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490 Mill Street Unit #1, #2, #3, #4, Saugeen Shores, ON N0H 2C0

$799,900
: 6
BD
: 4
BA
: 3,000
SqFt

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List Price: $799,900
Price Change: ▼ $45,100 1782917047
MLS#: X12146433
Status: ACTIVE
Type: Multifamily
SubType: Fourplex
Style: 2-Storey
Bedrooms: 6
Bathrooms: 4
Living Area: 3000-3500
Province: ON
Municipality: Saugeen Shores
Area: Bruce
Neighborhood: Saugeen Shores
Subdivision: Mill & Kaake

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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!

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Additional Information

Taxes: $4,672
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: Other
Kitchens: 4
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 4
Parking Type: Unreserved, Available