8 Bedroom
4 Bathroom
3,500 - 5,000 ft2
Fireplace
Radiant Heat
Landscaped
$1,100,000
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! (id:47108)
Property Details
MLS® Number |
X12182315 |
Property Type |
Multi-family |
Community Name |
Saugeen Shores |
Equipment Type |
Water Heater |
Features |
Lane, Level |
Parking Space Total |
6 |
Rental Equipment Type |
Water Heater |
Structure |
Shed |
Building
Bathroom Total |
4 |
Bedrooms Above Ground |
8 |
Bedrooms Total |
8 |
Age |
100+ Years |
Amenities |
Fireplace(s) |
Appliances |
Dryer, Stove, Water Heater, Washer, Refrigerator |
Basement Type |
Partial |
Exterior Finish |
Brick |
Fireplace Present |
Yes |
Fireplace Total |
3 |
Fireplace Type |
Free Standing Metal,insert |
Foundation Type |
Unknown, Stone |
Heating Fuel |
Natural Gas |
Heating Type |
Radiant Heat |
Stories Total |
2 |
Size Interior |
3,500 - 5,000 Ft2 |
Type |
Fourplex |
Utility Water |
Municipal Water |
Parking
Land
Acreage |
No |
Landscape Features |
Landscaped |
Sewer |
Sanitary Sewer |
Size Depth |
132 Ft |
Size Frontage |
66 Ft |
Size Irregular |
66 X 132 Ft |
Size Total Text |
66 X 132 Ft |
Zoning Description |
Cc3 |
https://www.realtor.ca/real-estate/28386642/623625-elgin-street-saugeen-shores-saugeen-shores