For Sale: 517 Wales Drive, Saugeen Shores, ON - REW
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$734,900
5 bd • 2 ba • 700 - 1099 sf • Multifamily
517 Wales Drive
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$734,900
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517 Wales DriveSaugeen Shores, ON, N0H 2C1

  • 5 Bed
  • 2 Bath
  • 700 - 1099 Sqft
  • Multifamily

About this home

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:63626)
Listed by: MAC FERRIS, Salesperson, Wilfred McIntee & Co Limited

Home facts and features

Price details
List Price
$734,900
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Gross Taxes for 2026
$3,417
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Depth
109 feet
Frontage
60.0 feet
Exterior Finish
Brick, Aluminum siding
Heating Type
Heat Pump, Natural gas
Cooling
Wall unit
Basement Details
Finished, Apartment in basement, Walk out, ,
Features
Controlled entry, Fireplace(s), Level, Open space, Security system, Smoke Detectors
Appliances
Barbeque, Dishwasher, Furniture, Refrigerator, Stove
Agent details
Primary Agent
MAC FERRIS
Primary Broker
Wilfred McIntee & Co Limited
Listing details
Days on REW
275 Days
Property Views
33
MLS® Number
X12392311
Source
Canadian Real Estate Association
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Property Insights

Port Elgin-Saugeen Central School
  • Public
  • JK - 8
St Joseph's School
  • Catholic
  • JK - 8
Saugeen District Secondary School
  • Public
  • 9 - 12
Northport Elementary School
  • Public
  • JK - 8
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Call Agent
Salesperson
MAC FERRIS
Phone:
(647) 880-1090
Cell:
647-880-1090
Office:
519-797-5500
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.