For Sale: 20-22 2nd Street SE, Arran-Elderslie, ON - REW
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$549,900
6 bd • 3 ba • 3500 - 4999 sf • Multifamily
20-22 2nd Street SE
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$549,900
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20 & 22 2nd Street SEArran-Elderslie, ON, N0G 1L0

  • 6 Bed
  • 3 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: AMBROSE GARVEY, Broker of Record, Peak Edge Realty Ltd.

Home facts and features

Price details
List Price
$549,900
Get Pre-Approved
Gross Taxes for 2026
$5,746
Home facts
Bedrooms
6
Full Bathrooms
3
Parking Spaces
4
Parking Details
Garage, Attached Garage
Property Type
Multifamily
Lot Size
104 ft x 133 ft (13832 ft²)
Depth
133 feet
Frontage
104.0 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Baseboard heaters, Electric, Natural gas
Basement Details
Unfinished, Walk out, ,
Appliances
Dryer, Refrigerator, Stove, Two Washers
Agent details
Primary Agent
AMBROSE GARVEY
Primary Broker
Peak Edge Realty Ltd.
Secondary Agent
GERALD THOMSON
Secondary Broker
Peak Edge Realty Ltd.
Listing details
Days on REW
7 Days
MLS® Number
X13885394
Source
Canadian Real Estate Association
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Property Insights

Chesley District School
  • Public
  • JK - 12
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Call Agent
Broker of Record
AMBROSE GARVEY
Phone:
(519) 379-7653
Cell:
519-379-7653
Office:
519-506-7700
Salesperson
GERALD THOMSON
Office:
519-506-7700
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