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  • 623/625 ELGIN STREET in Saugeen Shores: Multi-family for sale : MLS®# X12182315

    623/625 ELGIN STREET Saugeen Shores N0H 2C0
    Main Photo: 623/625 ELGIN STREET in Saugeen Shores: Multi-family for sale : MLS®# X12182315

    623/625 ELGIN STREET Saugeen Shores N0H 2C0

    $1,100,000
    Multi-family
    Status:
    Active
    MLS® Num:
    X12182315
    Bedrooms:
    8
    Bathrooms:
    4
    Exceptional investment opportunity with this meticulously maintained 4-plex income property in the heart of Port Elgin! This fully tenanted, all-brick building generates a steady gross income and is ideally located just one block from downtown, ensuring high demand and ease of rental. Situated on a beautifully landscaped 66ft x 132ft lot, the property features a charming wrought-iron fenced courtyard at the front, enhancing its curb appeal, and a fenced rear yard offering a shared outdoor space for tenants. Each of the four spacious apartments features 2 bedrooms and 1 bathroom, with three units equipped with convenient in-suite laundry. The building is efficiently heated with hot water radiant baseboards, complemented by cozy natural gas fireplaces in three units. While rents are currently all-inclusive, the presence of four separate hydro meters allows for a seamless transition to individual metering, offering potential for improved ROI in the future. Additional amenities include dedicated parking for each unit accessible via the rear lane, as well as a detached double garage with in-floor hot water heating and a 2-piece washroom. This versatile garage space is perfect for personal storage, a workshop, or even potential additional rental income. The property and grounds have been lovingly maintained, reflecting years of careful stewardship. This outstanding income property is a must-see for savvy investors seeking a reliable, turnkey opportunity in a prime location! (id:2493) More details
    Listed by Wilfred McIntee & Co Limited
    LISTING DETAILS
    GAIL R SCHUETT

  • 517 WALES DRIVE in Saugeen Shores: Multi-family for sale : MLS®# X12392311

    517 WALES DRIVE Saugeen Shores N0H 2C1
    Main Photo: 517 WALES DRIVE in Saugeen Shores: Multi-family for sale : MLS®# X12392311

    517 WALES DRIVE Saugeen Shores N0H 2C1

    $765,000
    Multi-family
    Status:
    Active
    MLS® Num:
    X12392311
    Bedrooms:
    5
    Bathrooms:
    2
    517 Wales Drive is the perfect 3+2 bedroom multifamily or investment home. Showcasing this rare opportunity, this fully renovated property offers two completely self-contained living spaces, each with its own laundry, providing the ideal setup for income potential or multigenerational living. An Additional Residential Unit (ARU) application was submitted and approved by the Town of Saugeen Shores, giving buyers peace of mind and flexibility for future use. Live in the spacious upper level while renting out the lower suite to offset your mortgage or rent both and benefit from positive cash flow at the asking price. The upper level features three bedrooms and a full washroom, while the lower level includes two bedrooms and a full washroom, making the layout perfect for guests, tenants, or extended family. A 2025 renovation brought modern finishes, brand-new appliances, and upgraded systems, including four new heat pumps three in the lower unit and one in the upper plus two gas fireplaces capable of heating the entire home. With newer windows, a roof replaced around 2018, and everything move-in ready, this home is solid, stylish, and ready to perform.This property has also proven itself as a strong income earner, having successfully operated as an Airbnb for the 2022 and 2023 years. The rental potential is outstanding, with summer income alone enough to cover the mortgage for the entire year, while long-term rentals provide stable returns. Outside, you will find parking for up to five vehicles, a huge fenced backyard perfect for families and pets, and a brand-new storage shed for added convenience. Located in a quiet, family-friendly neighbourhood, you are just a short walk through scenic trails to the beach and only minutes to downtown and the shoreline. With five bedrooms, two washrooms, and ARU approval already in place, 517 Wales Drive is a rare chance to secure both a home and an investment live in one, lease the other, and let this opportunity work for you. (id:2493) More details
    Listed by Wilfred McIntee & Co Limited
    LISTING DETAILS
    GAIL R SCHUETT
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Data was last updated September 14, 2025 at 12:45 AM (UTC)
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