentials - a highly educated neighbourhood 89
98% homeownership rate - indicating a stable, owner-occupied community 99
47% of residents commute under 30 minutes - good commuting convenience 68
25/km² population density - a rural or semi-rural setting 55
Market
73
Just listed - area average is 34 days on market 100
+5.9% median price change over 1 month - rising prices in the area 80
23 months of housing supply - 46 active listings with 2 sold last month (buyer's market) 40
Features
71
10-car parking - more than the area average of 6.2 spots 95
Unfinished, Partial basement - adds valuable living space 85
efficient gas forced air heating 80
Window-unit cooling 50
Built in 1925 (101 years old) - established home with character, older than the area average (1959) 35
Waterfront, View - premium features that add significant value 80
Investment
87
0.45% effective tax rate ($3,576/yr) - very low tax burden 87
Quality
50
Condition
50
Listing
89
33 photos provided - below the area average of 44 photos 92
6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.

Full Listing Description

All Property Details

Neighbourhood Census Data

Wainfleet, Ontario

Population
642
Median Age
47
Median Income
$31,923
Dwelling Value
$299,156

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.7
Pop. Density: 24.6/km²
Avg Shelter Cost: $1,093/mo
Owners with Mortgage: 53.5%
Owners Spending 30%+: 14%
Tenants Spending 30%+: 0%
English only: 93.8%
English and French: 5.5%
Median Household Income: $73,472
Median Employment Income: $31,872

Price History

Contact Agent Get in touch about 2966 North Shore Road, Dunnville

Sarah Ross
Keller Williams Complete Realty

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