71 MAIN STREET, Lambton Shores (Grand Bend)

$1,799,900

For sale: Other

Other at 71 MAIN STREET, Lambton Shores (Grand Bend)
Property type
Investment
MLS®
MLS® X13498842
Neighbourhood
Grand Bend

GRAND BEND COMMERCIAL LEGACY LOCATION | THE ORIGINAL HOME OF THE INCONIC CHERYL ANN RESTAURANT | PRIME DEVELOPMENT OPPORUTNITY $113,000 ANNUAL RENT TO CARRY PRE-DEVELOPMENT | STEPS TO THE 3RD BEST BEACH IN CANADA | SITUATED ON THE FINAL BLOCK OF GRAND BEND'S FAMOUS MAIN SRIP BEFORE THE LAKE | 79 FEET OF MAIN STREET FRONTAGE. This rare Grand Bend offering is zoned for 100% lot coverage in the most prosperous and fastest growing beach town in the province. Currently, the property is tenanted with a high quality year round lease and is home to a successful restaurant and the most popular local hot spot as a licensed bar & patio. This offering however is not about lease income - it's about a palpable development opportunity or a premium location for your incredible business idea. It's about having a commercial property in Ontario's fastest growing shoreline community with C10 zoning allowing multi-unit residential complexes over commercial space with 100% density to the lot lines! The current business owner/tenant is willing to turn over the tenancy with the sale of the property. So, step into a great business, or explore the variety of opportunities that encompass a robust list of permitted uses for a future mixed development with commercial and residential units. With Grand Bend now becoming a year round destination and with this being the most price-minded commercial site currently available on The Strip, your new business idea or investment dollars could be part of this growth community. Voted as having the 3rd best beach in the entire country and one of the best sunsets in the world, come out and see why everyone is spending their money in Grand Bend! This property may be available for purchase together with 77 Main St, Grand Bend, ON - inquire with your Realtor today. **EXTRAS** Contact your Realtor for more information.

Sold data

Homes in Grand Bend — recent sold market

Homes in Grand Bend took a median of 34 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 85, across 79 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 86 days.

The median sale price was $884,900.

Homes sold for about 4.3% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$884,900
Sale-to-list ratio
95.7%
Sold above asking
9%

Based on 79 recorded sales in the last 1 year — 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 71 MAIN STREET