$ 1,100,000
-
$1,100,000
Price -
8
Bed -
4
Bath -
3,500
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 565805 -
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!
Listing Highlights for 623 /625 Elgin St
Status
Active
Days on Site
104
Property Type
Multi-Family
MLS ®
X12182315
Year Built
Total Square Footage
3,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: Natural Gas,Freestanding,Fireplace Insert
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial Basement
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Membrane,Flat
- Others: Landscaped,Year Round Living
- Sewer: Sewer
- Parking Features: Lane,Detached
Financial Details
- Tax Amount: $2,953
- Taxes w/Assessments: N/A
- Tax/Property ID: 332480904
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
623 /625 Elgin St Saugeen Shores, ON N0H 2C0
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of
