517 Wales Drive
Saugeen Shores, Saugeen Shores, N0H 2C1
FOR SALE
$734,900
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3 + 2
BEDROOMS 2
BATHROOMS 1 + 1
KITCHENS 7 + 4
ROOMS X13716408
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Property Description
WOWWWWW! 3-UNIT POTENTIAL WITH TOWN APPROVAL! 517 Wales Drive is a rare multifamily/investment opportunity featuring 2 fully self-contained units PLUS an Additional Residential Unit (ARU) approved by the Town of Saugeen Shores! Unlock the potential for a third income-producing unit without changing your current living situation.The upper unit offers 3 bedrooms, a full bathroom and laundry, while the lower unit features 2 bedrooms, a full bathroom and separate laundry. Live in one, rent the other, rent both, or take advantage of the approved third-unit opportunity for even more income potential.Fully renovated in 2025, the property offers modern finishes, brand-new appliances, 2 gas fireplaces capable of heating the entire home, newer windows and a roof replaced around 2018.Income potential is proven, having successfully operated as an Airbnb in 2022 and 2023, with summer income historically enough to cover the mortgage for the year.Outside features include parking for up to 5 vehicles, a huge fenced backyard and new storage shed. Walk to the beach via scenic trails and enjoy being minutes from downtown and the shoreline. 2 UNITS TODAY. 3RD UNIT APPROVED. MORE INCOME POTENTIAL. NO NEED TO CHANGE YOUR EXISTING LIVING ARRANGEMENT to ACCOMMODATE THE ADDED INCOME IN THE ADDITIONAL GARDEN SUITE APPROVAL! WOWWWWW!
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Property Features
Beach, Fenced Yard, Hospital, Place Of Worship, School Bus Route, School, Guest Accommodations, Private Double, Carbon Monoxide Detectors, Smoke Detector, Security System, Family Room, Living Room, Natural Gas
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Property Details
Address
517 Wales Drive
Community
City
Postal Code
N0H 2C1
Property Type
Duplex, Duplex
Lot Size
60' x 109'
Taxes
$3,417 (2025
Basement
Apartment, Finished with Walk-Out
Exterior
Controlled Entry, Year Round Living, Privacy, Recreational Area, Built-In-BBQ
Heat Type
Heat Pump
Heat Source
Electric
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Wilfred Mcintee & Co Limited
Welcome to 341 Palmerston St. - This charming raised bungalow is nestled in a private neighbourhood, this property presents a unique opportunity for homeowners seeking rental income, or families looking for a multigenerational living arrangement. With four spacious bedrooms and over 2200 square feet of living space, this home blends modern design with practicality. Upon entering, you are welcomed by a bright and inviting atmosphere. The main floor features an open-concept living area that is perfect for entertaining or enjoying a quiet evening at home. The kitchen is well-appointed with ample storage, while the two adjacent bedrooms provide comfort and tranquility. The lower level boasts a seamless flow from the living area to the second kitchen complete with all the essentials for cooking and entertaining. Two more bedrooms offer privacy and relaxation, making this unit highly attractive for a growing or extended family. This is a Legal Duplex so whether you choose to occupy the entire property, or take advantage of its rental income potential, financial flexibility is at your fingertips. Offset your mortgage with rental revenue or utilize the entire living space. Recent renovations provide added peace of mind, including a fully renovated basement, exterior waterproofing completed in 2021, updated electrical in 2021, and a basement 3 pc washroom and laundry. Don't miss this incredible opportunity to own this spacious home in a highly sought-after area. Schedule a viewing today!
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Welcome home to this charming Victorian two-storey yellow brick residence nestled in the heart of Southampton. Perfectly positioned in a core location, this versatile property is currently configured as an upstairs/downstairs duplex, offering an ideal setup for investors or buyers seeking a mortgage helper while occupying one of the units. Efficient gas forced-air heat keeps the home cozy year-round. Set on an expansive 90' x 100' lot, the property features a generous yard with ample space for potential expansion or the addition of an Accessory Residential Unit (ARU). Experience the best of coastal town living with downtown Southampton, local shops, beautiful sandy beaches, and G.C. Huston Public School all within a short, convenient walk. Combining classic architectural character with flexible income potential, or in-law suite, this unique property is a rare find in a prime neighborhood.
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