$449,900

For sale

177 Elgin Street, Saugeen Shores - Single Family for Sale

177 Elgin Street, Saugeen Shores, Ontario, N0H2C0

3 beds1 bath2 parking900 ft²33 × 66 ft (2,178 sq ft) lot sizeListed 83 days ago

Overview

This 3-bedroom, 1-bathroom home in Saugeen Shores is for sale offering roughly 900 sq ft of space. It has been on the market 83 days, fresher than the Saugeen Shores average of 171 days.

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Description

Opportunity meets location at 177 Elgin Street in Port Elgin. This 3-bedroom, 1-bathroom cottage has been a successful rental property for a number of years, attracting many repeat cottagers who return year after year to enjoy its unbeatable location just steps from the harbour and Main Beach. For investors, this property offers the potential to continue an established rental history in one of Port Elgin's most desirable areas, with strong appeal across the seasons. The 4-season layout and gas fireplace help extend its use beyond the summer months, while recent updates add value and peace of mind, including newer windows (2017), gas fireplace (2012), roof (2023), and a 200-amp breaker panel. Whether you choose to continue operating it as a sought-after rental cottage, enjoy it personally while generating supplemental income, or hold it as an investment in a prime Port Elgin location, the possibilities are endless. With the beach, harbour, and downtown amenities all within walking distance, this is an opportunity to invest in a property with a proven rental track record and a location that keeps guests coming back. (id:66096)

Property Details

MLS®: X13680288
Property Type: Single Family
Zoning: R1-3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 33 × 66 ft (2,178 sq ft)
Frontage: 33 ft
Storeys: 1
Basement: None
Heating: Electric, Natural gas, Coil Fan
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Bedroom: 3.89 x 2.82 meters
Bathroom: 1.22 x 1.92 meters
Living room: 4.37 x 5.18 meters
Kitchen: 2.72 x 3.35 meters
Dining room: 2.72 x 1.8 meters
Sunroom: 7.11 x 2.01 meters

Second level

Bedroom: 3.35 x 4.14 meters
Bedroom: 2.72 x 4.88 meters
Sitting room: 2.82 x 2.44 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Dishwasher, Stove, Window Coverings, Water Heater
Foundation: Block
Exterior: Wood

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

83d

Saugeen Shores listings, avg age

171d

Price / ft²

$500

List price

$450K

Haho

This 3-bed single family in Saugeen Shores has been listed for 83 days, which is 88 days fresher than the city average of 171. Act while there is still low competition.

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Listed by eXp Realty · JULIA MORGAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $449,900, about 5.2× the local median household income of $86,000.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 2% above the area median.

Median household income: $86,000
Population: 53,674
Median age: 52.8
Owner / renter: 86% / 14%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N0H)

$449,900· $500/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Property tax (est.)$246/mo

Total monthly$2,616

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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