For Sale

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

$845,000

490 Mill Street Unit# #1, #2, #3, #4, Saugeen Shores, Ontario N0H 2C0 is For Sale and has a listing price of 845,000. The property is located in the Saugeen Shores neighbourhood . It's been on the website for 83 Days.

  • Fourplex
    Property Type
  • 6
    Bedrooms
  • 4
    Bathrooms
  • Parking
  • MLS ID: X12146433
  • Office Name Royal LePage D C Johnston Realty
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 Details
  • Bedrooms: 6
  • MLS ID: X12146433
  • Bathrooms: 4
  • Price: $845,000
  • Lot Depth: 132
  • Transaction Types: For Sale
  • Ref ID: X12146433
  • Year Built: N/A
  • Approx Sqft: 3000-3500
  • Dir / Cross St: Mill & Kaake
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 100+
  • Property Type: Fourplex
  • Property Type: All Houses
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
05/14/2025 X12146433 $845,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Saugeen Shores
  • $768,845 Average List Price
    based on 1 year
  • 6 New Listings
    based on 30 days
  • 156 Median Days on Market
    based on 1 year
  • List vs. Selling Price 101.03 % Up
  • Sold (12mo) 73
  • Rented (12mo) 16

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 88 Walk Score
    Very Walkable
  • 67 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    74.12%
  • Commercial
    16.09%
  • Condo
    7.85%
  • Land for Sale
    1.95%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style 2-storey
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: 4
  • Exterior Brick
  • Kitchen 4
  • Parking Y
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 4 # Pcs: 3
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Washrooms Type 4: 1
  • Taxes: $4,279
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 14/05/2025 12:02:11
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