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$1,200,000

Est. payment - /mo

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8 Beds

4 Baths

New

623/625 ELGIN ST Saugeen Shores, ON N0H 2C0

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Stephan Gauthier

stephan@gauthierhomes.com +1(613) 697-7771

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

Zoning CC3

Rooms

Family Room No

Basement Partial Basement

Kitchen 4

Interior

Interior Features None

Cooling None

Fireplaces Number 3

Fireplaces Type Natural Gas, Freestanding, Fireplace Insert

Inclusions One Gas Hot Water Heater. 4 Stoves, 4 Refrigerators, 3 Washers, 3 Dryers.

Exterior

Exterior Feature Landscaped, Year Round Living

Parking Features Lane

Garage Spaces 2.0

Pool None

Roof Type Membrane,Flat

Lot Frontage 66.0

Lot Depth 132.0

Total Parking Spaces 6

Building

Foundation Unknown, Stone

Others

Senior Community Yes

Listed by Wilfred McIntee & Co Limited

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Stephan Gauthier

Team Lead / Broker

+1(613) 697-7771