517 Wales Drive, Saugeen Shores, ON N0H 2C1
Saugeen Shores, ON, N0H 2C1 · Saugeen Shores
About this property
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!
Features & Amenities
- Basement: Apartment, Finished with Walk-Out
- Garage: None
- Cooling: Wall Unit(s)
- Heat Type: Heat Pump
- Heat Source: Electric
- Style: Backsplit 3
- Construction: Brick, Aluminum Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | Backsplit 3 |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Basement | Apartment, Finished with Walk-Out |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Heat Pump |
| Heat Source | Electric |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $3,417 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Guest Accommodations
- Fireplace
- Yes
- Fireplace Features
- Family Room, Living Room, Natural Gas
Exterior Features
- Exterior Features
- Controlled Entry, Year Round Living, Privacy, Recreational Area, Built-In-BBQ
- Other Structures
- Garden Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- Backsplit 3
- Construction Materials
- Brick, Aluminum Siding
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Shingle
- Basement
- Apartment, Finished with Walk-Out
- Approximate Age
- 31-50
Heating & Cooling
- Heat Type
- Heat Pump
- Heat Source
- Electric
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
- Parking Total
- 5.00
- Parking Features
- Private Double
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 109.00
- Lot Width
- 60.00
Community & Neighborhood
- Property Features
- Beach, Fenced Yard, Hospital, Place Of Worship, School Bus Route, School
Financial & Tax
- Tax Annual Amount
- $3,417
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Immediate is fine
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 7
- Rooms Below Grade
- 4
- Kitchens Above Grade
- 1
- Kitchens Total
- 2
- Bedrooms Above Grade
- 3
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Bruce
- Cross Street
- Ridge Street
- Directions
- Turn left onto Ridge Street, then left again onto Wales Drive, where you will find 517 Wales Drive waiting for you on the left-hand side.
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
517 Wales Drive, Saugeen Shores, ON N0H 2C1, Saugeen Shores, ON, N0H 2C1