$679,000

For sale

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569 Eugenie Street, Saugeen Shores - Multi-family for Sale

569 Eugenie Street, Saugeen Shores, Ontario, N0H2C0

5 beds10 baths5 parking ft²

↓ $16K (2%) price drop

43 Albert Street North, Saugeen Shores, Ontario, N0H2L0

4 bd3 ba4 pk1,750 ft²Lot size 89 × 102 ft (9,098 sq ft)

Listed by Royal LePage D C Johnston Realty

Investment analysis

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$679,000

Saugeen Shores

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Overview

This multi-family property in Saugeen Shores is for sale offering roughly 2,750 sq ft of space. It has been on the market 100 days, fresher than the Saugeen Shores average of 172 days.

Multi-Family Properties for Sale in Saugeen Shores →All real estate in Saugeen Shores →

Description

This triplex is located close to downtown Port Elgin and sits on a large corner lot. Built in 1890, it has a lovely front covered porch (#1), side deck (#2), built-on shed (#3) and there is parking for 5 vehicles for the two 2-bedroom and one 1-bedroom plus den apartments. Recent updates include roof, flooring (#3), bathroom (#3). The apartments are spacious and two are occupied with excellent long term tenants. A professional Fire & Safety Inspection has been done and passed each year. (id:66096)

Property Details

MLS®: X13613082
Property Type: Multi-family
Zoning: R1
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 10
Half Baths: 4
Parking: 5
Interior Size: 2,750 ft²
Lot Size: 69 × 125 ft (8,576 sq ft)
Frontage: 69 ft
Storeys: 2
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,816/yr
Listed: 100 days ago

Features

Appliances: Window Coverings
Foundation: Stone, Block
Exterior: Brick, Vinyl siding
Lot Features: Flat site, Level

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Area context

Neighbourhood profile (N0H)

This home lists at $679,000, about 7.9× the local median household income of $86,000.

Carrying it typically needs a household income of about $132,632 (20% down, 25-yr amortization, stress-tested) — roughly 54% 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)

$679,000· $247/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $42,900

Min 6.32%50%

Mortgage payment$3,527/mo

↳ CMHC premium ($25,444 capitalized)

Property tax (est.)$318/mo

Total monthly$3,845

Cash Needed to Close

Down payment (6.32%)$42,900

Land transfer tax$10,055

Est. closing costs$4,537

Total cash needed$57,492

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569 Eugenie Street, Saugeen Shores - Multi-family for Sale

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Description

Property Details

Features

Services

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Location

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Neighbourhood profile (N0H)

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