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Overview
41 MAIN STREET E
This property presents an exceptional investment opportunity in rural Ontario, featuring the iconic Zurich Hotel property. The site includes three large residential apartments and a commercial restaurant unit, all within a substantial 7,385 square foot building plus basement. The property benefits from no heritage restrictions, allowing for flexible use and redevelopment.
Located on a prominent corner with 222 feet of frontage at Zurich's primary intersection, the site offers excellent exposure and convenience. The commercial restaurant space is currently vacant, providing a unique chance for an owner-operator to establish a business in a well-designed venue. Historically licensed for 68 seats with the LCBO, the restaurant includes a full commercial kitchen equipped with a hood, bar area, walk-in cooler, and two washrooms each with two stalls plus two urinals.
In addition to the commercial unit, there are three spacious residential apartments totaling nine bedrooms and three bathrooms, along with laundry facilities. The property offers abundant storage space between units and in the large, dry basement. The land spans approximately 0.346 acres, providing ample on-site parking with 14 spaces and generous yard space for tenants.
The two upper-level apartments have recently been vacated and renovated, ready for a new owner to move in tenants or short-term renters, maximizing rental income potential. The large ground-level apartment currently generates $1,500 per month from reliable, long-term tenants. The zoning allows for a variety of uses, and the vacancy of six bedrooms across two apartments offers flexibility for the new owner.
Potentially, the property could generate a gross income of $85,000 annually, making it a strong candidate for a high capitalization rate. Its location is convenient, just a 15-minute drive to Grand Bend or Exeter, 45 minutes to London, and 25 minutes to Goderich. This lakeside community is ripe for reinvention and offers a promising future for investors or owner-operators seeking a versatile commercial and residential property.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Bluewater ON
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 686 m² |
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
