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Home ON Bluewater
41 MAIN STREET E
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41 MAIN STREET E $699,900
$699,900
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41 MAIN STREET E
Bluewater (Zurich), Ontario N0M2T0

MLS® Number: X11984199
9
Bedrooms
5
Bathrooms
7385
Square Feet

Listing Description

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! (39928604)

Location Description

Main Street (HWY 84) and Goshen Line

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Square Footage
7385 sqft
Community Name
Zurich
Land Size
Bldg=222 x 132 FT ; Rectangle w/ small notch from SW corner
Age Of Building
100+ years
Annual Property Taxes
$4,822
Total Parking Spaces
14
Time on REALTOR.ca
31 days

Building

Bathrooms
Total
5
Building Features
Features
Irregular lot size
Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Business
Business Type
Residential (Apartments)
Neighbourhood Features
Amenities Nearby
Highway, Recreation
Parking
Total Parking Spaces
14

Measurements

Square Footage
7385 sqft
Exterior Building Size
7385 sqft

Land

Lot Features
Frontage
222 ft
Land Depth
132 ft
Other Property Information
Zoning Description
C4
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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