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    For Sale - 558 Green Street, Saugeen Shores, Ontario

    Est payment $5,522/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Versatile income-producing property with established rental income.
    • Charming duplex with two rental units and additional winterized cabins.
    • Generous double lot size offers space for future redevelopment.
    • Conveniently located near the beach, restaurants, and shopping.
    • Great potential for various investment strategies, including multi-unit development.




    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!
    Listing IDX14082762
    Address558 Green Street
    CitySaugeen Shores, Ontario
    Price$1,150,000
    Bed / Bath5 / 4 Full
    Style1 1/2 Storey, Other
    ConstructionBrick, Vinyl Siding
    TypeResidential
    StatusFor Sale

    Subtype OtherIndoor Features Guest Accommodations, In-Law Suite, Water HeaterOutdoor Features Year Round LivingAmenities Beach, Hospital, Marina, Rec./Commun.Centre, School, LibraryOwnership FreeholdBasement UnfinishedFoundation UnknownHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 9.00
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    Listing Brokerage: RE/MAX Land Exchange Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
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    558 Green Street
    Saugeen Shores , Ontario
    5 4 $1,150,000
    Get more info