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72981 bluewater Highway 21 Highway, Bluewater, ON N0M 2T0

Sale Of Business
$3,975,000

Exceptional Boutique Hotel, Winery & Event Venue OpportunityTurnkey hospitality investment on Ontario's highly desirable Lake Huron corridor, just minutes from Grand Bend & Bayfield. Set on approximately 38 acres of land with 10 acres of beautifully landscaped gardens & grounds, this fully operational inn, winery & event venue blends historic charm with modern upgrades & offers multiple revenue streams.The property features 16 upgraded guest rooms (including two premium Coach House units), inground pool, a 5 acre vineyard producing estate wine under the "Schatz Winery" label, a full-service restaurant (The Muse), banquet & event spaces accommodating up to 175 guests. The versatile layout includes a heritage barn conversion, Restaurant, commercial kitchen, outdoor terrace & owned beach access.Zoning permits mixed use including agricultural & hospitality operations.This is an opportunity to acquire a fully integrated hospitality destination with long-term growth potential

MLS number
X12670784
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N0M 2T0
Photos
49
Property tax
$26,333 / year
250days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 607 people.

$90,000Median household income
91.4%Own their home
100%Detached houses
58.4Median age
12.4%Born outside Canada
16.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35400207 — the few blocks around this address, home to 607 people. It describes the area, not this property.

607Population
51Average age
2.2Household size
$126,000Average household income
$90,000Median household income
91%Own their home
9%Rent
0%Condominiums
12%Born outside Canada
17%University degree
$740,000Average home value
7%Low income
61%Not in the labour force
19%Never married
$10,000 to $14,9991%
$20,000 to $24,9993%
$30,000 to $34,9994%
$35,000 to $39,9993%
$40,000 to $44,9991%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9995%
$90,000 to $99,9991%
$100,000 and over33%
$100,000 to $124,9998%
$125,000 to $149,9999%
$150,000 to $199,9998%
$200,000 and over9%

Percentages are of the 395 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$795,000 · minimum here is $795,000
$17,600.44per month
Borrowed before insurance$3,180,000
Total borrowed$3,180,000
Interest over 25 years at 4.5%$2,100,132

If you rented it out

-$19,794.86per month out of pocket
Rent$0.00
Everything it costs to hold$19,794.86
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Royal LePage Our Neighbourhood Realty. Listing data provided by the Toronto Regional Real Estate Board.