5 - 633 HARBOUR STREET — Saugeen Shores, Ontario

Summer Starts Here! Rare Waterfront Investment Opportunity at Unit 5 - 633 Harbour Street, Port ElginWelcome to Unit 5 at 633 Harbour Street, a rare west-facing waterfront condo on the shores of Lake Huron. A superb hands-off investment property with unbeatable beach and lake views that simply cannot be matched in Port Elgin! Just steps from the sand, this 2-bedroom, 2-storey unit offers breathtaking sunsets, low-maintenance living, and incredible flexibility for personal use, long-term rental, or Airbnb-style investment potential. Located directly across from Port Elgin's main beach, marina, parks, splash pad, and scenic waterfront trails, this move-in-ready condo is truly turnkey. Enjoy the patio and outdoor sitting area after a beach day, with the shoreline only roughly twenty steps from your door. Recent updates include new upstairs flooring (2023), renovated bathroom (2025), owned hot water tank (2025), and professionally installed Mitsubishi heat pump/AC system with 3 heads designed to keep your home, cottage, or investment property comfortable year-round while helping keep utility costs low. The condo corporation also offers onsite laundry facilities and common expenses that include water and sewer.Short-term rentals are permitted with a minimum one-week stay, creating excellent income potential. At approximately $2,500 per rental week, it would take roughly 210 rental weeks to recover the $524,900 purchase price in gross rental revenue alone. Property taxes are also just under $2,700 annually - an exceptional value for waterfront living in one of Ontario's most sought-after beach communities. With the continued Bruce Power expansion and increasing demand for quality accommodations near the shoreline, this could be the right move - but don't wait. Summer is here, and opportunities like this do not last long. Contact your REALTOR today to book your private showing of Unit 5 at 633 Harbour Street. (id:63357)