1-Acre M1-Zoned Bungalow with 16x32 Shop

Property details for 8349 Ravenswood Line, Lambton Shores

Type: Residential
Style: Bungalow
Bedrooms: 1
Bathrooms: 1
Lot Size: 501.7 FT
Stories: 1
Basement: Unfinished, N/A
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Vinyl siding
Ownership: Freehold
Annual Taxes: $1,094

This one-acre bungalow is all about the shop. A newer 16x32 detached garage with 50-amp service sits ready for projects or business. The M1 zoning opens doors for commercial use on the property. Inside, it's simple: one bed, one bath, plus living room and eat-in kitchen on a single level. Block foundation, vinyl siding. Low utility costs, which helps. The lot stretches 501 feet deep. Plenty of space to park and store things, or expand. Other storage buildings dot the property too. Pinery Provincial Park is about 9 km away for weekend escapes. Price sits at $349,000, and nearby listings are sparse. If you need space to work or potential to grow, this fits. Quick possession likely.

About 8349 Ravenswood Line, Lambton Shores — Property Score

Feature Rich

Score: 60/100

Value

Priced 20.4% above area median of $289,900 based on 5 comparable properties nearby 39

Stable pricing - no price changes since original listing date 50

Size

1 bedroom - 2 fewer than similarly priced 3-bedroom homes nearby 36

1 bathroom - 1 fewer than similarly priced properties nearby 48

Location

$60K median household income - near the Canadian average of $70K 60

78% of residents hold postsecondary credentials - a highly educated neighbourhood 86

94% homeownership rate - indicating a stable, owner-occupied community 96

51% of residents commute under 30 minutes - good commuting convenience 71

35/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 44 days on market 100

-11.7% median price change over 1 month - declining prices in the area 1

28.7 months of housing supply - 86 active listings with 3 sold last month (buyer's market) 40

Features

6-car garage - area average is 6.4 spots 95

Unfinished, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.31% effective tax rate ($1,094/yr) - very low tax burden 91

6% renter population - primarily owner-occupied area 37

Quality

Condition

Listing

38 photos provided - below the area average of 39 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

Lambton Shores, Ontario

Population

414

Median Age

48.8

Median Income

$31,168

Dwelling Value

$179,600

Housing Tenure

Owners 94%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.3

Pop. Density: 34.7/km²

Avg Shelter Cost: $961/mo

Owners with Mortgage: 50%

Owners Spending 30%+: 10.3%

Tenants Spending 30%+: 0%

English only: 97.6%

English and French: 2.4%

Median Household Income: $60,032

Median Employment Income: $29,504

Price History

Contact Agent Get in touch about 8349 Ravenswood Line, Lambton Shores

GERRY LYNN

LPT REALTY

519-318-8709

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