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$ 734,900
Est. payment | /mo
5 Beds
2 Baths
700 SqFt
$ 734,900
Est. payment | /mo
5 Beds
2 Baths
700 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700 - 1100
Square Footage 700 sqft
Price per Sqft $1,049
Subdivision Saugeen Shores
MLS® Listing ID X13716408
Bedrooms 5
Property Description
WOWWWWW! 3-UNIT POTENTIAL WITH TOWN APPROVAL! 517 Wales Drive is a rare multifamily/investment opportunity featuring 2 fully self-contained units PLUS an Additional Residential Unit (ARU) approved by the Town of Saugeen Shores! Unlock the potential for a third income-producing unit without changing your current living situation.The upper unit offers 3 bedrooms, a full bathroom and laundry, while the lower unit features 2 bedrooms, a full bathroom and separate laundry. Live in one, rent the other, rent both, or take advantage of the approved third-unit opportunity for even more income potential.Fully renovated in 2025, the property offers modern finishes, brand-new appliances, 2 gas fireplaces capable of heating the entire home, newer windows and a roof replaced around 2018.Income potential is proven, having successfully operated as an Airbnb in 2022 and 2023, with summer income historically enough to cover the mortgage for the year.Outside features include parking for up to 5 vehicles, a huge fenced backyard and new storage shed. Walk to the beach via scenic trails and enjoy being minutes from downtown and the shoreline. 2 UNITS TODAY. 3RD UNIT APPROVED. MORE INCOME POTENTIAL. NO NEED TO CHANGE YOUR EXISTING LIVING ARRANGEMENT to ACCOMMODATE THE ADDED INCOME IN THE ADDITIONAL GARDEN SUITE APPROVAL! WOWWWWW! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Heat Pump, ,
Cooling Wall unit
Fireplaces Number 2
Exterior
Parking Features No
Fence Fenced yard
Community Features School Bus
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage No
Private Pool No
Building
Sewer Sanitary sewer
Listed by Wilfred McIntee & Co Limited
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