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$295,000
Ontario,Arran-Elderslie
For Sale Active
99 1ST AVENUE S, Arran-Elderslie, Ontario N0G1L0
  • 4
  • 3,245 Sqft
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Basic Details
Description

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. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12774606
  • Price: $295,000
  • Bathrooms: 4
  • Square Footage: 3,245 Sqft
  • Status: Active
  • Property Sub Type: Retail
  • Office Key: 256758
Features & Appliances
Features
  • Heating System: Electric, Forced air
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Arran-Elderslie, N0G1L0
  • Street: 1st
  • Street Number: 99
  • Street Suffix: Avenue
  • Longitude: W82° 54' 17.6''
  • Latitude: N44° 17' 51.9''
  • Street Dir Suffix: South
Additional Information
  • Water Source:
  • Lot Size Dimensions: 17 x 177.95 FT
Financial
  • Tax Annual Amount: 1940
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Listing updated: 2026-04-28 03:43:35
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Listing Information
  • List Agent Key: 2136283
  • List Office Key: 256758
  • Modification Timestamp: 2026-04-24T13:50:07Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-04-24T13:42:30Z
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Listing updated: 2026-04-28 03:43:35
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