20 & 22 2nd Street SE,Arran-Elderslie, ON N0G1L0
Arran-Elderslie, ON N0G1L0
Description
Unique Triplex Investment Opportunity in Chesley! Offering over 3,600 square feet of residential living space, this property features two one-bedroom apartments on the main floor and a spacious four-bedroom apartment occupying the entire second floor. The four-bedroom unit offers approximately 1,824 square feet, including a large kitchen, hardwood flooring in several rooms and a natural gas boiler installed in 2022. Previously owner-occupied, this apartment is now vacant, offering an opportunity to live in one unit while the other two help pay your mortgage, or rent all three units for additional income. The two one-bedroom apartments are occupied by long-term tenants, currently generating approximately $20,760 annually in gross rental income. With an estimated rental potential of $1,800 per month plus utilities for the vacant four-bedroom apartment, the property could generate approximately $42,360 in annual gross residential rental income. Each apartment has its own laundry facilities, and the building has benefited from numerous updates over the years. Adding to the property's possibilities is a massive attached former creamery offering multiple levels of garage, workshop and storage space, with potential for additional rental income. The property also features an attached carport, additional parking and a treed backyard overlooking the Saugeen River. An interesting opportunity for investors or buyers looking to offset their mortgage with rental income. (id:13843)
Details
| MLS # | X13885394 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 22 |
| Listing Provided By | Peak Edge Realty Ltd. | AMBROSE GARVEY |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,500 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric, Natural gas |
| Appliances | Refrigerator, Stove, Dryer, Two Washers |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Stone |
|---|
Parking
| Parking Features | Attached Garage, Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5746 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Arran-Elderslie |
| Postal Code | N0G1L0 |
| Listing VS Median (in N0G1L0) | |
Price: $549,900 low | high Med: $475,000 sqft: 3,500 low | high Med: 1,500 $ / sqft: $157 low | high Med: $317 On site: 22 low | high Med: 90 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Arran-Elderslie |
| Postal Code | N0G1L0 |
| Listing VS Median (in N0G1L0) | |
Price: $549,900 low | high Med: $475,000 sqft: 3,500 low | high Med: 1,500 $ / sqft: $157 low | high Med: $317 On site: 22 low | high Med: 90 | |