For Sale: 1 2 3 4-490 Mill Street, Saugeen Shores, ON - REW
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$799,900
6 bd • 4 ba • 3000 - 3499 sf • Multifamily
1 2 3 4-490 Mill Street
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$799,900
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#1, #2, #3, #4 - 490 Mill StreetSaugeen Shores, ON, N0H 2C0

  • 6 Bed
  • 4 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

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! (id:63626)
Listed by: MELISA BERNER, Salesperson, Royal LePage D C Johnston Realty

Home facts and features

Price details
List Price
$799,900
Get Pre-Approved
Gross Taxes for 2024
$4,672
Home facts
Bedrooms
6
Full Bathrooms
4
Parking Spaces
4
Parking Details
No Garage, Shared
Property Type
Multifamily
Depth
132 feet
Frontage
66.0 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Basement Details
Unfinished,
Features
Separate Electricity Meters
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Agent details
Primary Agent
MELISA BERNER
Primary Broker
Royal LePage D C Johnston Realty
Listing details
Days on REW
503 Days
Property Views
55
MLS® Number
X12146433
Source
Canadian Real Estate Association
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25 Years
Interest Rate
3.99%

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Property Insights

St Joseph's School
  • Catholic
  • JK - 8
Port Elgin-Saugeen Central School
  • Public
  • JK - 8
Saugeen District Secondary School
  • Public
  • 9 - 12
Northport Elementary School
  • Public
  • JK - 8
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Call Agent
Salesperson
MELISA BERNER
Phone:
(519) 386-9930
Cell:
519-386-9930
Office:
519-797-5544
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