Come check out this amazing cottage income property! Situated just a few blocks from Port Elgin's main beach, this one of a kind property features a 1,100 sq. ft. bungalow, 6 rental cottages, a garage, shed, shower/recycle/garbage building. You could live in the bungalow and rent out the cottages or rent it all! Lots of improvements done over the years, most recently (2022) 5 out of 6 cottages each have a fresh coat of paint, an upgraded propane tank, and ductless heat/AC unit. Cottage #1 runs on electric heat only, no AC. Cottages #2-6 have a ductless heat and AC unit, as well as back-up electric & propane heating for when temperatures drop below -5C. The house has new flooring, new furnace (2021), new railing on the front porch (19x6), new back deck (27x15), new boundary fence. Furniture & appliances have been regularly upkept and upgraded as needed, including 2 new stoves and 3 new fridges. Roof Shingles replaced (2012). TONS of potential cash flow for a great investment. The house has four bedrooms, 2 baths, and a finished basement. Cottage #1 has two bedrooms, one bath, and has had year round tenants since the property was purchased by the current owner. Cottage #2 and #3 each have two bedrooms, a four piece bath, sleeps 5. Cottage #4 has two bedrooms and a three piece bath, sleeps 4. Cottage #5 has one bedroom and a four piece bath, sleeps 4 Cottage #6 has three bedrooms and a four piece bath, sleeps 5. Non insulated 1 car garage with built in shelving storage and cement floors. There is also a separate garden shed. Shower shed with garbage and recycling room attached. Potential to include a washer/ dryer room for your cottagers. Don't miss out on this amazing investment opportunity and everything that beautiful Saugeen Shores has to offer! (id:49218)
| MLS® Number | 40356075 |
| Property Type | Single Family |
| Amenities Near By | Beach, Park, Playground, Schools, Shopping |
| Community Features | Quiet Area, Community Centre |
| Equipment Type | Propane Tank |
| Features | Park/reserve, Beach |
| Rental Equipment Type | Propane Tank |
| Structure | Shed, Porch |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 4 |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Satellite Dish, Stove, Washer, Range - Gas, Microwave Built-in, Window Coverings |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1965 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Natural Gas, Propane |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1100 |
| Type | House |
| Utility Water | Municipal Water |
| Detached Garage |
| Access Type | Water Access, Road Access |
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Beach, Park, Playground, Schools, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Depth | 129 Ft |
| Size Frontage | 133 Ft |
| Size Irregular | 0.396 |
| Size Total | 0.396 Ac|under 1/2 Acre |
| Size Total Text | 0.396 Ac|under 1/2 Acre |
| Zoning Description | R1a |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom | 11'9'' x 9'4'' | ||
| Lower Level | Bedroom | 16'2'' x 10'3'' | ||
| Lower Level | 3pc Bathroom | 9'8'' x 7'0'' | ||
| Lower Level | Recreation Room | 24'11'' x 15'11'' | ||
| Main Level | 4pc Bathroom | 9'10'' x 7'7'' | ||
| Main Level | Bedroom | 9'9'' x 9'8'' | ||
| Main Level | Primary Bedroom | 16'9'' x 11'5'' | ||
| Main Level | Kitchen | 12'6'' x 11'8'' | ||
| Main Level | Dining Room | 9'6'' x 9'3'' | ||
| Main Level | Living Room | 19'10'' x 15'8'' |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25193321/316-mill-street-port-elgin
Contact us for more information
Logan Lamont
Broker
(519) 881-2551
(519) 881-1894
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
