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40 Ontario Street #4

Lambton Shores, N0M 1T0·MLS® X13166266·

Listing courtesy of Exp Realty·Updated yesterday

3Beds
2Baths
1,200-1,399Sqft
Year Built

Listing price

$625,000

Est. $2,977/mo

Days on market

18

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

$625,000At Market
$587,500$662,500

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Grand Bend

Lambton Shores, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,977
Property tax$677
Insurance (est.)$130
Utilities (est.)$250
Total monthly$4,034

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

May 23, 2026Listed
$625,000

Sold comparables nearby

A6 - 9910 NORTHVILLE Crescent, Lambton ShoresSold

$335,000

A6 - 9910 NORTHVILLE Crescent, Lambton Shores

2 bd·2 ba·826 sqft

See all 5 comparables

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Market conditions · Grand Bend

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$151,267

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$625,000

At Market

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