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Christian Prost

christian.prost@engelvoelkers.com +1(705) 970-5361

$ 1,200,000

Est. payment -/mo

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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

Christian Prost

License ID: 5049525

+1(705) 970-5361

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