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:4069)
Address
#1, #2, #3, #4 - 490 MILL STREET
List Price
$845,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
Saugeen Shores
Bedrooms
6
Bathrooms
4
Floor Area
30,003,500 Sq. Ft.
Lot Size
66 x 132 FT Sq. Ft.
MLS® Number
X12146433
Listing Brokerage
Royal LePage D C Johnston Realty
Basement Area
N/A (Unfinished)
Postal Code
N0H2C0
Zoning
R1
Amenities
Separate Electricity Meters
