20 & 22 2nd Street Se, Arran Elderslie
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:1945)
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Property details for 20 & 22 2nd Street Se, Arran Elderslie
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 104 x 133 FT
- Stories
- 2
- Basement
- Unfinished, Walk out, N/A, N/A
- Parking
- Attached Garage, Garage
- Heating
- Baseboard heaters, Electric, Natural gas
- Cooling
- None
- Exterior
- Brick, Vinyl siding
- Annual Taxes
- $5,746 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 20 & 22 2nd Street Se
Active Listings
1
Min Price
$549,900
Max Price
$549,900
Avg Price
$549,900
Days on Market
0
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Arran-Elderslie, Ontario
Population
546
Median Age
51.4
Median Income
$22,515
Dwelling Value
$150,424
Housing Tenure
Owners 50%
Renters 50%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 1,190.8/km²
Avg Shelter Cost: $1,111/mo
Owners with Mortgage: 53.6%
Owners Spending 30%+: 22.2%
Tenants Spending 30%+: 60.7%
English only: 96.1%
English and French: 3.9%
Neither: 1%
Median Household Income: $36,864
Median Employment Income: $23,872
Price History
Listed
October 11, 2026
by Peak Edge Realty Ltd.
Current Price
$549,900
Type
Multi-family
For Sale
