623/625 ELGIN STREET

Saugeen Shores, , N0H2C0, Canada

$1,150,000

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!

EXTRAS: Washer, Refrigerator, Stove, Dryer, Water Heater

Last updated on : Wednesday 25th of June 2025 03:10:31 PM

ADDRESS

Street : 623/625 ELGIN STREET

City : Saugeen Shores

Country : Canada

Postal Code : N0H2C0

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PROPERTY SUMMARY

Property ID : X12182315

Building Type : Fourplex

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 4

Parking : 6

Parking Type: Detached Garage, Garage

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