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Listed 2 months ago

5 PHILLIP Street

Stephen, South Huron

$1,450,000

Detached|2-Storey
7 | 5 | 5
About this home

Private oasis in the gated community of Oakwood Park, Grand Bend. This property is the perfect blend of character featuring the original 2 bedroom cottage built in the 1920s with a spacious 3 level addition in 2002 to create a 3600 sqft living space featuring 7 bedrooms, 5 bathrooms, 4 fireplaces, 2 kitchens, spacious screened in patio with heated floors and space for the whole family to enjoy life by the beach on a double wide lot. The home offers great curb appeal with a mature tree setting, granite stone retaining walls leading to landscaped gardens, stamped concrete front patio, composite accent shakes with vinyl siding exterior and terraced stone leading to the lower level walkout patio. Inside, the original cottage brings back the charm with a galley style kitchen leading to a large eating area with a natural wood fireplace on a stone accent wall. Spacious living room rebuilt in the 90s offers wood cathedral ceilings, a wall of windows for natural light throughout and space to unwind. 2 bedrooms and a full bathroom so it has everything if you wanted to create a separate living area. The three level newer addition brings functional living space and modern amenities to the home. The main floor offers an open concept great room that includes pecan hardwood flooring, gas fireplace in the living room, granite countertops with sit up bar in the kitchen, stainless steel appliances and eating area. Upstairs you have your primary bedroom suite complete with exposed wood beams on a cathedral ceiling, gas fireplace, walk in closet, and full ensuite bath with heated floors and tile shower. 2 additional bedrooms, sitting area and full bath complete the second level with another 2 bedrooms and full bath finishing off the main floor. Walk out lower level with heated floors includes a family room with a gas fireplace on a stone accent wall, hot tub room with exterior vent, bathroom and laundry. New furnace and AC 2026. Just steps to private sandy beach and Oakwood Golf Course

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$9,532
Lot Size100 ft x 102.86 ft
mls© NumberX13642116
Listed ByRE/MAX BLUEWATER REALTY INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,422
Property tax
$794
Heat allowance
$150
Housing costs
$8,366 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $290,000
25-yr amortization

Income needed

$257,000

gross annual household income

Payment at 4%
$6,102 / mo
Cash down
$290,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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