185 ELGIN Street, Saugeen Shores, ON
Property no longer active
This property was sold on December 15, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Other detached located in the coveted neighborhood of Saugeen Shores. Expertly crafted featuring premium log and wood construction, this residence presents an exceptional opportunity offered at $749,900 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.
- 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 48 x 132 ft lot
- 5.0 total parking spaces available
- Notable attributes: Water Heater Owned
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
Opportunity awaits! Take a look at this! Four well maintained cottages located 1/2 block to the popular sandy Main Beach in Port Elgin. Previously operated as a year round Cottage Court with the zoning of R1-3, these 4 cottages as rentals have proven to have the potential to generate an excellent cash flow. Looking to add to your portfolio? for a retirement business? or possibly a chance for the entire family to collaborate and own a cottage together? 2-2 bedroom units, 1-3 bedroom unit and a bachelor unit all with appliances and furnishings make for an easy transition to ownership. Outside features gazebo's, barbecues and patio furniture. Come take a look..book your showing today!
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Property Summary
This detached home located at 185 ELGIN Street, Saugeen Shores is currently for sale and has been available on SousaSells for 759 days. This property is listed at $749,900 with an estimated mortgage of $2,496* per month. It has 7 beds, 4 bathrooms, and is 1500-2000 square feet. 185 ELGIN Street, Saugeen Shores is in the Saugeen Shores neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 185 ELGIN Street, Saugeen Shores, ON N0H 2C0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Saugeen Shores, ON
For a property listed at $749,900 in Saugeen Shores, the legal minimum down payment is $49,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,473 for this transaction. As this listing is in Saugeen Shores (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,473.
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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.