98 3rd Street, Arran-Elderslie, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Arran-Elderslie. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 208 x 330 ft lot size
- Convenient double detached garage included
- equipped with partial central cooling and highly efficient propane gas heating
Description
This majestic residence is located in the quiet town of Chesley, twenty minutes from Lake Huron, Hanover, or Walkerton. It has operated as Parkview Manor, a 34 bed senior residence, for over fifty years and is now ready to be repurposed by a new owner. The original home was builtin approximately 1860 and a concrete block addition was added later. the interior has been altered to meet the requirements of the residents and the business. Although updates to the structure are needed, some of the character remains including stain glass and hardwood trim and baseboards. There is a two story coach house as well. The lot has a total of 1.48 acres with a frontage of 264 feet. Survey and Phase 1 ESA available.
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Parking & Garage
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No
Community Features
Greenbelt/Conservation, Major Highway
Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 98 3rd Street S, Arran-Elderslie, ON N0G 1L0
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About Purchasing a Home in Arran-Elderslie, ON
For a property listed at $500,000 in Arran-Elderslie, the legal minimum down payment is $25,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,475 for this transaction. As this listing is in Arran-Elderslie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.