$295,000
FOR SALE

Commercial/Retail

Lot: 17 x 177.95 ft
2025 Taxes: $1,940

99 1st Ave S
Arran-Elderslie, ON N0G 1L0 | Bruce

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.
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Listed By COLDWELL BANKER THE REAL ESTATE CENTRE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12774606
Last Updated Apr 24, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Hospitality/Food Related
PIN 331860123
Possession Date Flexible
Taxes (2025) $1,940
Directions/Cross Streets SE of 1st Ave & 2nd St Downtown
Neighbourhood Arran-Elderslie
Area Bruce
Price History

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Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Bathrooms 4
Lot 17 x 177.95 ft
Air Conditioning Yes
Garage Type None
Heat Type Electric Forced Air

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