623/625 Elgin Street Saugeen Shores, Ontario N0H 2C0

$1,100,000

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:42776)

Property Details

MLS® Number	X12182315
Property Type	Multi-family
Community Name	Saugeen Shores
Equipment Type	Water Heater
Features	Lane, Level
Parking Space Total	6
Rental Equipment Type	Water Heater
Structure	Shed

Building

Bathroom Total	4
Bedrooms Above Ground	8
Bedrooms Total	8
Age	100+ Years
Amenities	Fireplace(s)
Appliances	Dryer, Stove, Water Heater, Washer, Refrigerator
Basement Type	Partial
Cooling Type	None
Exterior Finish	Brick
Fireplace Present	Yes
Fireplace Total	3
Fireplace Type	Free Standing Metal,insert
Foundation Type	Unknown, Stone
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	3,500 - 5,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Landscape Features	Landscaped
Sewer	Sanitary Sewer
Size Depth	132 Ft
Size Frontage	66 Ft
Size Irregular	66 X 132 Ft
Size Total Text	66 X 132 Ft
Zoning Description	Cc3

https://www.realtor.ca/real-estate/28386642/623625-elgin-street-saugeen-shores-saugeen-shores