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$845,000

May 14Fourplex For Sale
bedrooms6bed
washrooms6bath
MLS - #X12146433

490 Mill Street, Saugeen Shores, ON N0H 2C0

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Average Price
84500000.0%
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Price Comparison

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Property Description

Property type

Fourplex

Lot size

< .50 acres

Style

2-Storey

Approx. Area

N/A

Room Information

Room TypeDimension (length x width)FeaturesLevel
Family Room4.67 x 4.68 mN/AMain
Living Room4.66 x 4.32 mN/AMain
Bedroom2.71 x 3 mN/AMain
Bedroom 24.39 x 3.7 mN/AMain

About 490 Mill Street

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!

Home Overview

Last updated

May 14

Virtual tour

None

Basement information

Unfinished

Building size

--

Status

In-Active

Property sub type

Fourplex

Maintenance fee

$N/A

Year built

2024

Listed by Royal LePage D C Johnston Realty

Additional Details

Basement:Unfinished
Cooling:Other
Heating:Forced Air
Parking Features:Unreserved, Available

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 490 Mill Street

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