41 MAIN STREET E
London and St. Thomas · N0M2T0
$499,500
About this residence
That price is not a typo!!! INSANE INVESTMENT VALUE IN RURAL ONTARIO w/ THE ICONIC ZURICH, ON HOTEL PROPERTY | 3 LARGE APARTMENTS + COMMERCIAL RESTAURANT UNIT | MASSIVE LIST OF UPDATES BY CURRENT & PREVIOUS OWNERS | 7385 SQ FT + BASEMENT | NO HERITAGE RESTRICTIONS! Experience excellent exposure & convenience w/ 222' fronting Zurich's primary intersection at this epic corner site. The restaurant unit IS VACANT for someone looking to be an owner & also an operator at this value driven commercial site & 2 apartments ARE available for owner occupation as well! Just to name a few amenities, this well designed commercial restaurant space, historically licensed w/ the LCBO for 68 seats, comes w/ a full commercial kitchen, hood, bar area, walk-in cooler, & 2 proper washrooms w/ 2 stalls in each + 2 urinals. In addition to the bright & vibrant commercial unit, there are 3 generous residential apartments (see floorplan photos) providing a total of 9 bedrooms & 3 more washrooms plus laundry, & there is a boatload of storage space in between the units & also in the vast & bone dry basement. With .346 acres providing ample ON SITE parking & impressive yard space for your residential tenants, this one has it all, & the 2 upper level apartments were just vacated & are renovated for a new owner to move in tenants (or short term renters) of their choosing & maximize rental income. Notably, AirBnB/hotel style accommodations at the original Zurich Hotel may be a viable option! The large ground level apartment is currently bringing in $1500/month w/ extremely reliable & long-term tenants & the restaurant unit is vacant and available for immediate possession. Zoning allows for a variety of uses & the 6 Bedroom/2 Apartment vacancy provides a variety of options for a new owner. With potential gross income of $85k, this property could cap very nicely! Just a 15 min drive to Grand Bend or Exeter & barely 45 to London & 25 to Goderich, this hot spot by the lake is begging for a RE-INVENTION! (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Bedrooms
- 9
- Bathrooms
- 5
- Living area
- 7,385 sq ft
- Lot size
- 0.346
- Frontage
- 222 feet
- Parking
- 14 spaces
- Annual tax
- $4,782
- MLS®
- X12683980
- Board
- London and St. Thomas
- Status
- Active
- Listed
- Jan 10, 2026
- Updated
- Apr 18, 2026
Features & finishes
Heating
- Forced air
- Natural gas
Cooling
- Partially air conditioned
Lot
- Irregular lot size
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$2,336/mo
Loan amount
$399,600
Down payment
$99,900
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
Nearby
About the area
Census · N0M- 69,177
- Population
- 46
- Median age
- $91,000
- Median income
- $500,000
- Median home value
- 81%
- Home ownership
- 26 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 41 MAIN STREET E?
41 MAIN STREET E is listed for $499,500, in London and St. Thomas.
How many bedrooms and bathrooms does 41 MAIN STREET E have?
It offers 9 bedrooms and 5 bathrooms.
What type of home is 41 MAIN STREET E?
41 MAIN STREET E is a Multi-family, Multi-Family.
How large is 41 MAIN STREET E?
The home offers approximately 7,385 sq ft of living space on a lot measuring 0.346.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,336. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $4,782 per year.
Is there parking?
Yes — 41 MAIN STREET E includes 14 parking spaces.
What is the London and St. Thomas area like?
London and St. Thomas has a population of about 69,177, a median age of 46, a 81% home-ownership rate, with an average commute of about 26 minutes.
What is the average home value in London and St. Thomas?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in London and St. Thomas?
The median household income in this area is approximately $91,000.
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