41 MAIN STREET E
- 9 bed
- 5 bath
- 7385 sqft
$499,500
Your
status: Active
For sale
Property Type
Multi-family
- Building Type
- Multi-Family
- Features
- Irregular lot size
- Ammenities Near By
- Highway, Recreation
- Land Size
- 0.346 ac
- Age
- 100+ years
- MLS®#
- X12683980
- Listed By
- ROYAL LEPAGE TRILAND REALTY
Rent vs Buy
Making the Right Financial Choice
Need a Mortgage?
Rates as low as
4.99%
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 Zurichs primary intersection at this epic corner site. The restaurant unit IS VACANT for someone looking to be an owner & also an operator at this value driven commercial site & 2 apartments ARE available for owner occupation as well 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 renovated for a new owner to move in tenants (or short term renters) of their choosing & maximize rental income. Notably, AirBnBhotel style accommodations at the original Zurich Hotel may be a viable option The large ground level apartment is currently bringing in 1500month w extremely reliable & long-term tenants & the restaurant unit is vacant and available for immediate possession. Zoning allows for a variety of uses & the 6 Bedroom2 Apartment vacancy provides a variety of options for a new owner. With potential gross income of 85k, 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:6772)
Property
Transaction Type
For sale
Land Size
0.346 ac
Age
100+ years
MLS®#
X12683980
Inside
Bedrooms
9
Bathrooms
5
Fireplace
False
Building
Heating
Forced air
Heating Fuel
Natural gas
Cooling
Partially air conditioned
Utilities
Water
Municipal water
Land
Features
Irregular lot size
Ammenities Near By
Highway, Recreation
Sewer
Sanitary sewer
Location Description
Community Name
Zurich
Land Size
0.346 ac
Size Interior
7385 sqft
Listed by
ROYAL LEPAGE TRILAND REALTY
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association.
