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$ 1,200,000
Est. payment /mo
New
623/625 ELGIN ST Saugeen Shores, ON N0H 2C0
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Saugeen Shores
MLS Listing ID X12182315
Style 2-Storey
Bedrooms 8
Building Age 100+
Annual Tax Amount $2,952
Tax Year 2024
Property Sub-Type Fourplex
Property Description
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!
Location
Province ON
County Bruce
Community Saugeen Shores
Area Bruce
Rooms
Family Room No
Basement Partial Basement
Kitchen 4
Interior
Interior Features None
Cooling None
Fireplaces Type Natural Gas, Freestanding, Fireplace Insert
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Landscaped, Year Round Living
Parking Features Lane
Garage Spaces 2.0
Pool None
Roof Type Membrane,Flat
Topography Level
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 6
Building
Foundation Unknown, Stone
Listed by Wilfred McIntee & Co Limited