99 1ST AVENUE S, Arran-Elderslie, Ontario, CA

Address: 99 1ST AVENUE S, Arran-Elderslie, Ontario

0 Beds4 Baths3245 sqftStatus: Buy
Price $375,000

Property Overview


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. (id:51532)

 

Tags




Property Summary
Property Type
Retail
Square Footage
3245 sqft
Community Name
Arran-Elderslie
Land Size
17 x 177.95 FT
Building
Interior Features
Appliances Included
Dryer, Freezer, Oven, Washer
Building Features
Square Footage
3245 sqft
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air
Utilities
Water
Municipal water
Land
Other Property Information
Zoning Description
C2
Features
           Dryer            Freezer            Oven
           Washer            Fully air conditioned
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Your Home Finance Calculation

Property Price CA $375,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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