ON > Arran-elderslie
Arran-elderslie, ON N0G 1L0,99 1st AVE S
See all 19 photos
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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sun
13
Apr
Mon
14
Apr
Tue
15
Apr
Pierre Desbiens

Pierre Desbiens

+1(613) 407-1811
$ 408,000
Est. payment /mo
Save
Active

99 1st AVE S Arran-elderslie, ON N0G 1L0

2 Baths

3,245 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,245 sqft

Price per Sqft $125

MLS Listing ID X12057136

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. Run your own business & live in one of the 2 upper apartments, convert the space or enjoy the benefits of leasing three steady revenue streams. The main floor restaurant is clear for a new Tenant, with ideal space for a restaurant, cafe, or retail business. Seating area with booths and dining counter, Hot Table and cold display case, ideal for take-out or dine-in options. 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. If someone is looking to take the leap into owning a business or looking for a property with existing tenants, this could be a perfect fit. High cap rate potential of over 10% with restaurant leased.

Location

Province ON

County Bruce

Area Bruce

Zoning C2

Interior

Cooling Yes

Inclusions Restaurant: Booths, existing sinks, fire suppression hood system, gas stove, display cooler, hot table, freezer, dbl oven, fridge. All equipment as is. Apartments: each with own Fridge, Stove, Washer, Dryer. New shingles (2022), flat roof refurbished (2022), Siding & Eaves (2023). LED Lights in upper apartments (2019). Separate Hydro & HWT Meter (2019)

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

Pierre Desbiens

+1(613) 407-1811

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Pierre Desbiens, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

99 1st AVE S