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!
Address
41 Main Street E
List Price
$599,900
MLS® Status
New
Expiration Date
2025-12-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Bluewater
Sub-Area
Zurich
Region
Huron
Bedrooms (Total)
9
Bathrooms
5
Lot Size Source
MPAC
Lot Depth
132
Lot Shape
Irregular
Lot Type
Building
Lot Irregularities
Rectangle w/ small notch from SW corner
Lot Size Units
Feet
Lot Width
222
Parcel Number
412270006
Total Building Area
7385
Occupant Type
Partial
Cross Street
Main Street (HWY 84) and Goshen Line
Approx. Age
100+ Years
MLS® Number
X12330833
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement
Yes
Postal Code
N0M 2T0
Posession Details
Immediate on some units
Parking Spaces
14
Tax Amount
$4,822.00
Tax Year
2024
Site Influences
Major Highway, Recreation/Community Centre
Community Features
Major Highway, Recreation/Community Centre
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling Features
Partial
New Construction
No
Garage Type
Outside/Surface
Tax Legal Description
LT 1 PL 322 ZURICH; PT LT 2 PL 322 ZURICH AS IN R174076; MUNICIPALITY OF BLUEWATER
Sewer
Sanitary