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Royal LePage
Royal LePage
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$765,000

Saugeen Shores ON, N0H 2C1

MLS® # X12392311

Property Information:

517 Wales Drive is the perfect 3+2 bedroom multifamily or investment home. Showcasing this rare opportunity, this fully renovated property offers two completely self-contained living spaces, each with its own laundry, providing the ideal setup for income potential or multigenerational living. An Additional Residential Unit (ARU) application was submitted and approved by the Town of Saugeen Shores, giving buyers peace of mind and flexibility for future use. Live in the spacious upper level while renting out the lower suite to offset your mortgage or rent both and benefit from positive cash flow at the asking price. The upper level features three bedrooms and a full washroom, while the lower level includes two bedrooms and a full washroom, making the layout perfect for guests, tenants, or extended family. A 2025 renovation brought modern finishes, brand-new appliances, and upgraded systems, including four new heat pumps three in the lower unit and one in the upper plus two gas fireplaces capable of heating the entire home. With newer windows, a roof replaced around 2018, and everything move-in ready, this home is solid, stylish, and ready to perform.This property has also proven itself as a strong income earner, having successfully operated as an Airbnb for the 2022 and 2023 years. The rental potential is outstanding, with summer income alone enough to cover the mortgage for the entire year, while long-term rentals provide stable returns. Outside, you will find parking for up to five vehicles, a huge fenced backyard perfect for families and pets, and a brand-new storage shed for added convenience. Located in a quiet, family-friendly neighbourhood, you are just a short walk through scenic trails to the beach and only minutes to downtown and the shoreline. With five bedrooms, two washrooms, and ARU approval already in place, 517 Wales Drive is a rare chance to secure both a home and an investment live in one, lease the other, and let this opportunity work for you. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Air Conditioning: Yes
  • Amenities:
  • Basement Development: Finished
  • Basement Type: N/A, N/A
  • Construction Style - Split Level: Backsplit
  • Exterior Finish: Brick, Aluminum siding
  • Fire Protection: Controlled entry, Smoke Detectors, Security system
  • Fireplace: Yes
  • Floor Space: 700 - 1100 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Heat Pump, Not known
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: Wall unit
  • Appliances: Barbeque, Dishwasher, Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3+2
  • Bathrooms: 2
  • Amenities Nearby: Hospital, Schools
  • Community Features: School Bus
  • Features: Open space, Level, Guest Suite
  • Fence Type: Fenced yard
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 109.0 Feet
  • Lot Frontage: 60.0 Feet
  • Lot Size: 60 x 109 FT
  • Structure Type: Shed
  • Utility Type: Cable - Available, Hydro - Installed, Sewer - Installed
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Courtesy of: Wilfred McIntee & Co Limited

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 517 WALES DRIVE, Saugeen Shores, Ontario, N0H 2C1

Demographic Information of 517 WALES DRIVE, Saugeen Shores, Ontario, N0H 2C1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$141,301.08

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.53 %

High school certificate or equivalent

26.07 %

Apprenticeship trade certificate/diploma

7.23 %

College/non-university certificate

29.05 %

University certificate (below bachelor)

2.13 %

University Degree

23.99 %

Commuter

Travel To Work

By Car

82.51 %

By Public Transit

0.0 %

By Walking

11.07 %

By Bicycle

0.88 %

By Other Methods

5.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

9.94 %

Houses

90.06 %

Own Vs. Rent

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