228 Palmerston Street, Saugeen Shores, ON

$799,000
MLS#:X12566472
8 beds
5 baths
3000-3500 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of Saugeen Shores. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $799,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 8 Bedrooms and 5 Bathrooms with 5 functional kitchens
  • Generous living space spanning 3000-3500 sqft on a premium 66 x 120 ft lot
  • Features a ["unfinished", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: In-Law Suite, Separate Hydro Meter, Storage
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Centrally located in the heart of Southampton and just minutes from the sparkling shores of Lake Huron, this well-maintained four-plex offers an outstanding blend of lifestyle and investment potential. Walk to downtown shops and restaurants, the Coliseum, Art School, and year-round amenities while enjoying all the benefits of living near the lake in one of Bruce Counties most desirable communities. The property features 4 residential units with separate entrances and on-site parking. Three one-bedroom suites provide consistent rental appeal: an upper unit with gas fireplace and in-suite laundry; a lower unit with entry porch, baseboard electric heat and laundry; and a middle unit with gas wall heater and laundry hook-up. The spacious five-bedroom unit at the rear includes three bedrooms up and two down, two kitchens, two bathrooms, main-floor laundry, forced-air gas heat with central air, in-floor radiant heat in the lower level, and a private sunroom. The split entrance offers excellent potential to divide this unit into two, adding further income possibilities. Separate hydro meters for each unit, along with a single gas and water meter, help streamline management. The clean, dry cellar under the main house and middle unit adds useful storage space. With strong rental demand in this popular lakeside town, the income potential is significant-ideal for investors, Airbnb, short or long term rentals, multi-generational living, or for an owner to reside in the larger unit while the other suites help offset expenses. Property will be sold vacant; ready to fulfil your real estate goals!

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Key Features

Bedrooms
8
Bathrooms
5
Kitchens
5
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date11/21/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeFourplex
ConstructionBrick, Aluminum Siding
Lot Size66 × 120 Feet
CountyBruce
Annual Tax$4,688
Legal DescriptionLT 20 PL 148; SAUGEEN SHORES

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Arts Centre, Beach, Electric Car Charger, Hospital, Library, Place Of Worship

Community Features

Location

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228 Palmerston Street, Saugeen Shores, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Saugeen Shores, Saugeen Shores.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
Ownership65% Owners
Avg Area List Price$776,821

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Northport
Public1000 Waterloo Street, Port Elgin, Ontario, N0H 2C2
6.2
St Joseph's
Public584 Stafford Street, Port Elgin, Ontario, N0H 2C1
6.9
Port Elgin-Saugeen Central
Public504 Catherine Street, Port Elgin, Ontario, N0H 2C1
5.5
G C Huston
Public61 Victoria Street North, Southampton, Ontario, N0H 2L0
4.1

Secondary Schools

Saugeen
Public780 Gustavus Street, Port Elgin, Ontario, N0H 2C4
6.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 228 Palmerston Street, Saugeen Shores, ON N0H 2L0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$639,200
Monthly Mortgage$3,714
Property Tax (Est.)$391
Utilities & Maint.$350
Total Monthly Cost$4,455

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Saugeen Shores.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.