Property Details

139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0

139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0 (ID 40101020)
Representative
Barbara Richman portrait
Barbara Richman
Sales Representative
Coldwell Banker Appleby Real Estate, Brokerage*
Cell: 519-851-7155
Tel: 519-238-7355

$695,000 - For sale

ID#:40101020

Grand Bend TRIPLEX: 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 years since we had a triplex in Grand Bend - extremely rare find! This well-kept building 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! Could also be an affordable HOME too! 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 and 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. See photos for CURRENT income, totaling just under $47K, with definitive potential to easily get that over $65K per year, if not higher! With a modest renovation to arrange for the front unit to be a live-in residential unit with an office space attached for a new tenant or just residential + w/ the use of the lower level space as another apartment, there's boatloads of potential here! Or, to get into an affordable home in GB, you could merge the 2 residential units to create a 6 bedroom 2 bathroom house with a walk-out basement! 6 bed, 3 bath, 10+ value! An easy money maker! (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:Multi-family
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Septic System
  • Water Type:Municipal water
  • Access:Road access, Highway access
Structure Details for 139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0
  • Structure Style:Triplex
  • Building Age:1969
  • Bedrooms:6
  • Bathrooms:2
  • Floor Space:4100
  • Heating Type:Natural gas, Forced air
  • Style:Detached
  • Storeys:2
  • Basement Type:Partial (Partially finished)
  • Cooling Type:Window air conditioner
  • Rental Equipment:None
  • Exterior Type:Vinyl siding
Amenities for 139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0 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
Barbara Richman portrait
Barbara Richman
Sales Representative
Coldwell Banker Appleby Real Estate, Brokerage*
Cell: 519-851-7155
Tel: 519-238-7355
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139 ONTARIO Street S, Grand Bend, Ontario, N0M1T0

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