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$ 640,000
Est. payment | /mo
5 Beds
2 Baths
$ 640,000
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700 - 1100
Subdivision Saugeen Shores
MLS® Listing ID X14081832
Style Bungalow
Bedrooms 5
Property Sub-Type Freehold
Property Description
Investment opportunity in the heart of Port Elgin! Situated in a prime location at a prominent corner along Port Elgin's main commercial corridor, this brick bungalow offers an excellent opportunity for investors, developers, or those looking for a versatile income property. Currently configured as a duplex with private entrances and ample parking. The home features a spacious three-bedroom main level unit with a kitchen, combined living and dining area, four-piece bathroom, and shared laundry room. The lower level offers a two-bedroom unit complete with its own kitchen, bathroom, and shared laundry room. The property also features a concrete driveway with ample parking, a covered front porch, and a rear patio. The generous-sized lot backs onto a town lane, convenient for accessing the backyard. Adding to its appeal, the neighbouring property MLS#X14081552 is also being offered for sale, presenting an opportunity to acquire two adjoining properties in a highly visible, central location. With commercial zoning identified for the properties, the combined parcels may offer possibilities for future residential intensification, multi-unit development, or commercial uses, subject to municipal zoning requirements and approvals. Whether you're looking to expand your investment portfolio, explore redevelopment opportunities, or secure property in a desirable central location, this is an opportunity worth considering. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Fireplaces Number 2
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage No
Private Pool No
Building
Lot Description Landscaped
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold
Virtual Tour https://youtu.be/-BI2vvqVwvE
Listed by RE/MAX Land Exchange Ltd.