Property Information:

*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:27)

Building Features:

Style: Detached
Building Type: House
Basement Type: Partial, Crawl space
Construction Style - Attachment: Detached
Exterior Finish: Aluminum siding, Aluminum siding, Concrete Block
Floor Space: 2000 - 2500 sqft
Flooring Type: Laminate, Tile
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 2
Amenities Nearby: Marina
Features: Flat site
Fence Type: Fenced yard
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 207.5 Feet
Lot Frontage: 41.2 Feet
Lot Size: 41.3 x 207.5 FT
Structure Type: Porch, Outbuilding
Surface Water:
Utility Type: Sewer - Installed, Hydro - Installed
View Type: City view
Zoning: C2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Rooms:

Bedroom 2nd Level 2.74 m x 2.74 m
Den 2nd Level 4.78 m x 2.83 m
Bedroom 2nd Level 2.71 m x 3.44 m
Kitchen Main Level 4.14 m x 4.87 m
Laundry Main Level 6.70 m x 1.67 m
Living Main Level 5.12 m x 3.59 m
Bedroom Main Level 3.35 m x 3.11 m
Bedroom Main Level 3.35 m x 2.40 m
Bathroom Main Level 2.07 m x 1.85 m
Kitchen Main Level 4.02 m x 4.15 m
Living Main Level 6.70 m x 3.26 m
Dining Main Level 2.50 m x 2.50 m
Bathroom Main Level 2.50 m x 1.92 m

Convert Measurement to:

Courtesy of: RE/MAX BLUEWATER REALTY INC.

More Detail

Less Detail

Demographic Information of 16 ONTARIO STREET N, Lambton Shores (Grand Bend), Ontario, N0M 1T0

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 %

16 ONTARIO STREET N, Lambton Shores (Grand Bend), Ontario, N0M 1T0