$1,599,000

For sale

650 Highland Street, Saugeen Shores - Single Family for Sale

650 Highland Street, Saugeen Shores, Ontario, N0H2C0

3 beds3 baths4 parking1,300 ft²107 × 153 ft (16,386 sq ft) lot sizeListed 57 days ago

Overview

This 3-bedroom, 3-bathroom home in Saugeen Shores is for sale offering roughly 1,300 sq ft of space. It has been on the market 57 days, fresher than the Saugeen Shores average of 171 days.

Houses for Sale in Saugeen Shores →All real estate in Saugeen Shores →

Description

Welcome to 650 Highland Street known as "The Maples", a rare investment opportunity in one of Port Elgin's most sought-after locations. Just 2 blocks from the sandy beaches and breathtaking sunsets of Lake Huron, this exceptional corner property offers the perfect combination of lifestyle, comfort, and income potential. The property features a 3 bedroom owner-occupied residence along with eight(seven-2 bedroom - 1- 3 bedroom) fully furnished and updated and winterized, income-generating cottages, making it an ideal opportunity for investors, entrepreneurs, or those seeking a unique live-and-work lifestyle. Three cottages(E-F-C)(is equipped with energy-efficient ductless mini-split heating and air conditioning units. The other five cottage have portable AC units.Cottages and home have had numerous upgrades, providing modern comfort and peace of mind. The home provides welcoming living spaces that are perfect for both everyday living and hosting guests. The eight cottages have been well maintained and are fully equipped for seasonal or year-round rentals, allowing for multiple income streams. Situated on a generously sized lot with excellent visibility and ample parking, the property is ideally positioned to attract vacationers, seasonal visitors, and long-term guests alike. Located within walking distance of Port Elgin's waterfront, trails, restaurants, shops, and local attractions, this property offers guests and owners the best of Ontario's west coast lifestyle. Whether you're looking to expand your investment portfolio, operate a successful hospitality business, or enjoy lakeside living while generating rental income, this property presents an outstanding opportunity. (id:66096)

Property Details

MLS®: X13766190
Property Type: Single Family
Zoning: CR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 107 × 153 ft (16,386 sq ft)
Frontage: 107 ft
Storeys: 1
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Property Tax: $7,779/yr
Listed

Rooms

Main level

Kitchen: 3.66 x 3 meters
Office: 3.73 x 2.75 meters
Dining room: 3.66 x 4.01 meters
Living room: 4.88 x 3.81 meters

Second level

Bedroom: 5.13 x 3.66 meters
Bedroom 2: 4.42 x 2.85 meters
Bedroom 3: 3.23 x 3.1 meters

Basement

Recreational, Games room: 7.37 x 3.51 meters
Laundry room: 3.46 x 2.85 meters

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Microwave, Furniture, Window Coverings, Water Heater
Foundation: Poured Concrete
Exterior: Vinyl siding
Lot Features: Flat site

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Saugeen Shores listings, avg age

171d

Price / ft²

$1,230

List price

$1.60M

Haho

This 3-bed single family in Saugeen Shores has been listed for 57 days, which is 114 days fresher than the city average of 171. Act while there is still low competition.

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Listed by Peak Edge Realty Ltd. · WAYNE LEIBOLD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $1,599,000, about 18.6× the local median household income of $86,000.

Carrying it typically needs a household income of about $312,341 (20% down, 25-yr amortization, stress-tested) — roughly 263% 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)

$1,599,000· $1,230/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $319,800

Min 20%50%

Mortgage payment$6,819/mo

Property tax (est.)$648/mo

Total monthly$7,468

Cash Needed to Close

Down payment (20%)$319,800

Land transfer tax$28,455

Est. closing costs$7,297

Total cash needed$355,552

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