The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Opportunity meets location at 177 Elgin Street in Port Elgin. This 3-bedroom, 1-bathroom cottage has been a successful rental property for a number of years, attracting many repeat cottagers who return year after year to enjoy its unbeatable location just steps from the harbour and Main Beach. For investors, this property offers the potential to continue an established rental history in one of Port Elgin's most desirable areas, with strong appeal across the seasons. The 4-season layout and gas fireplace help extend its use beyond the summer months, while recent updates add value and peace of mind, including newer windows (2017), gas fireplace (2012), roof (2023), and a 200-amp breaker panel. Whether you choose to continue operating it as a sought-after rental cottage, enjoy it personally while generating supplemental income, or hold it as an investment in a prime Port Elgin location, the possibilities are endless. With the beach, harbour, and downtown amenities all within walking distance, this is an opportunity to invest in a property with a proven rental track record and a location that keeps guests coming back.
Demographic data is not available for this area yet.
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Age Groups
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Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
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Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,929/mo
Mortgage (principal + interest)$1,683
Property taxFrom listing: $2,955/yr$246
Minimum $22,495 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$89,980
Ontario land transfer taxProvincial brackets, no first-time refund$5,473
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$98,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Saugeen Shores has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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