#1, #2, #3, #4 - 490 MILL STREET
Saugeen Shores, Ontario
MLS® X12146433
$799,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12146433
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- —
1 / 24Listing 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!
Property summary
- MLS® number
- X12146433
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 66 x 132 FT
- Annual property taxes
- $4,672.00
- Parking
- 4 spaces · No Garage, Shared
- Days on market
- 474 days
Features & details
- Heating
- Forced air, Natural gas
- Basement
- Unfinished, N/A
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
- Exterior features
- Brick
What would this home cost you?
Based on the $799,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage D C Johnston Realty, SOUTHAMPTON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.