34 Ontario St S is a 5-bedroom, 4-bathroom fourplex in Lambton Shores, listed for $599,000. It has 1500-2000 sq ft of living space.
1This versatile property features four fully tenanted units with a history of consistent occupancy, complemented by excellent frontage and on-site parking.
2Detailed financial information and lease summaries are available upon request for qualified inquiries.
3BasementApartment, Full, as described in the listing.
6.28% CAP RATE! Strategically positioned within the high-traffic C2-zoned corridor of Grand Bend, 34 Ontario Street South offers premium highway exposure and established signage infrastructure in a high-visibility area. This versatile property features four fully tenanted units with a history of consistent occupancy, complemented by excellent frontage and on-site parking. Its location is a primary asset, situated just 950 meters from the Grand Bend Main Beach and even closer to the vibrant downtown core, ensuring high pedestrian and vehicle traffic essential for long-term commercial viability. With the majority of units having undergone recent renovations to support a streamlined management profile, this property provides a solid foundation for existing revenue streams and future redevelopment within one of the region's most active growth corridors. Detailed financial information and lease summaries are available upon request for qualified inquiries. Any plans for mixed-use or future redevelopment should be confirmed directly with the Municipality of Lambton Shores.
5 bedrooms, 4 bathrooms, about 1,500 sq ft, works out to roughly $399 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 34 Ontario St S
Every detail from the listing, in one place.
Type
Fourplex
Style
1 1/2 Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
5 spaces
Basement
Apartment, Full
Features & systems
Parking & garage
Parking spaces
5
Interior
Basement
Apartment · Full
Lot & land
Lot size (sqft)
0.13
Listing & possession
Property style
1 1/2 Storey
Property class
Fourplex
34 Ontario St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14147092$599,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 34 Ontario St S Compares to the Lambton Shores Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,943
/mo
based on the purchase price of $599,000
$119,800 cash
$479,200 financed
$403,612 total interest
Principal54%$479,200
Interest46%$403,612
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 34 Ontario St S
Homes for sale in Lambton Shores
Every active Lambton Shores MLS® listing, updated all day.
Average days on market67Homes sold in about 67 days on average.
Sale-to-list ratio95.2%On average, homes sold below asking.
Active listings150Homes for sale here right now.
Median vs prior 90 days+9.8%Compared with May 8 – Aug 6, 2026: prices up.
Based on 78 sales from Aug 6 – Nov 4, 2026 (59 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 34 Ontario St S
How much is 34 Ontario St S listed for?
34 Ontario St S is listed at $599,000 (MLS® X14147092). Summitly updates the price as soon as the MLS® record changes.
Is $599,000 a good price for 34 Ontario St S?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Lambton Shores. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 34 Ontario St S changed?
No — 34 Ontario St S is still listed at its original asking price of $599,000.
How many bedrooms and bathrooms does 34 Ontario St S have?
34 Ontario St S has 5 bedrooms and 4 bathrooms, with about 1,500–2,000 square feet of living space. It is a fourplex in Lambton Shores.
How much would the monthly mortgage be on 34 Ontario St S?
About $2,943 a month — principal and interest on $599,000 with 20% down ($119,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 34 Ontario St S compare with other homes in Lambton Shores?
Its asking price of $599,000 is about 16% below the median sold price in Lambton Shores over the last 90 days, $714,500, across 78 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 34 Ontario St S been sold before?
Summitly has no earlier MLS® sale or lease of 34 Ontario St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 34 Ontario St S?
34 Ontario St S is in Lambton Shores, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 34 Ontario St S been on the market?
34 Ontario St S was listed today (November 4, 2026).
What is the price per square foot of 34 Ontario St S?
About $300 to $399 per square foot: the asking price of $599,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 34 Ontario St S have parking or a garage?
Yes — the listing gives 5 parking spaces.
Does 34 Ontario St S have a basement, and is it finished?
The listing describes the basement as: Apartment, Full.
