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41 MAIN STREET E, Bluewater (Zurich), Ontario, N0M 2T0

MLS® # X11984199
Investment For Sale In Bluewater (Zurich), Ontario
$699,900
41 Main Street E, Bluewater (Zurich), ON - Outdoor With View
41 Main Street E, Bluewater (Zurich), ON  - Outdoor With View
41 Main Street E, Bluewater (Zurich), ON  - Outdoor
41 Main Street E, Bluewater (Zurich), ON  - Other
41 Main Street E, Bluewater (Zurich), ON  - Outdoor
41 Main Street E, Bluewater (Zurich), ON - Outdoor With View
41 MAIN STREET E, Bluewater (Zurich), Ontario, N0M 2T0
$699,900

Property Information:

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! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 7385 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9
  • Bathrooms: 5
  • Amenities Nearby: Highway, Recreation
  • Features: Irregular lot size
  • Floor Space (approx): 7385 Square Feet
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 222.0 Feet
  • Zoning: C4
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 14

REALTOR.ca  

Location of 41 MAIN STREET E, Bluewater (Zurich), Ontario, N0M 2T0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 41 MAIN STREET E , experiences 7 hot days per year at around 31.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.9 degrees Celsius.

Projected Avg. Temperature

Past
31.5℃
2050
34.9℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

62/100

Moderate-High

ClimateCheck®

Current data

This property, 41 MAIN STREET E , experiences 11 significant 2-day storms per year, with about 309.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 383.2mm of precipitation per year.

Precipitation Per Storm

Past
309.8mm
2050
383.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 41 MAIN STREET E, Bluewater (Zurich), Ontario, N0M 2T0

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$124,616.18

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.77 %

High school certificate or equivalent

32.69 %

Apprenticeship trade certificate/diploma

9.09 %

College/non-university certificate

20.58 %

University certificate (below bachelor)

3.01 %

University Degree

22.85 %

Commuter

Travel To Work

By Car

85.87 %

By Public Transit

0.0 %

By Walking

10.6 %

By Bicycle

0.0 %

By Other Methods

3.53 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

12.85 %

Houses

87.15 %

Own Vs. Rent