614 River Street, Saugeen Shores, ON N0H 2C4

$640,000
5
BD
2
BA
700
SqFt

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List Price
$640,000
MLS#
X14081832
Status
ACTIVE
Type
Single Family Residential
SubType
Detached
Style
Bungalow
Bedrooms
5
Bathrooms
2
Living Area
700-1100
Province
ON
Municipality
Saugeen Shores
Area
Bruce
Neighborhood
Saugeen Shores
Subdivision
Goderich Street And River Street

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.

Additional Information

Taxes
$3,599
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Kitchens
2
Exterior
Brick, Vinyl Siding
Garage Type
None
Pool
None
Parking Spaces
6
Parking Type
Private Double

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Land Exchange Ltd..