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    For Sale - 20 & 22 2nd Street, Arran-Elderslie, Ontario

    Est payment $2,641/mo
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    Time on Jump  12 day

    AI Summary *

    • Spacious triplex with over 3,600 square feet of living space.
    • Two one-bedroom units with long-term tenants, generating steady income.
    • Vacant four-bedroom apartment offers potential for personal use or renting.
    • Additional storage and workshop space from a former creamery.
    • Treed backyard with views of the Saugeen River for outdoor enjoyment.




    Unique triplex investment opportunity in chesley! Offering over 3,600 square feet of residential living space, this property features two one-bedroom apartments on the main floor and a spacious four-bedroom apartment occupying the entire second floor. The four-bedroom unit offers approximately 1,824 square feet, including a large kitchen, hardwood flooring in several rooms and a natural gas boiler installed in 2022. Previously owner-occupied, this apartment is now vacant, offering an opportunity to live in one unit while the other two help pay your mortgage, or rent all three units for additional income. The two one-bedroom apartments are occupied by long-term tenants, currently generating approximately $20,760 annually in gross rental income. With an estimated rental potential of $1,800 per month plus utilities for the vacant four-bedroom apartment, the property could generate approximately $42,360 in annual gross residential rental income. Each apartment has its own laundry facilities, and the building has benefited from numerous updates over the years. Adding to the property's possibilities is a massive attached former creamery offering multiple levels of garage, workshop and storage space, with potential for additional rental income. The property also features an attached carport, additional parking and a treed backyard overlooking the saugeen river. An interesting opportunity for investors or buyers looking to offset their mortgage with rental income.
    Listing IDX13885394
    Address20 & 22 2nd Street
    CityArran-Elderslie, Ontario
    Price$549,900
    Bed / Bath6 / 3 Full
    Style2-Storey, Triplex
    ConstructionVinyl Siding, Brick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features NoneOwnership FreeholdBasement Unfinished, Walk-OutFoundation StoneHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 4.00
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    Listing Brokerage: Peak Edge Realty Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    20 & 22 2nd Street
    Arran-Elderslie , Ontario
    6 3 $549,900
    Get more info