558 Green Street,Saugeen Shores, ON N0H2C1
Saugeen Shores, ON N0H2C1
Description
Discover a rare opportunity to own a versatile income-producing property in a highly desirable central location in Port Elgin. Situated on a generous double lot measuring 132 ft x 132 ft, this unique property features a charming yellow brick duplex with a 2-bedroom upper unit and a one-bedroom main-level unit, plus two additional one-bedroom winterized cabins. Ample parking for all units. Offered turnkey with established rental income. Ideally located within walking distance to the main beach and just one street back from the main strip, this property offers convenient access to local restaurants, pubs, shopping, and other amenities. The prominent corner lot and substantial land size add to its appeal, presenting an exciting opportunity for investors looking to maximize rental income while exploring future redevelopment possibilities. With its combination of existing cash flow, desirable location, and generous lot size, this property offers excellent potential for a variety of investment strategies. Explore the possibilities for multi-unit residential development and townhouses, and relocate the cottages to another site, as they are suitable for additional rental units. There is the potential of up to 24 units, subject to municipal zoning, applicable regulations, and approvals. Whether you're looking to expand your rental portfolio, invest in a sought-after beachside community, or secure a property with long-term development potential, this is an opportunity you won't want to miss! (id:374)
Details
| MLS # | X14082762 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 20 |
| Listing Provided By | RE/MAX Land Exchange Ltd. | DANIELLE SPRY |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,100 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R2 |
Interior
| Cooling | Window air conditioner |
|---|---|
| Heating | Baseboard heaters, Forced air, Electric, Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Guest Suite, In-Law Suite |
|---|---|
| Foundation Details | Unknown |
Parking
| Parking Features | Attached Garage, No Garage |
|---|---|
| Parking Total | 9 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3659.75 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Saugeen Shores |
| Postal Code | N0H2C1 |
| Listing VS Median (in N0H2C1) | |
Price: $1,150,000 low | high Med: $669,900 sqft: 1,100 low | high Med: 1,100 $ / sqft: $1,045 low | high Med: $609 On site: 20 low | high Med: 503 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Saugeen Shores |
| Postal Code | N0H2C1 |
| Listing VS Median (in N0H2C1) | |
Price: $1,150,000 low | high Med: $669,900 sqft: 1,100 low | high Med: 1,100 $ / sqft: $1,045 low | high Med: $609 On site: 20 low | high Med: 503 | |