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MLS® X12601894
Arran-Elderslie, ON
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.
Inclusions
Restaurant: 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)
Exclusions
Personal belongings for each apartment and Restaurant (tables, dishwasher, plus)
Broker
COLDWELL BANKER THE REAL ESTATE CENTRE
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Commercial Retail
99 1st Avenue S Arran-Elderslie
Arran-Elderslie
Type
Commercial Retail
Parking
None
Property Tax
~$1,940/yr
Heating
Electric Forced Air
Buying Essentials
Square Feet
3245 sqft
Parking
None
Finances
List Price
$350,000
Price per SQFT
$108/sqft
Property Tax
~$1,940/yr
Property Specs
Property Type
Commercial Retail
MLS Size
3245 sqft
Living & Amenities
Heating Type
Electric Forced Air
Policies & Utilities
Neighbourhood
Arran-Elderslie
Listed On
Dec 4, 2025
Days on Market
Current: 338 days
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