Featured Imagery

Exceptional Property

623/625 ELGIN Street, Saugeen Shores

$1,150,000

8 Bedrooms

4 Bathrooms

null sqft

Property Highlights

Distinctive Features That Set This Property Apart

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Property Type

Multi-family

Style

Fourplex

Year Built

N/A

Square Footage

N/A

Bedrooms

8 Bedrooms

Bathrooms

4 Bathrooms

Distinguished Features

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Property Overview

A Closer Look at This Distinguished Residence

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Exceptional investment opportunity with this meticulously maintained 4-plex income property in the heart of Port Elgin! This fully tenanted, all-brick building generates a steady gross income and is ideally located just one block from downtown, ensuring high demand and ease of rental. Situated on a beautifully landscaped 66ft x 132ft lot, the prope...

MLS Number

X12182315

Listed By

Wilfred McIntee & Co Limited

Last Updated

Jun 25, 2025, 7:10 p.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Agent's Insight

Property Specifications

Comprehensive Details of This Fine Residence

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Property Specifications

Property Type

Multi-family

Architectural Style

Fourplex

Interior Features

Basement

Partial

Number of Fireplaces

Climate Control & Utilities

Heating System

Radiant heat, Natural gas

Exterior & Surroundings

Exterior Construction

Brick

Foundation

Stone, Unknown

Additional Amenities

Washer, Refrigerator, Stove, Dryer, Water Heater

Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

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Property Timeline

Historical transactions and listing information

New

MLS# X12182315

List Date

May 29, 2025, 7:40 p.m.

List Price

$1,150,000

Property Type

Sale

Bedrooms

Bathrooms

Financial Planning

Tools to Help You Plan Your Investment

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Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

Property Purchase Price

300,000

Down Payment

20%

Interest Rate

% p.a.

Amortization Period

Monthly Payment

Per Month

Mortgage Details

Loan Amount

$240,000

Total Interest

Total Payments

Loan-to-Value Ratio

80%

Total Number of Payments

360

Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Analysis Period:

Total Income

$4,300/monthly

2 income sources

Total Expenses

$2,530/monthly

3 expense items

Net Cash Flow

$1,770/monthly

Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.