view of building exterior Features: window mounted ac More Photos

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    For Sale - 99 1st Avenue, Arran-Elderslie, Ontario

    Est payment $1,537/mo
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    Time on Jump  66 day

    AI Summary *

    • Historic brick building with both commercial and residential spaces for investment.
    • Main floor features a fully equipped restaurant with recent renovations.
    • Two occupied apartments upstairs provide steady rental income.
    • Convenient location in a busy community near major employment opportunities.
    • Electric furnace and modern utilities ensure efficiency and reliability.




    Investor opportunity! A fantastic opportunity if you are 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 is equipped with a full service restaurant space, recently renovated with new flooring, signage and seating area with dining counter, hot table and cold display case. 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 just a short drive from west gta, north 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 just under 10% with all three spaces leased. All equipment/appliances as is. Pictures show restaurant space prior to renovations which have new flooring and dining space.
    Listing IDX12774606
    Address99 1st Avenue
    CityArran-Elderslie, Ontario
    Price$319,999
    Bath4 Full
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Electric Forced Air

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    Listing Agency:  COLDWELL BANKER THE REAL ESTATE CENTRE

    * 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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    99 1st Avenue
    Arran-Elderslie , Ontario
    4 $319,999
    Get more info