That price is not a typo!!! Insane 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 may be available for someone looking to be an owner & also an operator at this value driven commercial site & 2 apartments are available for owner occupation! 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!
Listing IDX12683980
Address41 Main Street
CityBluewater, Ontario
Price$599,500
Bed / Bath9 / 5 Full
StyleInvestment
Land Size0.346
TypeIndustrial/Commercial
StatusFor Sale
