37 Lake Shore Dr, Grand Bend – Oakwood Lakefront

$2,390,000.00 CAD

Description

An Iconic Oakwood Lakefront Property For Sale

37 Lake Shore Dr in Oakwood Park, Grand Bend, ON – First Time Offered for Sale in Over 40 Years

It’s been over 2 years now since a proper Oakwood lakefront property has been offered for sale in the sought after northern section of the subdivision.  37 Lake Shore Drive could not be more ideally located for maximum privacy and phenomenal views.  The location of the wistful log cabin atop a manicured bluff fosters an exceptional vantage point, providing some of the best lakefront views in the subdivision. This is truly a once in a lifetime opportunity in Oakwood Park – Grand Bend Lakefront property at its finest!  Here are few key features / facts:

  • 4 Bedroom / 2 Full Bathroom Nostalgic Log Home, One of the First Oakwood Lakefront Cottages Circa 1920 (Heritage Zoning NOT Applicable)
  • Featuring Original Fieldstone Fireplace, 2 Car Attached Garage, a Legitimate Lodge Great Room, and a Large Lakefront Master Bedroom with Walk-In Closet and Ensuite Bath
  • 93 Feet of Frontage on the Lake with Private Access to the Most Extraordinary Beach in Downtown Grand Bend, Consistently Large Regardless of Water Levels
  • 92 of Frontage at the Road Tucked Away in the most Exclusive Private / Gated Subdivision in Downtown Grand Bend
  • Increased Privacy on Northern Lot Line Due to Foot Path that is Hardly Used
  • Epic Views of the Lake from Almost Any Position on The Western Side of Lot
  • Loads of Updates to Core Systems
  • Main Floor Living!
Oakwood Lakefront Private Beach
$25K Per Front Foot of Premium Private Beach

About 2 years have passed since the similar (but smaller) neighboring Oakwood lakefront property next door sold in short order just shy of $2 million.  Since that time, there has not been another comparable lakefront offering in Oakwood Park.  However, the comparable gated private subdivision on the south side of Grand Bend known as Beach O’ Pines has experienced frequent sales over the past 12 to 18 months, with the average cost per linear lakefront foot now reaching $25,000 and with all of the sales over the past 18 months coming in well above $2 million. Given the way in which these communities compete neck to neck, 37 Lake Shore Drive is truly a bargain at $2.39 mil.  And, given the rare nature of such offerings in Oakwood Park, a location that everyone knows to be on the ‘happy side’ of the Highway 21 summer traffic, this one isn’t going to last long.

A True Oakwood Lakefront Beach House

With the front footage pricing model alone establishing a market value of $2.3 mil for 37 Lake Shore Drive, it’s tough not to love this price once you take a tour of this sentimental log home, a true piece of Oakwood Park history.  This place is literally oozing with charm and character, defining the term ‘warmth’ as it is used to describe a home.  And under the surface, as old-fashioned as this building may appear to be, the majority of the core systems are well updated.  Below the layers of frontier like cabin construction is an insulated 4 season home heated by a newer gas furnace and serviced with 400 amps of electricity running through updated wiring all backed up by a Natural Gas auto-on Generac generator.  Oakwood Lakefront loaded with updatesThe plumbing system has also been updated in recent years, supplied with municipal water and equipped with 2 septic tanks.  The first tank just had a new filter bed installed less than the 2 years ago and the second has been set up to connect to municipal sewers at a future date.  Even if you were to demolish the building, there is a still a great deal of value built into the core systems along with the concrete foundation and the sizable & gorgeous field stone fireplace .   This is a legitimate Oakwood cottage that has been ‘souped up’ to serve as a 4 season home for many years.  Even if you do plan to make some changes in the future, this place will treat you right until that time comes.

Oakwood Lakefront Room Anatomy (measurements in feet):

Floor Room Size Floor Room
M Fireplace Great Room 22.5 x 15.5 L Laundry+Storage
M Kitchen 23.11 x 9 L 2 Car Garage
M Dining Room 8 X 8.5
M Flagstone Sun Room 7.5 x 14
M Master Bedroom Lakefront w/ Walk-In Closet 14.0 x 13
M Bedroom Lakefront 11.8 x 9.8
M Bedroom Eastern Exposure 11.6 x 10.5
M Bedroom Eastern Exposure 12 x 9.5
M Ensuite 3 Piece Bath Lakefront 7.5 x 6
M 4 Piece Bath Eastern Exposure 8 x 7

Closing Thoughts on Oakwood Lakefront Values

As a licensed Realtor, I love to see healthy competition in resort communities, with the ongoing debate over which lakefront community is #1, between Oakwood and Beach O’ Pines, being no exception.  It’s a fun discussion indeed, and the consensus in 2018 is that Oakwood wins!  If this is accurate, then the last 18 months of economics in Beach O’ Pines for this limited category of real estate should prevail for this new offering in Oakwood Park.  Will Oakwood lakefront values fall right into place with the comparable sales of their rival, or will they rise even higher?  I for one am placing my bets on Oakwood lakefront, and there isn’t one resident with whom I’ve spoken who doesn’t argue that Oakwood is vastly superior to Beach O’ Pines.  As the lakefront values in Grand Bend gated communities have been racing away for the past 18 months, fans of Oakwood Park have been patiently waiting for the next gem in the northern section of the subdivision.  This gem is now officially 37 Lake Shore Drive, and I am both lucky and honored to be the Realtor to bring it to market!  Who knows where the values will be the next time a property like this becomes available, which could be in another 2 years, or 10, or even 20.  If you can afford this level of exclusivity, you cannot afford to pass this up!  Call me, Mike Sloan, at 519-870-7650 to book a private showing today, and you’ll see why.

Additional Details

  • Property Taxes
    $16,200
  • Private Beach Frontage
    93 Feet
  • Bedrooms
    4
  • Bathrooms
    2 Full
  • Ensuite
    Yes
  • Stairs to Beach
    None
  • Subdivision
    Private / Gated
  • Subdivision Fees
    $500 Annually

Location

Share This Property

Leave a Reply

Your email address will not be published. Required fields are marked *