$660,000
$679,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3,317 SqFt
SOLD DATE : 01/31/2024
Key Details
Sold Price $660,000
Property Type Commercial
Sub Type Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 3,317 sqft
Price per Sqft $198
MLS Listing ID 40427053
Sold Date 01/31/24
Bedrooms 6
Abv Grd Liv Area 3,317
Originating Board Grey Bruce Owen Sound
Year Built 1900
Annual Tax Amount $3,654
Property Description
Introducing an exceptional investment opportunity in the heart of Port Elgin - a unique 3-unit rental property with Commercial Core zoning. This solid 2-storey brick home is situated on a spacious 66' x 132' corner lot, offering ample parking and a prime location just a short walk from downtown shopping. Meticulously maintained over the years, this property ensures that everything is in top shape for the new owner. With economical gas hot water heating, carrying costs remain under control. The true beauty of this property lies in its versatility - live in one unit while allowing the rent from the other two units to help cover the mortgage. This allows you to enjoy the benefits of homeownership without straining your finances. But there's more! In addition to its outstanding residential rental potential, this property holds a Core Commercial zoning designation. This means it is suitable for various home office or small business uses. Imagine the possibilities of running your own business while further supplementing your income. Whether you're an experienced investor looking to expand your portfolio or a homeowner seeking a smart way to offset mortgage payments, this property offers everything you need to succeed. Don't miss out on this incredible opportunity to invest in Saugeen Shores. Act now and discover firsthand if this is the investment opportunity you've been waiting for. Seize the chance to invest in the thriving community of Port Elgin.
Location
Province ON
County Bruce
Area 4 - Saugeen Shores
Zoning CC - Core Commercial
Direction Located on the NW corner of Mill St. & Bricker St. across from the post office.
Rooms
Basement Partial, Partially Finished
Kitchen 0
Interior
Interior Features Accessory Apartment, Water Meter
Heating Gas Hot Water
Cooling None
Fireplace No
Appliance Water Heater, Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite, Multiple Locations
Exterior
Exterior Feature Private Entrance
Garage Concrete
Utilities Available Cable Available, Cell Service, Electricity Connected, Fibre Optics, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
Waterfront No
View Y/N true
View Downtown, Valley
Street Surface Paved
Lot Frontage 66.0
Lot Depth 132.0
Garage No
Building
Lot Description Urban, Rectangular, Ample Parking, Beach, Corner Lot, City Lot, Near Golf Course, Landscaped, Library, Marina, Place of Worship, Schools, Shopping Nearby
Faces Located on the NW corner of Mill St. & Bricker St. across from the post office.
Story 2
Foundation Poured Concrete, Stone
Sewer Sanitary
Water Municipal-Metered
Level or Stories 2
Structure Type Aluminum Siding,Stucco
New Construction No
Others
Senior Community false
Tax ID 332480866
Ownership Freehold/None
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