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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

4 Beds

4 Baths

Save Virtual Tour

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Saugeen Shores

MLS Listing ID X14082762

Style 1 1/2 Storey

Bedrooms 4

Annual Tax Amount $3,659

Tax Year 2026

Property Sub-Type Other

Property Description

Discover a rare opportunity to own a versatile income-producing property in a highly desirable central location in Port Elgin. Situated on a generous double lot measuring 132 ft x 132 ft, this unique property features a charming yellow brick duplex with a 2-bedroom upper unit and a one-bedroom main-level unit, plus two additional one-bedroom winterized cabins. Ample parking for all units. Offered turnkey with established rental income. Ideally located within walking distance to the main beach and just one street back from the main strip, this property offers convenient access to local restaurants, pubs, shopping, and other amenities. The prominent corner lot and substantial land size add to its appeal, presenting an exciting opportunity for investors looking to maximize rental income while exploring future redevelopment possibilities. With its combination of existing cash flow, desirable location, and generous lot size, this property offers excellent potential for a variety of investment strategies. Explore the possibilities for multi-unit residential development and townhouses, and relocate the cottages to another site, as they are suitable for additional rental units. There is the potential of up to 24 units, subject to municipal zoning, applicable regulations, and approvals. Whether you're looking to expand your rental portfolio, invest in a sought-after beachside community, or secure a property with long-term development potential, this is an opportunity you won't want to miss!

Location

Province ON

County Bruce

Area Bruce

Zoning R2

Rooms

Family Room No

Basement Unfinished

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Guest Accommodations, In-Law Suite, Water Heater

Cooling Window Unit(s)

Inclusions Appliances: 4 fridges, 4 stoves, (1 washer, 1 dryer in unit 2), 2 hot water tanks

Exterior

Exterior Feature Year Round Living

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 132.0

Lot Depth 132.0

Total Parking Spaces 9

Building

Building Age 100+

Foundation Unknown

Others

Senior Community No

ParcelsYN No

Virtual Tour https://youtu.be/s5kG4mHzHxUhttps://www.dropbox.com/scl/fi/ahk5lvjjyx92zbbcvjryy/3_Rentals_branded.mp4?rlkey=mpgcjtndsukjfm3izhprpn1pk&dl=0

Listed by RE/MAX Land Exchange Ltd.

Schools and Properties Nearby

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info@tonyledi.com

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558 Green ST Saugeen Shores, ON N0H 2C1