517 Wales Drive, Saugeen Shores, ON

$765,000
MLS#:X12392311
5 beds
2 baths
700-1100 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Backsplit 3"] duplex located in the coveted neighborhood of Saugeen Shores. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $765,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 60 x 109 ft lot
  • Features a ["apartment", "finished with walk-out"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: Guest Accommodations
  • equipped with ["wall unit(s)"] central cooling and highly efficient heat pump heating via gas

517 Wales Drive is the perfect 3+2 bedroom multifamily or investment home. Showcasing this rare opportunity, this fully renovated property offers two completely self-contained living spaces, each with its own laundry, providing the ideal setup for income potential or multigenerational living. An Additional Residential Unit (ARU) application was submitted and approved by the Town of Saugeen Shores, giving buyers peace of mind and flexibility for future use. Live in the spacious upper level while renting out the lower suite to offset your mortgage or rent both and benefit from positive cash flow at the asking price. The upper level features three bedrooms and a full washroom, while the lower level includes two bedrooms and a full washroom, making the layout perfect for guests, tenants, or extended family. A 2025 renovation brought modern finishes, brand-new appliances, and upgraded systems, including four new heat pumps three in the lower unit and one in the upper plus two gas fireplaces capable of heating the entire home. With newer windows, a roof replaced around 2018, and everything move-in ready, this home is solid, stylish, and ready to perform.This property has also proven itself as a strong income earner, having successfully operated as an Airbnb for the 2022 and 2023 years. The rental potential is outstanding, with summer income alone enough to cover the mortgage for the entire year, while long-term rentals provide stable returns. Outside, you will find parking for up to five vehicles, a huge fenced backyard perfect for families and pets, and a brand-new storage shed for added convenience. Located in a quiet, family-friendly neighbourhood, you are just a short walk through scenic trails to the beach and only minutes to downtown and the shoreline. With five bedrooms, two washrooms, and ARU approval already in place, 517 Wales Drive is a rare chance to secure both a home and an investment live in one, lease the other, and let this opportunity work for you.

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date9/9/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionBrick, Aluminum Siding
Lot Size60 × 109 Feet
CountyBruce
Annual Tax$3,417
Legal DescriptionPCL 48-1 SEC M13; LT 48 PL M13;

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
Cooling["Wall Unit(s)"]

Features

Property Features

Beach, Fenced Yard, Hospital, Place Of Worship, School Bus Route, School

Community Features

Location

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517 Wales Drive, Saugeen Shores, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 517 Wales Drive, Saugeen Shores, ON N0H 2C1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$612,000
Monthly Mortgage$3,556
Property Tax (Est.)$285
Utilities & Maint.$350
Total Monthly Cost$4,191

Strategic Fiscal Clarity

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No current listings found in Saugeen Shores.