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

WOWWWWW! 3-UNIT POTENTIAL WITH TOWN APPROVAL! 517 Wales Drive is a rare multifamily/investment opportunity featuring 2 fully self-contained units PLUS an Additional Residential Unit (ARU) approved by the Town of Saugeen Shores! Unlock the potential for a third income-producing unit without changing your current living situation.The upper unit offers 3 bedrooms, a full bathroom and laundry, while the lower unit features 2 bedrooms, a full bathroom and separate laundry. Live in one, rent the other, rent both, or take advantage of the approved third-unit opportunity for even more income potential.Fully renovated in 2025, the property offers modern finishes, brand-new appliances, 2 gas fireplaces capable of heating the entire home, newer windows and a roof replaced around 2018.Income potential is proven, having successfully operated as an Airbnb in 2022 and 2023, with summer income historically enough to cover the mortgage for the year.Outside features include parking for up to 5 vehicles, a huge fenced backyard and new storage shed. Walk to the beach via scenic trails and enjoy being minutes from downtown and the shoreline. 2 UNITS TODAY. 3RD UNIT APPROVED. MORE INCOME POTENTIAL. NO NEED TO CHANGE YOUR EXISTING LIVING ARRANGEMENT to ACCOMMODATE THE ADDED INCOME IN THE ADDITIONAL GARDEN SUITE APPROVAL! WOWWWWW! (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, Electric, 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
26 Days
Property Views
48
MLS® Number
X13716408
Source
Canadian Real Estate Association
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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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
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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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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