684 GUSTAVUS STREET, Port Elgin, Ontario N0H 2C0
$850,000.00
- 4 bedrooms
- 2 bathrooms
Discover an exceptional investment opportunity in the vibrant heart of Port Elgin. This rare duplex features two well-appointed two-bedroom units and a unique back addition currently operating as a hair salon. The back unit presents the potential to expand into the lower apartment, offering flexible space for a business or an additional rental income stream.This property is zoned for both residential and commercial use, spanning a generous 1,500 square feet. Each unit is equipped with separate hydro meters, supporting a consistent rental income from both weekly and monthly tenants. The duplex can also be transformed into a magnificent single-family ... read more
Discover an exceptional investment opportunity in the vibrant heart of Port Elgin. This rare duplex features two well-appointed two-bedroom units and a unique back addition currently operating as a hair salon. The back unit presents the potential to expand into the lower apartment, offering flexible space for a business or an additional rental income stream.This property is zoned for both residential and commercial use, spanning a generous 1,500 square feet. Each unit is equipped with separate hydro meters, supporting a consistent rental income from both weekly and monthly tenants. The duplex can also be transformed into a magnificent single-family residence, allowing you to create a personalized dream home.Recent updates to the roof, A.C., and furnace with a HEPA filter within the last five to seven years provide peace of mind and reduce maintenance concerns. Situated on a picturesque corner lot, the property is enveloped by lush, beautiful gardens. The back area offers space for a legal unit that can be built to rent or live in, with an opportunity for future severance by adding two services and can be sold separately down the road. Do not miss your chance to explore this incredible property before it's gone. Your dream investment awaits. (id:25417)
- Listing ID: X11963421
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 66.9 by 132 FT |
| Parking: | 6 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Refrigerator, Stove, Washer and Dryer |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | Crawl Space (Unfinished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| Town: | Port Elgin |
| Province: | Ontario |
| Nearby Amenities: | Community Centre, Hospital and Marina |
| Rooms | Level | Dimensions |
|---|---|---|
| Living room | Main level | 5.08 m x 5.09 m |
| Kitchen | Main level | 2.87 m x 4.73 m |
| Primary Bedroom | Main level | 2.92 m x 3.83 m |
| Bedroom 2 | Main level | 3.35 m x 2.73 m |
| Bathroom | Main level | 1.7 m x 2.55 m |
| Sunroom | Main level | 4.95 m x 3.32 m |
| Bathroom | Upper Level | 2.97 m x 1.51 m |
| Other | Upper Level | 3.26 m x 3.1 m |
| Kitchen | Upper Level | 3.67 m x 4.08 m |
| Living room | Upper Level | 5.64 m x 4.18 m |
| Bedroom 3 | Upper Level | 3.07 m x 4.84 m |
| Bedroom 4 | Upper Level | 5.25 m x 1.83 m |
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