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650 Highland Street
homes for sale · Saugeen Shores
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$1,599,000

650 Highland Street

Saugeen Shores · MLS® X13766190

334

House · Single Family · 44 days on market

listed by WAYNE LEIBOLD, Peak Edge Realty Ltd.

realtor's 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.

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property details

type
House, Single Family
bedrooms
3
bathrooms
3
parking
4
property tax
$7,779 / yr
days on market
44
MLS®
X13766190

features

  • Flat site
  • Washer
  • Refrigerator
  • Water meter
  • Dishwasher
  • Stove

monthly cost

$7,615/mo
Mortgage $6,967 · Tax $648

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$6,967/ monthly
loan $1,279,200
25-year amortization
total interest
$810,807
cash to close
$319,800
down payment; transfer tax and fees not included
total paid
$2,090,007

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
WAYNE LEIBOLD
Peak Edge Realty Ltd.
call WAYNE · 519-374-1109
Powered by: REALTOR.ca

location

Saugeen ShoresGoogle Maps ↗

location

Saugeen ShoresGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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