Welcome to 7196 Outer Drive, Port Franks where you will find a very special 4,744 sq ft home allowing for endless possibilities all within steps of a gorgeous private beach on Lake Huron! Currently operating as a 2,524 sq ft B&B plus 2,220 sq ft owner suite. Could also be the perfect family compound that fits everybody and more while everyone gets their own space. Beautifully landscaped property with concrete parking areas that can fit upwards of 30 cars plus two double attached garages. Front yard overlooking the picturesque L Lake offers large stamped concrete area to enjoy some incredible scenery. The B&B main floor offers spacious room allowing for living, dining and kitchen. Plus, an elongated bistro style dinette area & more Incredible L Lake views. This main floor offers a separate office area, full bathroom and laundry. The second level offers three bedrooms their own ensuites. Two with L lake views and the third with its very own screened porch. The spacious owner suite offers 2,220 square feet all on one level. Allowing for an expansive great room with dining, living, kitchen and rec. Owner suite has laundry room with two sets of washer dryer. Nicely updated four-piece bathroom with double vanity. Two large bedrooms both having a gas fireplace and L lake views. The one bedroom has access to private 24x40 rooftop deck with two gazebos and more views of nature. Stepping into the backyard oasis you will find a hot tub and heated 36x14 pool. Lots of different seating areas to enjoy between the multi-level levels of decking witch include a 8x24 wind sail deck, 90x9 sunning deck and a 27x19 treetop deck. All offer the most stunning views of L Lake and nature! All of this with so many possibilities and different ways to enjoy ownership while still being only steps from the most gorgeous private sandy beach on Lake Huron in Port Franks. This is a one-of-a-kind property and home combination that must be seen to appreciate everything it offers.
5 bedrooms, 6 bathrooms, about 3,500 sq ft, works out to roughly $343 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 7196 Outer Dr
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
30 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
30
Interior
Basement
None
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
7196 Outer Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13751722$1,200,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 7196 Outer Dr Compares to the Lambton Shores Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$5,895
/mo
based on the purchase price of $1,200,000
$240,000 cash
$960,000 financed
$808,572 total interest
Principal54%$960,000
Interest46%$808,572
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.
Similar homes for sale nearby in Lambton Shores
Other 4–6 bed homes for sale in Lambton Shores around $1.2M.
Average days on market67Homes sold in about 67 days on average.
Sale-to-list ratio95.2%On average, homes sold below asking.
Active listings164Homes for sale here right now.
Median vs prior 90 days+15.6%Compared with May 4 – Aug 2, 2026: prices up.
Based on 77 sales from Aug 2 – Oct 31, 2026 (61 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 7196 Outer Dr
How much is 7196 Outer Dr listed for?
7196 Outer Dr is listed at $1,200,000 (MLS® X13751722). Summitly updates the price as soon as the MLS® record changes.
Is $1,200,000 a good price for 7196 Outer Dr?
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 7196 Outer Dr changed?
No — 7196 Outer Dr is still listed at its original asking price of $1,200,000.
How many bedrooms and bathrooms does 7196 Outer Dr have?
7196 Outer Dr has 5 bedrooms and 6 bathrooms, with about 3,500–5,000 square feet of living space. It is a detached home in Lambton Shores.
How much would the monthly mortgage be on 7196 Outer Dr?
About $5,895 a month — principal and interest on $1,200,000 with 20% down ($240,000), 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 7196 Outer Dr compare with other homes in Lambton Shores?
Its asking price of $1,200,000 is about 70% above the median sold price in Lambton Shores over the last 90 days, $705,000, across 77 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 7196 Outer Dr been sold before?
Summitly has no earlier MLS® sale or lease of 7196 Outer Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 7196 Outer Dr?
7196 Outer Dr is in Lambton Shores, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 7196 Outer Dr been on the market?
53 days — 7196 Outer Dr was listed on September 8, 2026.
What is the price per square foot of 7196 Outer Dr?
About $240 to $343 per square foot: the asking price of $1,200,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 7196 Outer Dr have parking or a garage?
Yes — the listing gives 30 parking spaces. Garage: Yes.
Does 7196 Outer Dr have a basement, and is it finished?
