$845,000
5.52 BTC
Photos
Map
490 Mill Street #1, #2, #3, #4, Saugeen Shores
$845,000
PRICE
6
BEDROOMS
4
BATHROOMS
X12146433
MLSID

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

Address
490 Mill Street #1, #2, #3, #4
MLSID
X12146433
Property Type
Fourplex
Property Category
Bedrooms
6
Bathrooms
4
Kitchens
4
Zoning
R1
Taxes (Annual)
$4,279.00
Tax Year
2024
Published
May 14, 2025
Days on Market
114 Days
Possession Type
Flexible
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Inclusions

Kaake - Fridge, Stove, Dishwasher, Microwave. Mill - Fridge, Stove, Microwave. Dandelion - Fridge Stove, Dishwasher, Microwave. Walnut - Fridge Stove Microwave. Washer and Dryer in basement

Exclusions

All tenant belongings

Details

Bathroom 1
3-Piece Main Level
Bathroom 2
3-Piece Main Level
Bathroom 3
3-Piece Second Level
Bathroom 4
3-Piece Second Level
Parking Spaces
4
Parking Total
4
Parking Features
Unreserved, Available
Architectural Style
2-Storey
Roof
Shingles
Construction Materials
Brick
Lot Size
8,712
Lot Width
66 Feet
Lot Depth
132 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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