#1, #2, #3, #4 - 490 Mill Street Saugeen Shores, Ontario N0H 2C0

$845,000

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:42776)

Property Details

MLS® Number	X12146433
Property Type	Multi-family
Community Name	Saugeen Shores
Parking Space Total	4
Structure	Porch, Barn

Building

Bathroom Total	4
Bedrooms Above Ground	6
Bedrooms Total	6
Age	100+ Years
Amenities	Separate Electricity Meters
Appliances	Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Exterior Finish	Brick
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	3,000 - 3,500 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage
Shared

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	132 Ft
Size Frontage	66 Ft
Size Irregular	66 X 132 Ft
Size Total Text	66 X 132 Ft|under 1/2 Acre
Zoning Description	R1

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Kitchen	3.96 m	2.03 m	3.96 m x 2.03 m
Second Level	Dining Room	3.92 m	2.91 m	3.92 m x 2.91 m
Second Level	Living Room	3.94 m	3.94 m	3.94 m x 3.94 m
Second Level	Bedroom	3.45 m	3.47 m	3.45 m x 3.47 m
Second Level	Bedroom 2	3.53 m	3.61 m	3.53 m x 3.61 m
Second Level	Sunroom	2.75 m	6.06 m	2.75 m x 6.06 m
Second Level	Kitchen	2.25 m	4.2 m	2.25 m x 4.2 m
Second Level	Living Room	4.1 m	4.24 m	4.1 m x 4.24 m
Second Level	Bedroom	3.48 m	3.57 m	3.48 m x 3.57 m
Main Level	Family Room	4.67 m	4.68 m	4.67 m x 4.68 m
Main Level	Living Room	4.66 m	4.32 m	4.66 m x 4.32 m
Main Level	Bedroom	2.71 m	3 m	2.71 m x 3 m
Main Level	Bedroom 2	4.39 m	3.7 m	4.39 m x 3.7 m
Main Level	Kitchen	3.16 m	4.24 m	3.16 m x 4.24 m
Main Level	Sunroom	2.75 m	5.97 m	2.75 m x 5.97 m
Main Level	Sunroom	1.73 m	4.48 m	1.73 m x 4.48 m
Main Level	Kitchen	2.53 m	3.39 m	2.53 m x 3.39 m
Main Level	Living Room	4.15 m	4.26 m	4.15 m x 4.26 m
Main Level	Bedroom	2.61 m	3.73 m	2.61 m x 3.73 m

https://www.realtor.ca/real-estate/28308494/1-2-3-4-490-mill-street-saugeen-shores-saugeen-shores