20 & 22 2nd St is an investment in Arran-Elderslie, listed for $549,900.
1This substantial property offers a combination of commercial space and residential rental income.
2Attached to the creamery is a three-unit residential building offering over 3,600 square feet of living space.
3The residential portion consists of two one-bedroom apartments on the main floor and a spacious four-bedroom apartment occupying the entire second floor.
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Commercial Property in Arran-Elderslie
About 20 & 22 2nd Street
Unique Commercial and Residential Investment Opportunity in Chesley! This substantial property offers a combination of commercial space and residential rental income. The former creamery provides approximately 2,500+ square feet of additional space over multiple levels, including garage areas with access from both the front and rear of the building, workshop space and numerous storage rooms. With C1 commercial zoning on the main portion of the property, the building offers potential for a variety of business, workshop, storage or rental uses, subject to applicable approvals. Attached to the creamery is a three-unit residential building offering over 3,600 square feet of living space. The residential portion consists of two one-bedroom apartments on the main floor and a spacious four-bedroom apartment occupying the entire second floor. The four-bedroom apartment offers approximately 1,824 square feet and is currently vacant, providing an opportunity for an owner-occupant or additional rental 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 total potential residential rental income increases to approximately $42,360 annually, with further income possibilities from the former creamery. Each residential unit has its own laundry facilities, and the property has benefited from numerous updates over the years. Additional features include an attached carport, 2 garage spaces, outdoor parking and a treed backyard overlooking the Saugeen River. An interesting opportunity for investors or those looking to combine residential income with their own business or storage needs.
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Inside 20 & 22 2nd St
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Investment
20 & 22 2nd St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13885396$549,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 20 & 22 2nd St Compares to the Arran-Elderslie Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 20 & 22 2nd St
Homes for sale in Arran Elderslie
Every active Arran Elderslie MLS® listing, updated all day.
Average days on market65Homes sold in about 65 days on average.
Sale-to-list ratio94.9%On average, homes sold below asking.
Active listings56Homes for sale here right now.
Median vs prior 90 days+5.6%Compared with Apr 14 – Jul 13, 2026: prices up.
Based on 23 sales from Jul 13 – Oct 11, 2026 (22 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 20 & 22 2nd St
How much is 20 & 22 2nd St listed for?
20 & 22 2nd St is listed at $549,900 (MLS® X13885396). Summitly updates the price as soon as the MLS® record changes.
Has the price of 20 & 22 2nd St changed?
No — 20 & 22 2nd St is still listed at its original asking price of $549,900.
How many bedrooms and bathrooms does 20 & 22 2nd St have?
The listing for 20 & 22 2nd St doesn't publish its bedroom and bathroom count. It is a commercial property in Arran-Elderslie.
How does 20 & 22 2nd St compare with other homes in Arran-Elderslie?
Its asking price of $549,900 is about 15% above the median sold price in Arran-Elderslie over the last 90 days, $480,000, across 23 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 20 & 22 2nd St been sold before?
Summitly has no earlier MLS® sale or lease of 20 & 22 2nd St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 20 & 22 2nd St?
20 & 22 2nd St is in Arran-Elderslie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 20 & 22 2nd St been on the market?
2 days — 20 & 22 2nd St was listed on October 9, 2026.
What is the land transfer tax on 20 & 22 2nd St?
About $7,473 in Ontario land transfer tax at the asking price of $549,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 20 & 22 2nd St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 20 & 22 2nd St?
The listing for 20 & 22 2nd St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Arran-Elderslie.
When was 20 & 22 2nd St built?
The listing for 20 & 22 2nd St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
