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55 Lake Road

55 Lake Road

Units29

Built1991-1992

Registered1991

Average MLS Selling Price 2022No MLS Sales

Average MLS Selling Price 2021 $615,500 (based on 2 MLS sales)

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Amenities

Details:

“Yacht Club Woods”

LOCATION, LOCATION! This complex is only 270 meters to the beach and the rear units back onto an iconic hedge which spells out the words “Grand Bend”, used to greet boaters coming in off the lake. See our pictures.

These are two storey units with single car garages and 1500 square feet of living space. Red/brownish all brick construction with black shingles and white trim.

A treed front entranceway with no neighbours to the east. Three front clusters of five units each and one cluster of four. Two rear clusters of eight and two. A 36 x 18 FT community pool is next to the cluster of two. All of the units in each cluster are staggered. This is a feature which initially you might not pick up on. This feature adds an element of privacy when you are sitting out on your front or rear decks because your neighbouring units do not line up completely with yours.

The rear cluster of eight units are the ones backing onto the Grand Bend hedge, River Road and where there is a predominance of sail boats at dockside. The front three clusters of units on the right-hand side when you drive in have rear views of greenspace and the Old Ausable Channel.

The upper master bedroom has cathedral ceilings, a four-piece ensuite and a private balcony. There is also an upper skylight, upper and lower rear decks, and a raised front deck. Asphalt single car driveways and adequate visitors parking. Double stud sound deadening acoustic walls between units. There are gas lines on site if owners want to upgrade to gas fireplaces.

Immediately across the street to the south is “Southcott Pines”. It’s a treed neighbourhood of mostly million-dollar homes. A public beach two blocks to the west is called “Grand Bend South Beach”.

Its where people in this neighbourhood go. Limited public parking is an issue for people who can’t walk to this location and no overnight street parking. We also note a sign on the south side of the street going east just past the front entranceway. It says to watch out for turtles. No other condo project in Grand Bend is near a sign like this.

In this neighbourhood, 18% of the population is aged 55-64, 25% is 65-74 and 18% is 75+. This complex is once again in a wonderful setting near the beach. What more could you ask for in this price range?

* Reasonable condo fees of $540.00 per month in 2023.

**We note a special assessment of about $16,000 for decks, windows, exterior renovations and chimneys.

Property Manager

Highpoint Property 226-663-7779

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