20 & 22 2nd ST SE, Arran-elderslie, ON N0G 1L0
20 & 22 2nd ST SE, Arran-elderslie, ON N0G 1L0
20 & 22 2nd ST SE, Arran-elderslie, ON N0G 1L0
20 & 22 2nd ST SE, Arran-elderslie, ON N0G 1L0
20 & 22 2nd ST SE, Arran-elderslie, ON N0G 1L0
20 & 22 2nd ST SE, Arran-elderslie, ON N0G 1L0
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Brandon Hazell

Brandon Hazell

+1(289) 600-3107
$ 549,900
Est. payment | /mo

6 Beds

3 Baths

Save
$ 549,900
Est. payment | /mo
Save

6 Beds

3 Baths

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

State 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.

NEARBY SCHOOLS & PROPERTIES

Brandon Hazell

Very Professional Jennifer was helpful, knowledgeable and was able to work around my crazy work schedule. Thanks to her dedication, I am now a proud home owner and excited for the future, Thank you!

+1(289) 600-3107

brandon@hazellrealty.ca

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20 & 22 2nd ST SE