517 WALES DRIVE, Port Elgin, Ontario N0H 2C1
$734,900.00
- 5 bedrooms
- 2 bathrooms
WOWWWWW! 3-UNIT POTENTIAL WITH TOWN APPROVAL! 517 Wales Drive is a rare multifamily/investment opportunity featuring 2 fully self-contained units PLUS an Additional Residential Unit (ARU) approved by the Town of Saugeen Shores! Unlock the potential for a third income-producing unit without changing your current living situation.The upper unit offers 3 bedrooms, a full bathroom and laundry, while the lower unit features 2 bedrooms, a full bathroom and separate laundry. Live in one, rent the other, rent both, or take advantage of the approved third-unit opportunity for even more income potential.Fully renovated in 2025, the property offers modern ... read more
WOWWWWW! 3-UNIT POTENTIAL WITH TOWN APPROVAL! 517 Wales Drive is a rare multifamily/investment opportunity featuring 2 fully self-contained units PLUS an Additional Residential Unit (ARU) approved by the Town of Saugeen Shores! Unlock the potential for a third income-producing unit without changing your current living situation.The upper unit offers 3 bedrooms, a full bathroom and laundry, while the lower unit features 2 bedrooms, a full bathroom and separate laundry. Live in one, rent the other, rent both, or take advantage of the approved third-unit opportunity for even more income potential.Fully renovated in 2025, the property offers modern finishes, brand-new appliances, 2 gas fireplaces capable of heating the entire home, newer windows and a roof replaced around 2018.Income potential is proven, having successfully operated as an Airbnb in 2022 and 2023, with summer income historically enough to cover the mortgage for the year.Outside features include parking for up to 5 vehicles, a huge fenced backyard and new storage shed. Walk to the beach via scenic trails and enjoy being minutes from downtown and the shoreline. 2 UNITS TODAY. 3RD UNIT APPROVED. MORE INCOME POTENTIAL. NO NEED TO CHANGE YOUR EXISTING LIVING ARRANGEMENT to ACCOMMODATE THE ADDED INCOME IN THE ADDITIONAL GARDEN SUITE APPROVAL! WOWWWWW! (id:25417)
- Listing ID: X13716408
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 60 by 109 FT Fenced Yard |
| Parking: | No Garage 5 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Duplex |
| Appliances: | Dishwasher, Furniture, Refrigerator, Stove and Barbeque |
| HVAC: | Fireplace, Heat Pump and Wall Unit Electric, Natural Gas |
| Exterior: | Brick and Aluminum Siding |
| Basement: | N/A, N/A (Finished) |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| Town: | Port Elgin |
| Province: | Ontario |
| Nearby Amenities: | Beach, Hospital, Place Of Worship, School Bus and Schools |
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