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623/625 ELGIN STREET Saugeen Shores

623/625 ELGIN STREET, Saugeen Shores

$1,200,000

  • 8
  • 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:45839)
  • Listing ID: X12182315
  • Property Type: Multi-family
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Details

  • Features: Lane, Level
  • Parking Spaces: 6
  • Structure: Shed
  • Transaction: For sale
  • Zoning Description: CC3

Building

  • Amenities: Fireplace(s)
  • Appliances: Dryer, Stove, Water Heater, Washer, Refrigerator
  • BasementType: Partial
  • Bedrooms Main Level: 8
  • Exterior Finish: Brick
  • Fireplace Present: True
  • Fireplace Total: 3
  • Fireplace Type: Free Standing Metal,Insert
  • Foundation: Unknown, Stone
  • Bathrooms (Total): 4
  • Heating: Radiant heat
  • Heating Fuel: Natural gas
  • Size Interior: 3500 - 5000 sqft
  • Stories Total: 2
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Landscape Features: Landscaped
  • Sewer: Sanitary sewer
  • Size Depth: 132 ft
  • Size Frontage: 66 ft
  • Size Irregular: 66 x 132 FT

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    This property for sale is located at 623/625 ELGIN STREET in Saugeen Shores. It was last modified on May 29th, 2025. Contact Christine Smith to schedule a viewing or to discover other Saugeen Shores properties for sale.

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