Royal LePage Don Hamilton Real Estate Brokerage
41 Main Street E Bluewater, Ontario N0M 2T0
$699,900
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! (id:51300)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X11984199 |
| Property Type | Multi-family |
| Community Name | Zurich |
| Amenities Near By | Highway, Recreation |
| Features | Irregular Lot Size |
| Parking Space Total | 14 |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 9 |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 7385 Sqft |
| Size Interior | 7,385 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Recreation |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 222 Ft |
| Size Irregular | Bldg=222 X 132 Ft ; Rectangle W/ Small Notch From Sw Corner |
| Size Total Text | Bldg=222 X 132 Ft ; Rectangle W/ Small Notch From Sw Corner |
| Zoning Description | C4 |
https://www.realtor.ca/real-estate/27944405/41-main-street-e-bluewater-zurich-zurich
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February 24 2025 02:50:26
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty