622 RIVER Street, Saugeen Shores

$524,900
622 RIVER Street

$524,900

New
8d
DetachedBungalow

622 RIVER Street, Saugeen Shores

Total Monthly Obligation $2,792

Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
8d
Yield
5.7%
Cash on Cash
-0.0%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.6%
Property Type-Detached
MLS® Number-X14082668
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-66.01 × 132 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,598.5 (2026)
Parking-3 - None
Basement-Walk-Up, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Land Exchange Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible, immediate preferred
Neighbourhood-Saugeen Shores
Title-Residential Freehold

No agent assigned

This classic, move-in ready all-brick bungalow is situated in the heart of Port Elgin on a spacious 66' x 132' lot within easy walking distance to all downtown amenities. The entire main floor was beautifully redone in 2020, featuring an open-concept living and dining area, a brand-new kitchen, a stylish 4-piece bathroom, and three comfortable bedrooms. The lower level offers incredible flexibility with a direct back-door entrance leading straight to the basement, setting this home up perfectly for a duplex conversion, an in-law suite, or expanding your living space into a custom great room, complete with two studded rooms waiting for your finishing touches. Peace of mind comes built-in with extensive recent updates, including roof shingles (2018), new electrical breaker panel, high-efficiency gas furnace, and gas BBQ hookup (2020), central A/C (2021), and professional basement waterproofing (2025). As an added bonus, the property backs onto a town laneway, offering convenient backyard access perfect for parking your trailer, RV, or toys.

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Closing Costs

Mortgage Amount
$419,920
Land Transfer Taxes$6,973
Legal Fees (Est.)
$
Total cash required for closing$113,453

Total Monthly Obligation

$2,792/mo
Mortgage $2,117
Monthly Loss $2,235
Principal$557
Interest$1,560
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 622 RIVER Street

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