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Joseph Bitton B.A., LL.B., Broker.

bitton@torontorealestate4u.com +1(416) 801-8600

$ 830,000

Est. payment -/mo

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Active

228 Palmerston ST Saugeen Shores, ON N0H 2L0

8 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Saugeen Shores

MLS Listing ID X12566472

Style 2-Storey

Bedrooms 8

Annual Tax Amount $4,688

Tax Year 2024

Property Sub-Type Fourplex

Property Description

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!

Location

State ON

County Bruce

Area Bruce

Rooms

Family Room No

Basement Unfinished, Finished

Kitchen 5

Separate Den/Office 2

Interior

Interior Features In-Law Suite, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter

Cooling Central Air

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Deck, Landscaped, Porch Enclosed

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Topography Level

Lot Frontage 66.0

Lot Depth 120.0

Total Parking Spaces 5

Building

Building Age 100+

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

Foundation Stone, Concrete

Others

Security Features None

ParcelsYN No

Listed by Century 21 Millennium Inc.

GET MORE INFORMATION

+1(416) 801-8600

bitton@torontorealestate4u.com

www.torontorealestate4u.com

Toronto