71 Main Street, Lambton Shores, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Grand Bend. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,799,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 79.04 x 80 ft lot size
- equipped with partial central cooling and highly efficient baseboard heating
Description
GRAND BEND COMMERCIAL LEGACY LOCATION | THE ORIGINAL HOME OF THE INCONIC CHERYL ANN RESTAURANT | PRIME DEVELOPMENT OPPORUTNITY $113,000 ANNUAL RENT TO CARRY PRE-DEVELOPMENT | STEPS TO THE 3RD BEST BEACH IN CANADA | SITUATED ON THE FINAL BLOCK OF GRAND BEND'S FAMOUS MAIN SRIP BEFORE THE LAKE | 79 FEET OF MAIN STREET FRONTAGE. This rare Grand Bend offering is zoned for 100% lot coverage in the most prosperous and fastest growing beach town in the province. Currently, the property is tenanted with a high quality year round lease and is home to a successful restaurant and the most popular local hot spot as a licensed bar & patio. This offering however is not about lease income - it's about a palpable development opportunity or a premium location for your incredible business idea. It's about having a commercial property in Ontario's fastest growing shoreline community with C10 zoning allowing multi-unit residential complexes over commercial space with 100% density to the lot lines! The current business owner/tenant is willing to turn over the tenancy with the sale of the property. So, step into a great business, or explore the variety of opportunities that encompass a robust list of permitted uses for a future mixed development with commercial and residential units. With Grand Bend now becoming a year round destination and with this being the most price-minded commercial site currently available on The Strip, your new business idea or investment dollars could be part of this growth community. Voted as having the 3rd best beach in the entire country and one of the best sunsets in the world, come out and see why everyone is spending their money in Grand Bend! This property may be available for purchase together with 77 Main St, Grand Bend, ON - inquire with your Realtor today. **EXTRAS** Contact your Realtor for more information.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 71 Main Street, Lambton Shores, ON N0M 1T0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Lambton Shores, ON
For a property listed at $1,799,900 in Lambton Shores, the legal minimum down payment is $359,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $32,473 for this transaction. As this listing is in Lambton Shores (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $32,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.