Sue Davis

Sue Davis

Broker

Direct: 519-871-8968
Office: 519-238-7355
COLDWELL BANKER APPLEBY REAL ESTATE
BROKERAGE, INDEPENDENTLY OWNED & OPERATED

Property Details

139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0

139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0 (ID 40093450)
Representative
Sue Davis portrait
Sue Davis
Broker
Coldwell Banker Appleby Real Estate, Brokerage*
Cell: 519-871-8968
Tel: 519-238-7355

$695,000 - For sale

ID#:40093450

Quality investment property in Grand Bend: multi-family/multi-unit with two rock solid 3 bedroom apartments & an ideal storefront commercial unit plus room to grow into the full height basement! It's been quite a while since we had a real estate offering like this in Grand Bend, a well-kept building that would be an ideal location to park your money or the perfect spot to run a retail business while earning income from the residential rental units thereby enabling you to operate rent free! Plus, the C6 Lambton Shores mixed use commercial/residential zoning allows for a variety of uses. This sweet spot is simply brimming with options & opportunity. The front commercial unit is nice and roomy, providing 1200 sq ft of space w/ storage & a staff washroom. Each of the back 3 bedroom apt units provide around 1500 sq ft, bringing your total square footage to over 4000! This is a gas heated/forced air fully winterized gem has seen lots of upgrades in recent years: some appliances, 2 new furnaces & a hot water heater in the last 1.5 yrs, creation of back parking areas, & metal roof on 75% of building + some updated windows w/ the previous owner. There is ample parking both in front & at the back of the property via a private driveway on the north side & an additional right of way access on the southside. If you needed to, you could have up to 18 vehicles parked on site. Each of the residential units are in respectable condition & together bring in nearly $32K per year in rent. The commercial unit currently will bring in another $26K per year if you accept the new tenant. The previous tenant (commercial only) was paying $15K per year. However, the owners plan to complete a modest renovation to arrange for the front unit to be a live-in residential unit with an office space attached for the new tenant. Or, to get into an affordable home in GB, you could merge the 2 residential units to create a 6 bedroom 2 bathroom house w/ a walk-out basement! 6 bed, 3 bath, 10+ value! (id:2471)

Location DescriptionGPS to 139 Ontario Street South, Grand Bend, ON - next door to the Lakehound restaurant and only 1.25 KM to your feet in the sand at South Beach via the Lake Road beach access & only 900 metres away from Grand Bend's famous Main Strip.

Property Details
  • Property Address:139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0
  • Property Type:Office
  • Title:Freehold
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access, Highway access
Structure Details for 139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0
  • Building Age:1969
  • Heating Type:Natural gas, Forced air
  • Style:Detached
  • Storeys:2
  • Basement Type:Partial (Unfinished)
  • Cooling Type:Window air conditioner
  • Rental Equipment:None
Amenities for 139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0 Park setting, Park/reserve, Beach, Crushed stone driveway, Country residential, High Traffic Area, Community Centre, School Bus
  • Amenities Nearby:Beach, Park, Place of Worship, Playground, Schools, Shopping
Representative
Sue Davis portrait
Sue Davis
Broker
Coldwell Banker Appleby Real Estate, Brokerage*
Cell: 519-871-8968
Tel: 519-238-7355
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

Listing Office: ROYAL LEPAGE TRILAND REALTY

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.


Loading...

139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0

The out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
By using our site, you agree to our Terms of Use
Translate ยป