More Photos

×

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

    Est payment $2,641/mo
    Get pre-qualified
    Views   1
    Time on Jump  29 day

    AI Summary *

    • Versatile property combining commercial space and residential rental opportunities.
    • Former creamery offers over 2,500 square feet for various business uses.
    • Three-unit residential building with two occupied one-bedroom units and one vacant four-bedroom.
    • Significant rental income potential from residential units and former creamery.
    • Treed backyard with views of the Saugeen River, providing additional appeal.




    Unique commercial and residential investment opportunity in chesley! This substantial property offers a combination of commercial space and residential rental income. The former creamery provides approximately 2,500+ square feet of additional space over multiple levels, including garage areas with access from both the front and rear of the building, workshop space and numerous storage rooms. With c1 commercial zoning on the main portion of the property, the building offers potential for a variety of business, workshop, storage or rental uses, subject to applicable approvals. Attached to the creamery is a three-unit residential building offering over 3,600 square feet of living space. The residential portion consists of two one-bedroom apartments on the main floor and a spacious four-bedroom apartment occupying the entire second floor. The four-bedroom apartment offers approximately 1,824 square feet and is currently vacant, providing an opportunity for an owner-occupant or additional rental 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 total potential residential rental income increases to approximately $42,360 annually, with further income possibilities from the former creamery. Each residential unit has its own laundry facilities, and the property has benefited from numerous updates over the years. Additional features include an attached carport, 2 garage spaces, outdoor parking and a treed backyard overlooking the saugeen river. An interesting opportunity for investors or those looking to combine residential income with their own business or storage needs.
    Listing IDX13885396
    Address20 & 22 2nd Street
    CityArran-Elderslie, Ontario
    Price$549,900
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Baseboard

    ASAP

    Tue

    10

    Nov

    Wed

    11

    Nov

    Thu

    12

    Nov

    Fri

    13

    Nov

    Sat

    14

    Nov

    Sun

    15

    Nov

    Mon

    16

    Nov

    Tue

    17

    Nov

    Wed

    18

    Nov

    Thu

    19

    Nov

    Fri

    20

    Nov

    Sat

    21

    Nov

    Sun

    22

    Nov

    Mon

    23

    Nov

    Tue

    24

    Nov

    Wed

    25

    Nov

    Thu

    26

    Nov

    Fri

    27

    Nov

    Sat

    28

    Nov

    Sun

    29

    Nov

    Mon

    30

    Nov

    Tue

    1

    Dec

    Wed

    2

    Dec

    Thu

    3

    Dec

    Fri

    4

    Dec

    Sat

    5

    Dec

    Sun

    6

    Dec

    Mon

    7

    Dec

    Tue

    8

    Dec

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    454 Queen Street
    Arran-Elderslie, Ontario.
    4 Beds | 2 Baths
    $510,000
    5 Palmer Marie Lane
    Arran-Elderslie, Ontario.
    3 Beds | 3 Baths
    $479,000
    321 Arnaud Street Unit# 1
    Arran-Elderslie, Ontario.
    3 Beds | 3 Baths
    $489,900
    38 Market Street
    Arran-Elderslie, Ontario.
    4 Beds | 2 Baths
    $588,888
    87a Union Street
    Arran-Elderslie, Ontario.
    4 Beds | 3 Baths
    $519,000
    44 2nd Avenue
    Arran-Elderslie, Ontario.
    4 Beds | 2 Baths
    $499,000
    95 10th Street
    Arran-Elderslie, Ontario.
    3 Beds | 2 Baths
    $535,000
    21 Fairview Drive
    Arran-Elderslie, Ontario.
    4 Beds | 2 Baths
    $575,000
    129 River Street
    Arran-Elderslie, Ontario.
    4 Beds | 2 Baths
    $524,000
    Loading...
    20 & 22 2nd Street
    Arran-Elderslie , Ontario
    $549,900
    Get more info