490 Mill Street #1, #2, #3, #4

For Sale
8.05 BTC
490 Mill Street #1, #2, #3, #4, Saugeen Shores
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
490 Mill Street #1, #2, #3, #4
6
BEDROOMS
4
BATHROOMS
4
KITCHENS
19
ROOMS
X12146433
MLSID
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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!
Property Features
Separate Hydro Meter, Unreserved, Available
Property Details
Property Type
Fourplex
Lot Size
66' x 132'
Acreage
8,712.0 Feet
Taxes
$4,279 (2024)
Basement
Unfinished
Exterior
Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
Listing contracted with Royal Lepage D C Johnston Realty
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