$699,900
Available - For Sale
Listing ID: X11984199
41 Main St East , Bluewater, N0M 2T0, Ontario
| EXCEPTIONAL INVESTMENT VALUE IN RURAL ONTARIO w/ THE ICONIC ZURICH, ON HOTEL PROPERTY | 3 LARGE APARTMENTS + COMMERCIAL RESTAURANT UNIT | MASSIVE LIST OF UPDATES BY CURRENT & PREVIOUS OWNERS | 7385 SQ FT + BASEMENT | NO HERITAGE RESTRICTIONS! Experience excellent exposure & convenience w/ 222' fronting Zurich's primary intersection at this epic corner site. The restaurant unit will come almost fully equipped as most chattels & equipment are owned w/ the building (not tenant's), & vacancy may be available for someone looking to be an owner & also an operator at this value driven commercial site. Just to name a few amenities, this well designed commercial restaurant space, historically licensed w/ the LCBO for 68 seats, comes w/ a full commercial kitchen, hood, bar area, walk-in cooler, & 2 proper washrooms w/ 2 stalls in each + 2 urinals. In addition to the bright & vibrant commercial unit, there are 3 generous residential apartments (see floorplan photos) providing a total of 9 bedrooms & 3 more washrooms plus laundry, & there is a boatload of storage space in between the units & also in the vast & bone dry basement. With .346 acres providing ample ON SITE parking & impressive yard space for your residential tenants, this one has it all, & the 2 upper level apartments were just vacated & are now 97% renovated for a new owner to move in tenants (or short term renters) of their choosing & maximize rental income. Notably, AirBnB/hotel style accommodations at the original Zurich Hotel may be a viable option! The large ground level apartment is currently bringing in $1500/month w/ extremely reliable & long-term tenants & the restaurant unit brings in $2000/month + utilities. Zoning allows for a variety of uses & the 6 Bedroom/2 Apartment vacancy provides a variety of options for a new owner. This property could cap very nicely! Just a 15 min drive to Grand Bend or Exeter & barely 45 to London & 25 to Goderich, this hot spot by the lake is begging for a RE-INVENTION! |
| Price | $699,900 |
| Taxes: | $4822.00 |
| Tax Type: | Annual |
| Occupancy: | Partial |
| Address: | 41 Main St East , Bluewater, N0M 2T0, Ontario |
| Postal Code: | N0M 2T0 |
| Province/State: | Ontario |
| Legal Description: | LT 1 PL 322 ZURICH; PT LT 2 PL 322 ZURIC |
| Lot Size: | 222.00 x 132.00 (Feet) |
| Directions/Cross Streets: | Main Street (HWY 84) and Goshen Line |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | Y |
| Total Area: | 7385.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 5015 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 2370 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Rec Centre |
| Approximatly Age: | 100+ |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Washrooms: | 5 |
| # Trailer Parking Spots: | 0 |
| Outside Storage: | Y |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Part |
| Sewers: | Sanitary |
| Water: | Municipal |
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| ROYAL LEPAGE TRILAND REALTY |
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At a Glance:
| Type: | Com - Investment |
| Area: | Huron |
| Municipality: | Bluewater |
| Neighbourhood: | Zurich |
| Lot Size: | 222.00 x 132.00(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,822 |
| Baths: | 5 |
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