$425,000
Available - For Sale
Listing ID: X12236174
99 1st Aven South , Arran-Elderslie, N0G 1L0, Bruce
| 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, with seating area and dining counter, Hot Table and cold display case, ideal for take-out or dine-in options. 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 its 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. If someone is looking to take the leap into owning a business or looking for a property with existing tenants, this could be a perfect fit. High cap rate of over 10% with all three spaces leased. All equipment/appliances as is. |
| Price | $425,000 |
| Taxes: | $2492.76 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 99 1st Aven South , Arran-Elderslie, N0G 1L0, Bruce |
| Postal Code: | N0G 1L0 |
| Province/State: | Bruce |
| Legal Description: | PT LT 3 PL 217 (SUBDIVISION OF LT 8 PL 7 |
| Directions/Cross Streets: | SE of 1st Ave & 2nd St Downtown Chesley |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Service |
| Use: | Hospitality/Food Related |
| Building Percentage: | T |
| Total Area: | 3245.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 2 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
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| COLDWELL BANKER THE REAL ESTATE CENTRE |
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Wally Islam
Real Estate Broker
Dir:
416-949-2626
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416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Bruce |
| Municipality: | Arran-Elderslie |
| Neighbourhood: | Arran-Elderslie |
| Tax: | $2,492.76 |
| Baths: | 2 |
| Fireplace: | N |
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