#1, #2, #3, #4 - 490 Mill Street, Saugeen Shores
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:1945)
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Property details for #1, #2, #3, #4 - 490 Mill Street, Saugeen Shores
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 4
- Lot Size
- 66 x 132 FT
- Stories
- 2
- Basement
- Unfinished, N/A
- Parking
- No Garage, Shared
- Heating
- Forced air, Natural gas
- Exterior
- Brick
- Annual Taxes
- $4,672 (2024)
Nearby Listings Stat
Estimated price and comparable properties near #1, #2, #3, #4 - 490 Mill Street
Active Listings
5
Min Price
$799,900
Max Price
$2,399,000
Avg Price
$1,351,640
Days on Market
144
days
Sold Listings
1
Min Sold Price
$909,900
Max Sold Price
$909,900
Avg Sold Price
$909,900
Days until Sold
188
days
Neighbourhood Census Data
Education Level
Price History
Listed
May 14, 2025
by Royal LePage D C Johnston Realty
Current Price
$799,900
-5.3% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $799,900 | $45,100 (-5.3%) |
| Jul 1, 2026 | $845,000 | Listed |