517 Wales Drive Saugeen Shores, Ontario N0H 2C1

$765,000

517 Wales Drive is the perfect 3+2 bedroom multifamily or investment home. Showcasing this rare opportunity, this fully renovated property offers two completely self-contained living spaces, each with its own laundry, providing the ideal setup for income potential or multigenerational living. An Additional Residential Unit (ARU) application was submitted and approved by the Town of Saugeen Shores, giving buyers peace of mind and flexibility for future use. Live in the spacious upper level while renting out the lower suite to offset your mortgage or rent both and benefit from positive cash flow at the asking price. The upper level features three bedrooms and a full washroom, while the lower level includes two bedrooms and a full washroom, making the layout perfect for guests, tenants, or extended family. A 2025 renovation brought modern finishes, brand-new appliances, and upgraded systems, including four new heat pumps three in the lower unit and one in the upper plus two gas fireplaces capable of heating the entire home. With newer windows, a roof replaced around 2018, and everything move-in ready, this home is solid, stylish, and ready to perform.This property has also proven itself as a strong income earner, having successfully operated as an Airbnb for the 2022 and 2023 years. The rental potential is outstanding, with summer income alone enough to cover the mortgage for the entire year, while long-term rentals provide stable returns. Outside, you will find parking for up to five vehicles, a huge fenced backyard perfect for families and pets, and a brand-new storage shed for added convenience. Located in a quiet, family-friendly neighbourhood, you are just a short walk through scenic trails to the beach and only minutes to downtown and the shoreline. With five bedrooms, two washrooms, and ARU approval already in place, 517 Wales Drive is a rare chance to secure both a home and an investment live in one, lease the other, and let this opportunity work for you. (id:42776)

Property Details

MLS® Number	X12392311
Property Type	Multi-family
Community Name	Saugeen Shores
Amenities Near By	Beach, Hospital, Place Of Worship, Schools
Community Features	School Bus
Equipment Type	Water Heater
Features	Open Space, Level, Guest Suite
Parking Space Total	5
Rental Equipment Type	Water Heater
Structure	Shed

Building

Bathroom Total	2
Bedrooms Above Ground	3
Bedrooms Below Ground	2
Bedrooms Total	5
Age	31 To 50 Years
Amenities	Fireplace(s)
Appliances	Barbeque, Dishwasher, Furniture, Stove, Refrigerator
Basement Development	Finished
Basement Features	Apartment In Basement, Walk Out
Basement Type	N/a (finished)
Construction Style Split Level	Backsplit
Cooling Type	Wall Unit
Exterior Finish	Brick, Aluminum Siding
Fire Protection	Controlled Entry, Smoke Detectors, Security System
Fireplace Present	Yes
Fireplace Total	2
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Heat Pump
Size Interior	700 - 1,100 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Fence Type	Fenced Yard
Land Amenities	Beach, Hospital, Place Of Worship, Schools
Sewer	Sanitary Sewer
Size Depth	109 Ft
Size Frontage	60 Ft
Size Irregular	60 X 109 Ft
Size Total Text	60 X 109 Ft

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/28837901/517-wales-drive-saugeen-shores-saugeen-shores