614 River Street, Saugeen Shores

$640,000
614 River Street

$640,000

New
8d
DetachedBungalow

614 River Street, Saugeen Shores

Total Monthly Obligation $3,257

Beds
5
Baths
2
Park
6
Sqft
700-1100
DOM
8d
Yield
4.7%
Cash on Cash
-3.9%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X14081832
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-66 × 132 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,599 (2026)
Parking-6 - None
Basement-Apartment
Heating-Forced Air (Gas)
Brokerage-RE/MAX Land Exchange Ltd.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-flexible if tenants are staying
Neighbourhood-Saugeen Shores
Title-Residential Freehold

No agent assigned

Investment opportunity in the heart of Port Elgin! Situated in a prime location at a prominent corner along Port Elgin's main commercial corridor, this brick bungalow offers an excellent opportunity for investors, developers, or those looking for a versatile income property. Currently configured as a duplex with private entrances and ample parking. The home features a spacious three-bedroom main level unit with a kitchen, combined living and dining area, four-piece bathroom, and shared laundry room. The lower level offers a two-bedroom unit complete with its own kitchen, bathroom, and shared laundry room. The property also features a concrete driveway with ample parking, a covered front porch, and a rear patio. The generous-sized lot backs onto a town lane, convenient for accessing the backyard. Adding to its appeal, the neighbouring property MLS#X14081552 is also being offered for sale, presenting an opportunity to acquire two adjoining properties in a highly visible, central location. With commercial zoning identified for the properties, the combined parcels may offer possibilities for future residential intensification, multi-unit development, or commercial uses, subject to municipal zoning requirements and approvals. Whether you're looking to expand your investment portfolio, explore redevelopment opportunities, or secure property in a desirable central location, this is an opportunity worth considering.

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Closing Costs

Mortgage Amount
$512,000
Land Transfer Taxes$9,275
Legal Fees (Est.)
$
Total cash required for closing$138,775

Total Monthly Obligation

$3,257/mo
Mortgage $2,582
Monthly Loss $2,577
Principal$679
Interest$1,902
Property Tax$300
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 614 River Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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