623/625 ELGIN STREET new Save Request In-Person Tour Request Virtual Tour
Saugeen Shores,ON N0H2C0
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $342
Subdivision Saugeen Shores
MLS Listing ID X12182315
Bedrooms 8
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! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Fireplaces Number 3
Fireplaces Type Free Standing Metal,Insert
Exterior
Parking Features Yes
View Y/N No
Building
Lot Description Landscaped
Story 2
Sewer Sanitary sewer