490 Mill Street #1, #2, #3, #4, Saugeen Shores, ON N0H 2C0
Saugeen Shores, ON, N0H 2C0 · Saugeen Shores
About this property
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!
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: Other
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Lot Size | 8,712 Feet |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Other |
| Sewer | Sewer |
| Annual Tax | $4,672 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter
Exterior Features
- Exterior Features
- Porch
- Other Structures
- Barn
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Stone
- Roof
- Shingles
- Basement
- Unfinished
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Other
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Unreserved, Available
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 8712.00
- Lot Size Units
- Feet
- Lot Depth
- 132.00
- Lot Width
- 66.00
Financial & Tax
- Tax Annual Amount
- $4,672
- Tax Year
- 2025
- Possession Type
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 19
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Bruce
- Cross Street
- Mill & Kaake
- Directions
- Heading south on Goderich street, turn west on Mill street, home on the left at the corner of Mill and Kaake.
- Special Designation
- Unknown
- Showing Requirements
- Showing System, List Salesperson
Location
490 Mill Street #1, #2, #3, #4, Saugeen Shores, ON N0H 2C0, Saugeen Shores, ON, N0H 2C0