ON > Arran-elderslie > Arran-Elderslie
Arran-elderslie, ON N0G 1L0,99 1st AVE S
Arran-elderslie, ON N0G 1L0,99 1st AVE S
Arran-elderslie, ON N0G 1L0,99 1st AVE S
Arran-elderslie, ON N0G 1L0,99 1st AVE S
Arran-elderslie, ON N0G 1L0,99 1st AVE S
Arran-elderslie, ON N0G 1L0,99 1st AVE S
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 375,000
Est. payment | /mo

2 Baths

3,245 SqFt

Save
$ 375,000
Est. payment | /mo
Save

2 Baths

3,245 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,245 sqft

Price per Sqft $115

Subdivision Arran-Elderslie

MLS Listing ID X12341964

Annual Tax Amount $2,492

Tax Year 2024

Property Sub-Type Commercial Retail

Property Description

This is a fantastic opportunity for someone looking to invest in a commercial property in Downtown Chesley! This Historic brick building has both commercial & residential spaces with multiple options. Enjoy the benefits with three steady revenue streams!! The main floor restaurant is leased as Restaurant space and recently renovated with new flooring, signage and seating area with dining counter, Hot Table and cold display case. A welcome Breakfast spot in to town. Fully equipped with a walk-in cooler, fire suppression system, gas stove, double ovens, freezer, and prep area. Office, Basement storage space and convenient back access for deliveries. Electric Furnace Forced air, 200 amp service. Two occupied apartments upstairs with steady stream of rental income. One 2 bedroom and one 1 bedroom, each with their own laundry. Baseboard Heating, separate hydro meters and Hot water tanks upgraded in 2019. Water billed separately and currently paid by the landlord. Chesley is a busy town with plenty of opportunities, and its a short drive Owen Sound, surrounding towns and Lake Huron. This property provides a great balance of commercial potential and residential income, all in a welcoming community near major employment opportunities. High cap rate of over 10% with all three spaces leased. All equipment/appliances as is. NEW photos of renovated Restaurant space to come!

Location

Province ON

County Bruce

Community Arran-Elderslie

Area Bruce

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 17.0

Lot Depth 184.68

Others

Security Features No

Listed by COLDWELL BANKER THE REAL ESTATE CENTRE
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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