59 Main Street Grand Bend, Ontario N0M 1T0


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:39551)

Property Details

MLS® Number 40463022
Property Type Office
Amenities Near By Marina, Schools
Communication Type High Speed Internet
Features Visual Exposure
Parking Space Total 11
Sign Type Signband


Basement Type None
Exterior Finish Concrete, Metal, Steel
Fire Protection Security System
Fireplace Present No
Foundation Type Poured Concrete
Stories Total 3
Size Exterior 20246.9100
Utility Water Municipal Water


Attached Garage


Access Type Road Access
Acreage No
Land Amenities Marina, Schools
Sewer Municipal Sewage System
Size Depth 142 Ft
Size Frontage 65 Ft
Size Total Text Under 1/2 Acre
Zoning Description C10


Electricity Available
Natural Gas Available
Telephone Available



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