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$ 549,900
Est. payment /mo
New
20 & 22 2nd ST SE Arran-elderslie, ON N0G 1L0
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Arran-Elderslie
MLS Listing ID X13885394
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,746
Tax Year 2026
Property Sub-Type Triplex
Property 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.
Location
Province ON
County Bruce
Area Bruce
Rooms
Family Room No
Basement Unfinished, Walk-Out
Kitchen 3
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Electric
Exterior
Garage Spaces 2.0
Pool None
Roof Type Shingles
Lot Frontage 103.95
Lot Depth 133.0
Total Parking Spaces 4
Building
Foundation Stone
Others
ParcelsYN No
Listed by Peak Edge Realty Ltd.