Opportunities like this are becoming increasingly rare in Port Elgin. Welcome to 557 Catherine Street, a versatile and fully updated investment property offering two separate residential dwellings on one lot, creating immediate income potential and long-term flexibility in one of Saugeen Shores' most desirable communities. The main home has been extensively renovated from the studs out, blending classic character with modern updates designed for low-maintenance ownership. Featuring four bedrooms and two full bathrooms, the bright and functional layout appeals to families, professionals, or tenants seeking comfortable year-round living. Updated flooring, kitchen finishes, and mechanical improvements provide peace of mind for investors looking for a turn-key opportunity. Adding exceptional value is the fully self-contained four-season accessory residential unit, a detached cottage-style dwelling complete with two bedrooms, one bathroom, and an updated kitchen. Ideal for long-term tenants, multi-generational living, or short-term rental opportunities (subject to municipal regulations), this secondary unit significantly enhances the property's income-generating potential. Situated on a generous corner lot within walking distance to local schools, downtown Port Elgin amenities, restaurants, and shopping, the location offers strong appeal for both owners and renters alike. Lake Huron's renowned beaches and sunsets are just a short bike ride away, further supporting long-term rental demand and lifestyle value. Whether you are expanding your investment portfolio, seeking a mortgage-helper property, or looking for flexible multi-family living, 557 Catherine Street delivers rare dual-income potential in a prime in-town location.