$1,199,900
71146 BLUEWATER HIGHWAY
Beds
—
Baths
3
Sqft
—
Year
—
Type
Business
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for South Huron (Stephen). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
CANCO GAS STATION/VARIETY STORE + RESTAURANT PROPERTY + 2 RESIDENTIAL UNITS IN GRAND BEND | INCLUDES REAL ESTATE PROPERTY/BLDGS/BUSINESS ASSETS | PRIME CORNER LOCATION AT EXETER RD & HWY 21 DIRECTLY ACROSS FROM PORT BLAKE BEACH | 1/2 ACRE OF C3 MULTI-USE ZONING! An exceptional commercial-residential package offering 5 powerful income streams: Gas & propane sales, retail/variety, a turnkey restaurant setup, rental income, & U-Haul 25% sales share. This high-visibility intersection provides steady year-round traffic plus massive seasonal surges from beachgoers, cottagers, & tourists. Gas pumps were fully replaced brand new ($75K investment) by current owner, ensuring modern reliability & compliance. Fuel storage includes 2-22700 litre inground steel tanks w/ pressure tests just done, 2-5000 litre above-ground double wall steel tanks, & a Sparlings propane tank w/ pump, enabling multiple product offerings & excellent margins. THIS LAND & BUILDING SALE INCLUDES: restaurant hood/fixtures/chattels, variety store+gas business, U-Haul contract, equipment & infrastructure, & tobacco/liquor sales licenses should be transferrable: everything needed to operate immediately! Much more than a gas station, this is a complete multi-use property suited for an owner-operator or an investor seeking diverse, stable revenue. The site includes 2 res units: 2-bed unit w/ LT tenant at $1,800/month inclusive + an addt'l studio 1-bed suite, ideal for staff housing, short-term rental/AirBnB across from beach, or proprietor use. Monthly sales range $55K to over $100K, achieved w/ low open business hours, & restaurant was only "beta tested", representing major untapped opportunities + you get addt'l customer traffic from onsite Canada Post mailboxes. Located steps to Port Blake Beach Park w/ excellent frontage, parking, & tourist exposure, this offering is a rare chance to own a highly versatile, income-generating commercial hub in one of the area's most recognizable locations! (id:65958)
- Subtype
- Business
- Community
- Stephen
- Living area
- 2,950 square feet
- Lot size
- 0.5 acres
- Lot dimensions
- 0.5
- On market
- Apr 5, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $6,112.2
- Zoning
- C3 Highway Commercial, SOUTH HURON
- Photos
- 50
- MLS#
- X12958398
- Area
- SOUTH_HURON_(STEPHEN)
Features and systems
Heating
Cooling
Cash on cash
-6.47%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,362
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.