Lake Huron severance lot with 1945 house

Property details for 1065 Lakeshore Road, Sarnia

Type: Residential
Bedrooms: 5
Bathrooms: 2
Lot Size: 100.25 X 375.04 / 0.798 AC
Stories: 1.5
Parking: Garage
Heating: Forced air, Natural gas, Furnace
Exterior: Concrete/Stucco
Ownership: Freehold

This is a rare 0.8-acre slice of Lakeshore Road, right across from the beach. The existing 1945 house is basically a teardown; it's 5 beds, 2 baths, but not in showing condition. The real value is the land. You can sever it into two deep front-and-back lots with laneway access, just like the neighbors to the east did. Municipal services are already at the site, so you can bring your builder and plans. The lot stretches 100 by 375 feet, giving you plenty of room for a big estate or two smaller builds. Location is unbeatable: walk to the beach, bike the trails, kayak on Lake Huron. Canatara Park is a few minutes away, and Point Edward's Blue Water Bridge is about 4 km. The asking price of $699,900 is right in line with the median for the area, but given that only one other listing was nearby, it's a rare find. There's also a temporary HST rebate on new builds in Ontario that could save you tens of thousands if you act within the year. Hurry up, because land like this doesn't come up often.

About 1065 Lakeshore Road, Sarnia — Property Score

Prime Location

Score: 57/100

Value

Priced 32.1% above area median of $529,900 based on 83 comparable properties nearby 22

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

2 bathrooms - 1 fewer than similarly priced properties nearby 48

37,598 sqft lot - an oversized lot for the area 90

Location

$88K median household income - above the Canadian average of $70K 74

94% of residents hold postsecondary credentials - a highly educated neighbourhood 100

87% homeownership rate - indicating a stable, owner-occupied community 91

95% of residents commute under 30 minutes - excellent commuter accessibility 100

2,356/km² population density - a well-balanced suburban area 94

Market

Just listed - area average is 118 days on market 100

-30.1% median price change over 1 month - declining prices in the area 1

61.5 months of housing supply - 123 active listings with 2 sold last month (buyer's market) 40

Features

efficient gas forced air heating 80

No cooling system listed - common in cooler climate areas 30

Built in 1945 (81 years old) - established home with character, older than the area average (1968) 35

Waterfront - premium features that add significant value 70

Investment

14% renter population - primarily owner-occupied area 46

Quality

Condition

Listing

17 photos provided - below the area average of 34 photos 85

3 of 7 key property details provided (43%) - some key property details missing 58

* 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.