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$ 1,150,000
Est. payment | /mo
4 Beds
4 Baths
$ 1,150,000
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Saugeen Shores
MLS Listing ID X14082762
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $3,659
Tax Year 2026
Property Sub-Type Other
Property Description
Discover a rare opportunity to own a versatile income-producing property in a highly desirable central location in Port Elgin. Situated on a generous double lot measuring 132 ft x 132 ft, this unique property features a charming yellow brick duplex with a 2-bedroom upper unit and a one-bedroom main-level unit, plus two additional one-bedroom winterized cabins. Ample parking for all units. Offered turnkey with established rental income. Ideally located within walking distance to the main beach and just one street back from the main strip, this property offers convenient access to local restaurants, pubs, shopping, and other amenities. The prominent corner lot and substantial land size add to its appeal, presenting an exciting opportunity for investors looking to maximize rental income while exploring future redevelopment possibilities. With its combination of existing cash flow, desirable location, and generous lot size, this property offers excellent potential for a variety of investment strategies. Explore the possibilities for multi-unit residential development and townhouses, and relocate the cottages to another site, as they are suitable for additional rental units. There is the potential of up to 24 units, subject to municipal zoning, applicable regulations, and approvals. Whether you're looking to expand your rental portfolio, invest in a sought-after beachside community, or secure a property with long-term development potential, this is an opportunity you won't want to miss!
Location
Province ON
County Bruce
Area Bruce
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Guest Accommodations, In-Law Suite, Water Heater
Cooling Window Unit(s)
Heat Source Electric
Exterior
Exterior Feature Year Round Living
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 132.0
Lot Depth 132.0
Total Parking Spaces 9
Building
Building Age 100+
Unit Features Beach,Hospital,Marina,Rec./Commun.Centre,School,Library
Foundation Unknown
Listed by RE/MAX Land Exchange Ltd.