Property Details

59 MAIN Street, Grand Bend, Ontario, N0M1T0

59 MAIN Street, Grand Bend, Ontario, N0M1T0 (ID 40463022)
Representative
Doug, Mark and Garrett Pedlar portrait
Doug, Mark and Garrett Pedlar
Broker of Record, Broker and Sales Respresentative
RE/MAX Bluewater Realty Inc., Brokerage*
Tel: 519-238-5700
Toll free: 1-888-626-5333

$12,500,000 - For sale

ID#:40463022

ONE OF A KIND MULTI-CONDO INCOME PROPERTY | 16 CONDOS PRICED INTO 1 SINGLE ENTERPRISE INVESTOR PACKAGE | 8 CAP POTENTIAL @ GRAND BEND'S FAMOUS & BOOMING MAIN BEACH | STEPS TO THE SAND W/ EPIC LAKE VIEW TERRACE & BALCONIES! This hands-off turnkey 16 condo income opportunity is unlike anything that has ever been sold along the prosperous shores of Lake Huron. Just a 2 min walk to the sparkling sandy beaches of Grand Bend, ON, this brand new condo complex is now for sale as 1 single property w/ the new owner's option to sell condos, one at a time, any time! The impressive & extremely well-built concrete & steel structure completed in 2023 offers 16 individual Grand Bend properties in one! There are 14 luxury residential condos providing 22 bedrooms, 20 bathrooms & 14 kitchens, 2 commercial condos fronting Main St providing 2 more bathrooms, housekeeping facilities for the mgmt of the short term rental operation, a heated parking garage, & the most impressive rooftop living space in town w/ panoramic views of Lake Huron, Main Beach, & Grand Bend's world famous sunsets. Bldg is over 20,000 sq ft + the addt'l 4000 sq ft of rooftop living! The roof provides yet another bathroom + storage facilities. The 14 residential condos, during just a fraction of the high season, have already earned an amount of short term rental income comparable to what a 14 unit tenanted apartment building would earn over the course of an entire year, & that's excluding the stellar income from the 2 long-term commercial tenants. Case in point, this isn't just 16 condos, it's a 16 condo package that is making considerable income, income that is exceeding the pro-forma projections at a rate that is likely to produce over 7 figures in annual revenue w/ minimal costs. This property capitalizes on the AirBnB/STR market using efficient & ground-breaking techniques that will ask nothing of the owner, & this turnkey model is included in the purchase price, along w/ all appliances & furniture. Premium X 10! (id:2471)

Location DescriptionMap to 59 Main St, Grand Bend, ON: Just 230 mtrs from the 3rd best beach in Canada (Grand Bend's famous Main Beach) & steps to the rest of downtown's fantastic amenities is this incredible 16 condo investor package.

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Property Details
  • Property Address:59 MAIN Street, Grand Bend, Ontario, N0M1T0
  • Property Type:Office
  • Title:Freehold
  • Lot Size:under 1/2 acre
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access
  • Driveway:Attached Garage
  • Parking Space Total:11
Structure Details for 59 MAIN Street, Grand Bend, Ontario, N0M1T0
  • Storeys:3
  • Basement Type:None
  • Foundation Type:Poured Concrete
  • Exterior Type:Concrete, Metal, Steel
Amenities for 59 MAIN Street, Grand Bend, Ontario, N0M1T0 Visual exposure
  • Amenities Nearby:Marina, Schools
Representative
Doug, Mark and Garrett Pedlar portrait
Doug, Mark and Garrett Pedlar
Broker of Record, Broker and Sales Respresentative
RE/MAX Bluewater Realty Inc., Brokerage*
Tel: 519-238-5700
Tollfree: 1-888-626-5333
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Listing Office: ROYAL LEPAGE TRILAND REALTY

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59 MAIN Street, Grand Bend, Ontario, N0M1T0

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