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Maria Tompson
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Maria Tompson
Sales Representative
Your Company Name , Brokerage
Independently owned and operated.
4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8 		416-548-7854 sales@bestforagents.com

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$1,100,000
Available - For Sale
Listing ID: X12182315
Exceptional investment opportunity with this meticulously maintained 4-plex income property in the heart of Port Elgin! This fully tenanted, all-brick building generates a steady gross income and is ideally located just one block from downtown, ensuring high demand and ease of rental. Situated on a beautifully landscaped 66ft x 132ft lot, the property features a charming wrought-iron fenced courtyard at the front, enhancing its curb appeal, and a fenced rear yard offering a shared outdoor space for tenants. Each of the four spacious apartments features 2 bedrooms and 1 bathroom, with three units equipped with convenient in-suite laundry. The building is efficiently heated with hot water radiant baseboards, complemented by cozy natural gas fireplaces in three units. While rents are currently all-inclusive, the presence of four separate hydro meters allows for a seamless transition to individual metering, offering potential for improved ROI in the future. Additional amenities include dedicated parking for each unit accessible via the rear lane, as well as a detached double garage with in-floor hot water heating and a 2-piece washroom. This versatile garage space is perfect for personal storage, a workshop, or even potential additional rental income. The property and grounds have been lovingly maintained, reflecting years of careful stewardship. This outstanding income property is a must-see for savvy investors seeking a reliable, turnkey opportunity in a prime location!
Price $1,100,000
Taxes: $2,952.86
Assessment Year: 2025
Occupancy by: Tenant
Address: 623/625 ELGIN Stre , Saugeen Shores, N0H 2C0, Bruce
Directions/Cross Streets: Elgin & Goderich
Rooms: 22
Bedrooms: 8
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Partial Base
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  3 Second
Washroom 3:  4 Main
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  3 Second
Washroom 8:  4 Main
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Second
Washroom 12:  3 Second
Washroom 13:  4 Main
Washroom 14:  0
Washroom 15:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Lane
Drive Parking Spaces: 6
Park #1
Parking Type: Lane
Park #2
Parking Type: Lane
Pool: None
Other Structures: Shed
Approximatly Age: 100+
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Wilfred McIntee & Co Limited

623/625 ELGIN Stre , Saugeen Shores, N0H 2C0, Bruce

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Maria Tompson
Sales Representative
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