Discover an exceptional investment opportunity in the vibrant heart of Port Elgin. This rare duplex features two well-appointed two-bedroom units and a unique back addition currently operating as a hair salon. The back unit presents the potential to expand into the lower apartment, offering flexible space for a business or an additional rental income stream.This property is zoned for both residential and commercial use, spanning a generous 1,500 square feet. Each unit is equipped with separate hydro meters, supporting a consistent rental income from both weekly and monthly tenants. The duplex can also be transformed into a magnificent single-family residence, allowing you to create a personalized dream home.Recent updates to the roof, A.C., and furnace with a HEPA filter within the last five to seven years provide peace of mind and reduce maintenance concerns. Situated on a picturesque corner lot, the property is enveloped by lush, beautiful gardens. The back area offers space for a legal unit that can be built to rent or live in, with an opportunity for future severance by adding two services and can be sold separately down the road. Do not miss your chance to explore this incredible property before it's gone. Your dream investment awaits. (id:47423)
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Detailed Information
Lot
66.83 x 124.25 ft
Listing Contract Date
2025-02-07
Location Description
Hilker St
Property Type
Retail
Transaction Type
For sale
Zoning Description
R2
Business
Business Type
Personal Services
Business Subtype
Health Centre
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Size (Exterior)
2000 square feet
Utility Water
Municipal water
Land
Total Size
Bldg=66.854 x 124.27 FT
Size of Irregular Land
Bldg=66.854 x 124.27 FT
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