99 1st Avenue
Arran-Elderslie, ON
- 4 bath
- 3,245 sqft
- Commercial Retail
- 272 days on market
This is a fantastic opportunity for someone 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 restaurant is leased as Restaurant space and recently renovated with new flooring, signage and seating area with dining counter, Hot Table and cold display case. A welcome Breakfast spot in town. 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 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 current lease renovations which have new flooring and dining space.
Listing Details
- Taxes (2025)
- $1,940
- Originally Listed
- $375,000
- Listed
- December 4, 2025
Price History
Listing history
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Property
- Lot Size
- 17 x 177.95 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- SE of 1st Ave & 2nd St Downtown
- Zoning
- C2
- Parcel Number
- 331860123
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Hospitality/Food Related
Included
- Inclusions
- Restaurant: Fire suppression hood system, gas stove, display cooler, hot table, freezer, dbl oven, fridge. All equipment as is. Apartments: each with own Fridge, Stove, Washer, Dryer. New shingles (2022), flat roof refurbished (2022), Siding & Eaves (2023). LED Lights in upper apartments (2019). Separate Hydro & HWT Meter (2019)
- Exclusions
- Personal belongings for each apartment and Restaurant (tables, dishwasher, plus)
- Rental Items
- None
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area N0G
- Population
- 86,935
- Private dwellings
- 35,896
- Median age
- 40.8
- Average household size
- 2.6
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Arran-Elderslie · last 12 months
- Median sold price
- $487,500
- Homes sold
- 78
- Median days on market
- 46
- Sale-to-list price
- 95.4%
Based on 78 recorded sales of commercial properties in Arran-Elderslie over the last 12 months.
Listed by
COLDWELL BANKER THE REAL ESTATE CENTRE
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 3,245 sq ft
- Price per sq ft
- $107.86
- Annual property tax
- $1,940
- Tax per sq ft
- $0.60
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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