20 & 22 2nd Street SE, Arran-Elderslie, ON N0G 1L0
Arran-Elderslie · Near 1st Ave · View map
About this home
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.
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 19
- Basement
- Unfinished, Walk-Out
- Lot size
- 104 x 133 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding, Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Garage spaces
- 2
- Driveway spaces
- 2
- Total parking
- 4
Taxes & other
- Property taxes
- $5,746/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- 1st Ave
- Neighbourhood
- Arran-Elderslie
More
- Price per sq ft
- ~$129 (at 4,250 sq ft)
- MLS® number
- X13885394
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
20 & 22 2nd Street, Arran-Elderslie, ON N0G 1L0
Arran-Elderslie · Near 1st Ave
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Listing history for 20 & 22 2nd Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 20 & 22 2nd Street SE
Answers come straight from this home’s MLS® listing.
How much is 20 & 22 2nd Street SE listed for, and what would it cost each month?
20 & 22 2nd Street SE is listed for $549,900. With 20% down ($109,980), the mortgage payment would be roughly $2,218 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,697 a month, all in. That figure is an illustration, not a quote.
Is 20 & 22 2nd Street SE freehold or a condo, and is there a monthly fee?
20 & 22 2nd Street SE is a triplex in Arran-Elderslie. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 20 & 22 2nd Street SE have?
20 & 22 2nd Street SE has 6 bedrooms and 3 bathrooms. The listing gives the style as 2-storey.
Does 20 & 22 2nd Street SE have a garage and parking?
Yes. The listing shows the garage as attached, with room for 2 cars. The driveway adds 2 spaces. In total the listing counts 4 parking spaces.
Does 20 & 22 2nd Street SE have a finished basement?
The listing describes the basement as unfinished, walk-out. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 20 & 22 2nd Street SE?
20 & 22 2nd Street SE is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 20 & 22 2nd Street SE, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 104 x 133 ft.
How is 20 & 22 2nd Street SE heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 20 & 22 2nd Street SE?
Property taxes are $5,746 a year (2026), or about $479 a month.
Where is 20 & 22 2nd Street SE?
20 & 22 2nd Street SE is in Arran-Elderslie. The nearest main intersection is 1st Ave. The postal code is N0G 1L0.
Is 20 & 22 2nd Street SE still for sale?
Yes. It is an active listing (MLS® X13885394). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 20 & 22 2nd Street SE asking?
Similar properties for sale nearby right now include 38 Market Street at $588,888 (4 bed), 44 2nd Avenue at $499,000 (4 bed) and 3998 Bruce Rd 3 Road at $675,000 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 20 & 22 2nd Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 20 & 22 2nd Street SE?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Detached home$675,0003998 Bruce Rd 3 Road, Arran-Elderslie4 bed · 3 bath · Arran-ElderslieCourtesy of: Royal LePage RCR RealtyView home →Courtesy of: Peak Edge Realty Ltd.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.