13
See all 13 photos
$845,000
Est. payment /mo
6 Beds
4 Baths
Active
490 Mill ST ##1, #2, #3, #4 Saugeen Shores, ON N0H 2C0
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Saugeen Shores
MLS Listing ID X12146433
Style 2-Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $4,279
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Attention Investors! Seize a unique opportunity in Port Elgin with this fully tenanted fourplex nestled within a distinguished century home. This property features an ideal unit mix of two spacious two-bedroom units and two well-appointed one-bedroom units, providing a diversified income stream. Benefit from the convenience of on-site shared laundry and included parking for all tenants. Currently generating a $5000 per month, this property offers immediate cash flow. Adding significant value, both one-bedroom units have been recently renovated. The main floor units boast impressive 12-foot ceilings and the home's historic detailing shines through, including stunning original wooden pocket doors dividing the living and dining spaces. This home holds so much character - it could be beautifully restored to its former glory, all while capitalizing on consistent rental income. Don't miss out on this prime investment in a desirable location within our growing community!
Location
Province ON
County Bruce
Community Saugeen Shores
Area Bruce
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Unreserved, Available
Pool None
Roof Type Shingles
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 4
Building
Foundation Stone
Others
Virtual Tour https://unbranded.youriguide.com/490_mill_st_port_elgin_on/
Listed by Royal LePage D C Johnston Realty