$1,150,000
Last price change Jun 25
623/625 ELGIN Street, Saugeen Shores, ON N0H 2C0
Property Description
Property type
Fourplex
Lot size
N/A
Style
2-Storey
Approx. Area
3500-5000 Sqft
About 623/625 ELGIN Street
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!
Home Overview
Last updated
Jun 25
Virtual tour
None
Basement information
Partial Basement
Building size
--
Status
In-Active
Property sub type
Fourplex
Maintenance fee
$N/A
Year built
2025
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - ELGIN Street

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