623/625 ELGIN Street, Saugeen Shores, ON Image 1

$1,150,000

$1,200,000
4.2% dropped

Last price change Jun 25

Fourplex For Sale
MLS - #X12182315
Jun 25- By Wilfred McIntee & Co Limited

623/625 ELGIN Street, Saugeen Shores, ON N0H 2C0

8 Bed
4 Bath
3500-5000 Sqft.
Detached Garage

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

Basement:Partial Basement
Cooling:None
Heating:Radiant
Parking Features:Lane
0
Similar Homes Found
$0
Average Price
115000000.0%
Higher than average

Price Comparison

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Walk Score for 623/625 ELGIN Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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