41 MAIN STREET E, Bluewater (Zurich)
$499,500
For sale: Multiplex
- Property type
- Investment
- Bedrooms / bathrooms
- 9 bedrooms, 5 bathrooms
- MLS®
- MLS® X13596702
- Neighbourhood
- Zurich
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 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, 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 is vacant and available for immediate possession. Zoning allows for a variety of uses & the 6 Bedroom/2 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!
Sold data
Homes in Bluewater (Zurich) — recent sold market
Homes in Bluewater (Zurich) took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 88, across 37 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.
The median sale price was $550,000.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 35% of sellers reduced their price before finding a buyer.
- Median days to sell
- 45
- Median sale price
- $550,000
- Sale-to-list ratio
- 96.8%
- Sold above asking
- 8%
Based on 37 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
Homes for sale near 41 MAIN STREET E
$939,500
Multiplex1063,000–3,500 sqft188 HENRY STREET, Trenton Ward, Quinte West
$529,000
Multiplex951,500–2,000 sqft332 ELM AVENUE, Windsor, Windsor
$769,900
Multiplex11+363,500–5,000 sqft235 HAMILTON ROAD, East L, London East
$899,000
Multiplex10+252,000–2,500 sqft193 WHARNCLIFFE ROAD N, North N, London North
$650,000
Multiplex843,000–3,500 sqft119 CARROLL STREET, Ingersoll - South, Ingersoll
$1,198,000
Multiplex8+153,500–5,000 sqft120 HIBERNIA STREET, Stratford, Stratford
$575,000
Multiplex622,000–2,500 sqft55 MAIN STREET S, Forest, Lambton Shores
$949,900
Multiplex1243,500–5,000 sqft50 FAIRVIEW AVENUE, St. Thomas, St. Thomas