684 Gustavus Street
Saugeen Shores, N0H 2C0
FOR SALE
$850,000

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Commercial Retail
CATEGORY2,000 Sq Ft
TOTAL AREAX11966617
MLSIDContact Us
Property Description
Discover an exceptional investment opportunity in the vibrant heart of Port Elgin. This rare duplex, multi family, generational home 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.
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Property Details
Address
684 Gustavus Street
Community
City
Postal Code
N0H 2C0
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
R2
Lot Size
67' x 124'
Total Area
2,000 Sq Ft
Retail Area
16.4 Sq Ft
Acreage
0.2 Feet
Taxes
$3,076 (2024
Basement
[]
Exterior
[]
Heat Type
Gas Forced Air Closed
Water
Municipal
Pool
[]
Garage Type
None
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Listing contracted with Exp Realty
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