20 & 22 2nd Street, Arran-Elderslie, ON N0G 1L0
Arran-Elderslie, ON N0G 1L0
About this property
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.
Property facts & features
- Property type
- Investment
- MLS® number
- X13885396
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Reported interior area
- 5648
- Neighbourhood
- Not provided
- Postal code
- N0G 1L0
- Garage
- Other
- Lot depth (source units)
- 133
- Annual property tax
- 5746
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $549,900
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
Sign in to request eligible VOW access →Plan your monthly ownership costs
Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.
Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Location & neighbourhood
A verified map location is not yet available for this listing.
Transit stops, schools and commute information are unavailable until verified sources are connected. Optional overlays remain off.
Explore active properties in Arran-Elderslie →Listing brokerage: Peak Edge Realty Ltd.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13885396. Information deemed reliable but not guaranteed.