517 Wales Drive
Saugeen Shores, ON
- 5 bed
- 2 bath
- approx. 700-1100 sqft
- Duplex
- 22 days on market
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!
Listing Details
- Taxes (2025)
- $3,417
- Listed
- August 26, 2026
Price History
Listing history
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Property
- Style
- Backsplit 3
- Age
- 31-50
- Construction
- Brick, Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Guest Accommodations
- Lot Size
- 60 x 109 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Ridge Street
- Parcel Number
- 332730048
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 2x Stoves, 2x Refrigerators, 2x dishwashers, all furniture can be negotiated.
- Exclusions
- Tenat belongings
- Rental Items
- HWT
Schools
Elementary
- Port Elgin-Saugeen Central School0.5 km
Public · Bluewater DSB · 625 students
Grade 3 reading: 48% met the provincial standard · Grade 6 math: 44% met the provincial standard
- St Joseph's School0.6 km
Catholic · Bruce-Grey CDSB · 290 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 32% met the provincial standard
- Saugeen District Senior School1.4 km
Public · Bluewater DSB · 275 students
Secondary
- Saugeen District Secondary School1.4 km
Public · Bluewater DSB · 730 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N0H
- Population
- 53,674
- Private dwellings
- 34,400
- Median age
- 52.8
- Average household size
- 2.3
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Saugeen Shores · last 12 months
- Median sold price
- $660,000
- Homes sold
- 275
- Median days on market
- 38
- Sale-to-list price
- 97.4%
Based on 275 recorded sales of residential freehold properties in Saugeen Shores over the last 12 months.
Listed by
Wilfred McIntee & Co Limited
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$146,980
Estimated Monthly Payment
$3,610
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,610/mo (20% down, 5.5%)
Taxes: $285/mo · Insurance: $184/mo
Estimates only. Consult a financial advisor.
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