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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$549,900
Available - For Sale
Listing ID: X13885394
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.
Price $549,900
Taxes: $5,746
Assessment Year: 2026
Occupancy by: Tenant
Address: 20 & 22 2nd Street South , Arran-Elderslie, N0G 1L0, Bruce
Directions/Cross Streets: 1st Ave
Rooms: 19
Bedrooms: 6
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Unfinished
Walk-Out
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Main
Washroom 3:  4 Main
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Main
Washroom 8:  4 Main
Washroom 9:  0
Washroom 10:  0
Property Type: Triplex
Style: 2-Storey
Exterior: Vinyl Siding
Brick
Garage Type: Attached
Drive Parking Spaces: 2
Pool: None
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Peak Edge Realty Ltd.

20 & 22 2nd Street South , Arran-Elderslie, N0G 1L0, Bruce

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Stan Khurana
Sales Representative
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6473836000
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At a Glance:
Type: Freehold - Triplex
Area: Bruce
Municipality: Arran-Elderslie
Neighbourhood: Arran-Elderslie
Style: 2-Storey
Lot Size: x 133.00(Feet)
Approximate Age:
Tax: $5,746
Maintenance Fee: $0
Beds: 6
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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