631 Mill Street Port Elgin, Ontario N0H 2C0
$699,000
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. (id:21191)
Property Details
| MLS® Number | 40427053 |
| Property Type | Other |
| Amenities Near By | Beach, Golf Nearby, Marina, Place Of Worship, Schools, Shopping |
| Communication Type | Fiber |
| Equipment Type | Water Heater |
| Features | Southern Exposure, Corner Site, Golf Course/parkland, Beach |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Water Meter |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Constructed Date | 1900 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick, Stucco |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Exterior | 3317.0000 |
| Utility Water | Municipal Water |
Parking
| Carport |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Beach, Golf Nearby, Marina, Place Of Worship, Schools, Shopping |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 66 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Cc - Core Commercial |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25636751/631-mill-street-port-elgin
200 High St
Southampton, Ontario N0H 2L0
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September 22 2023 10:12:54
REALTORS® Association of Grey Bruce Owen Sound
Royal LePage D C Johnston Realty Brokerage