Lambton Shores (grand Bend), ON N0M1T0,16 ONTARIO STREET N
Lambton Shores (grand Bend), ON N0M1T0,16 ONTARIO STREET N
Lambton Shores (grand Bend), ON N0M1T0,16 ONTARIO STREET N
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$1,300,000
Est. payment /mo
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4 Beds
2 Baths
2,000 SqFt
New

16 ONTARIO STREET N Lambton Shores (grand Bend), ON N0M1T0

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Ryan Parry

Ryan Parry

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $650

Subdivision Grand Bend

MLS® Listing ID X12714490

Bedrooms 4

Property Sub-Type Freehold

Property Description

*List Price is for both 16 & 18 Ontario St N being sold as a package* Prime commercial-residential opportunity in the heart of Grand Bend. This rare offering includes two side-by-side parcels with a combined 90 feet of frontage, ideally positioned in one of Ontario's best beachside communities. Located along the Hwy 21 corridor with C2 commercial zoning and over 200' of depth this property presents an exceptional investment for entrepreneurs, developers, or investors looking to capitalize and be part of Grand Bend's future growth. The property features an existing licensed restaurant with a 2 bedroom 1 bath apartment above and lots of onsite parking. The restaurant is currently leased (business is not for sale) with the apartment included in the lease. Complementing the commercial space on its own separate parcel is a converted dwelling offering two separate 2-bedroom 1 bathroom residential units with shared laundry facilities. Both units are currently leased month to month. The front unit has updated flooring, kitchen and bathroom while the second unit needs the handyman touch. The combination of residential and commercial uses creates a balanced investment with immediate cash flow and long-term upside. The side by side parcels create an attractive site for redevelopment potential with great exposure to year round traffic, growing year round population and high volume of summer tourism to the area. Located across the street from the newly renovated Colonial Hotel & Event space plus the newly redesigned commercial 4 plex. Just steps to the sandy beaches of Lake Huron, Main Street, local shops, restaurants and all that Grand Bend has to offer. This property sits in a high-demand area with limited availability of comparable opportunities. Price is for both parcels 16 and 18 Ontario Street and must be sold together. The restaurant business is not for sale. See MLS X12714450 for more information on 18 Ontario ST (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 2.74 m X 2.74 m Bedroom

Extra Room 2 Second level 4.78 m X 2.83 m Den

Extra Room 3 Second level 2.71 m X 3.44 m Bedroom

Extra Room 4 Main level 4.14 m X 4.87 m Kitchen

Extra Room 5 Main level 6.7 m X 1.67 m Laundry room

Extra Room 6 Main level 5.12 m X 3.59 m Living room

Interior

Heating Forced air

Cooling Central air conditioning

Flooring Laminate, Tile

Exterior

Parking Features No

Fence Fenced yard

View Y/N Yes

View City view

Total Parking Spaces 3

Private Pool No

Building

Story 1.5

Sewer Sanitary sewer

Others

Ownership Freehold

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16 ONTARIO STREET N

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