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20 & 22 2Nd St Se, Chesley, ON

Name: 20 & 22 2Nd St Se, For Sale in Chesley - eXp Realty
Brand: Peak Edge Realty Ltd.
SKU: X13885394
Price: 549900 CAD

House

For Sale

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634

MLS® X13885394

Property Details
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Description

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:58753)Show Description

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $5,746

Days Active 0

MLS® Number X13885394

Central VacNo

FireplaceNo

GarageYes

BasementUnfinished, Walk out, N/A

DrivewayAttached Garage, Garage

HeatBaseboard heaters, Electric, Natural gas

A/CNone

Additional Information

Siding Brick, Vinyl Siding

Sewage System Other

Price History

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$XXX,XXXSold Price

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00/00/0000List Date

$XXX,XXXList Price

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