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$699,900
Available - For Sale
Listing ID: X11984199
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: $4,822
Tax Type: Annual
Occupancy by: 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 x 132 (Feet)
Directions/Cross Streets: Main Street (HWY 84) and Goshen Line
Zoning: C4
Category: Apartment
Use: Apts-2 To 5 Units
Building Percentage: Y
Total Area: 7,385
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
# 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

41 Main St East , Bluewater, N0M 2T0, Ontario


 
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Type: Com - Investment
Area: Huron
Municipality: Bluewater
Neighbourhood: Zurich
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Lot Size: 222.00 x 132.00(Feet)
Approximate Age: 100+
Tax: $4,822
Maintenance Fee: $0
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Baths: 5
Garage: 0
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