$295,000
99 1ST AVENUE S
Beds
—
Baths
4
Sqft
—
Year
—
Type
Retail
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Arran-Elderslie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
INVESTOR OPPORTUNITY! A fantastic opportunity if you are looking to invest in a commercial property in Downtown Chesley! This Historic brick building has both commercial & residential spaces with multiple options. Enjoy the benefits with three steady revenue streams!! The main floor is equipped with a full service Restaurant space, recently renovated with new flooring, signage and seating area with dining counter, Hot Table and cold display case. Fully equipped with a walk-in cooler, fire suppression system, gas stove, double ovens, freezer, and prep area. Office, Basement storage space and convenient back access for deliveries. Electric Furnace Forced air, 200 amp service. Two occupied apartments upstairs with steady stream of rental income. One 2 bedroom and one 1 bedroom, each with their own laundry. Baseboard Heating, separate hydro meters and Hot water tanks upgraded in 2019. Water billed separately and currently paid by the landlord. Chesley is a busy town with plenty of opportunities, and just a short drive from west GTA, north Owen Sound, surrounding towns and Lake Huron. This property provides a great balance of commercial potential and residential income, all in a welcoming community near major employment opportunities. High cap rate of just under 10% with all three spaces leased. All equipment/appliances as is. Pictures show restaurant space prior to renovations which have new flooring and dining space. (id:65958)
- Subtype
- Retail
- Community
- Arran-Elderslie
- Living area
- 3,245 square feet
- Lot dimensions
- 17 x 177.95 FT
- On market
- Feb 10, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $1,940
- Zoning
- C2
- Photos
- 21
- MLS#
- X12774606
- Area
- ARRAN-ELDERSLIE
Features and systems
Appliances
Heating
Cooling
Cash on cash
10.17%
Cap rate
6.90%
GRM
10.2
Break-even rent
$1,873
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.