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99 1ST AVENUE S, Arran-Elderslie
2025-12-04
Quick Summary
- Location
- 99 1ST AVENUE S, Arran-Elderslie, Ontario N0G1L0
- Price
- $375,000
- Status:
- For Sale
- Property Type:
- Retail
- Area:
- 3245 sqft
- Bathrooms:
- 4
MLS®#X12601894
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. (id:32467)
Property Features
Building
- Appliances: Dryer, Freezer, Oven, Washer
- Cooling Type: Fully air conditioned
- Fireplace: No
- Interior Size: 3245 sqft
- Utility Water: Municipal water
Land
- Land Size: 17 x 177.95 FT
Zoning
- Description: C2
Information entered by COLDWELL BANKER THE REAL ESTATE CENTRE
Listing information last updated on: 2025-12-05 16:25:08
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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