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Saugeen Shores,ON N0H 2C0
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Saugeen Shores
MLS Listing ID X12182315
Style 2-Storey
Bedrooms 8
Building Age 100+
Annual Tax Amount $2,952
Tax Year 2024
Property Sub-Type Fourplex
Property Description
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!
Location
Province ON
County Bruce
Community Saugeen Shores
Area Bruce
Zoning CC3
Rooms
Family Room No
Basement Partial Basement
Kitchen 4
Interior
Interior Features None
Cooling None
Fireplaces Number 3
Fireplaces Type Natural Gas,Freestanding,Fireplace Insert
Inclusions One Gas Hot Water Heater. 4 Stoves, 4 Refrigerators, 3 Washers, 3 Dryers.
Exterior
Exterior Feature Landscaped,Year Round Living
Parking Features Lane
Garage Spaces 2.0
Pool None
Roof Type Membrane,Flat
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 6
Building
Foundation Unknown,Stone
Others
Senior Community Yes