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517 WALES DRIVE, Saugeen Shores, Ontario

$734,900

5 Beds
2 Baths

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! (id:56241)

Listing ID: X13716408
Property Type: Multi-family

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Details

Amenities Nearby: Beach, Hospital, Place of Worship, Schools
Community Features: School Bus
Equipment: Water Heater
Features: Open space, Level, Guest Suite
Parking Spaces: 5
Rental Equipment: Water Heater
Structure: Shed
Transaction: For sale

Building

Amenities: Fireplace(s)
Appliances: Barbeque, Dishwasher, Furniture, Stove, Refrigerator
BasementType: N/A, N/A (Finished)
Basement Development: Finished
Basement Features: Apartment in basement, Walk out
Bedrooms Main Level: 3
Bedrooms Lower Level: 2
Construction Style Split Level: Backsplit
Cooling: Wall unit
Exterior Finish: Brick, Aluminum siding
Fireplace Present: True
Fireplace Total: 2
Fire Protection: Controlled entry, Smoke Detectors, Security system
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Heat Pump
Heating Fuel: Electric, Natural gas
Size Interior: 700 - 1100 sqft
Type: Duplex
Utility Water: Municipal water

Land

Amenities: Beach, Hospital, Place of Worship, Schools
Fence: Fenced yard
Sewer: Sanitary sewer
Size Frontage: 60 ft
Size Irregular: 60 x 109 FT

Listing provided by Wilfred McIntee & Co Limited
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 517 WALES DRIVE in Port Elgin Ontario. It was last modified on August 26th, 2026. Contact Becky Hunt to schedule a viewing or to discover other Port Elgin homes for sale.

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