Discover an exceptional investment opportunity in the vibrant heart of Port Elgin. This rare duplex features two well-appointed two-bedroom units and a unique back addition currently operating as a hair salon. The back unit presents the potential to expand into the lower apartment, offering flexible space for a business or an additional rental income stream.This property is zoned for both residential and commercial use, spanning a generous 1,500 square feet. Each unit is equipped with separate hydro meters, supporting a consistent rental income from both weekly and monthly tenants. The duplex can also be transformed into a magnificent single-family residence, allowing you to create a personalized dream home.Recent updates to the roof, A.C., and furnace with a HEPA filter within the last five to seven years provide peace of mind and reduce maintenance concerns. Situated on a picturesque corner lot, the property is enveloped by lush, beautiful gardens. The back area offers space for a legal unit that can be built to rent or live in, with an opportunity for future severance by adding two services and can be sold separately down the road. Do not miss your chance to explore this incredible property before it's gone. Your dream investment awaits. (id:4069)
Address
684 GUSTAVUS STREET
List Price
$850,000
Property Type
Single Family
Type of Dwelling
House
Area
Ontario
Sub-Area
Saugeen Shores
Bedrooms
4
Bathrooms
2
Floor Area
1,100 Sq. Ft.
Lot Size
66.9 x 132 FT Ac.
MLS® Number
X11963421
Listing Brokerage
EXP REALTY
Basement Area
Crawl space (Unfinished)
Postal Code
N0H2C0
Zoning
R2
Site Influences
Hospital, Marina
Features
Lane, Carpet Free, Guest Suite, In-Law Suite
Amenities
Separate Electricity Meters, Separate Heating Controls
