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$ 375,000
Est. payment /mo
New
99 1st AVE S Arran-elderslie, ON N0G 1L0
4 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Arran-Elderslie
MLS Listing ID X12601894
Annual Tax Amount $1,940
Tax Year 2025
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 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 just 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 just under 10% with all three spaces leased. All equipment/appliances as is. Pictures show restaurant space prior to current lease renovations which have new flooring and dining space.
Location
State ON
County Bruce
Area Bruce
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 17.0
Lot Depth 177.95
Others
Security Features No
ParcelsYN No
Listed by COLDWELL BANKER THE REAL ESTATE CENTRE