$845,000

Fourplex

#1, #2, #3, #4 - 490 Mill Street, Saugeen Shores, ON

222 DAYS

3000-3500

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 1 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 2 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 3 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 4 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 5 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 6 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 7 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 8 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 9 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 10 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 11 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 12 of 13

Unit #1, #2, #3, #4 490 Mill Street, Saugeen Shores, ON N0H 2C0 - photo 13 of 13

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Listed by Royal LePage D C Johnston Realty

·Virtual Tour

Listed by Royal LePage D C Johnston Realty

Property Highlights

Parking

4 spaces

Property Tax

$4,279/yr

Age

100+ yrs

Lot Size

< .50 ac

Style

2-Storey

Basement

Unfinished

Monthly Cost

$3,925/mo

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!

Monthly Cost

Monthly Mortgage$3,568

Property Tax ($4,279/yr)$357

Total$3,925

Price & Listing History

Schools

Location

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Rooms

mft

Main Level

Bedroom 2: 4.39m × 3.70m

Bedroom: 2.71m × 3.00m

Kitchen: 3.16m × 4.24m

Sunroom: 1.73m × 4.48m

Family Room: 4.67m × 4.68m

Kitchen: 2.53m × 3.39m

Living Room: 4.15m × 4.26m

Sunroom: 2.75m × 5.97m

Bedroom: 2.61m × 3.73m

Living Room: 4.66m × 4.32m

Second Level

Living Room: 4.10m × 4.24m

Bedroom: 3.45m × 3.47m

Bedroom: 3.48m × 3.57m

Kitchen: 3.96m × 2.03m

Dining Room: 3.92m × 2.91m

Sunroom: 2.75m × 6.06m

Living Room: 3.94m × 3.94m

Bedroom 2: 3.53m × 3.61m

Kitchen: 2.25m × 4.20m