Gurvinder Nokwal REALTOR®
For Sale Fourplex 522 days on market

$799,900 ↓ $45,100 from $845,000

Est. payment $3,542/moCalculate yours

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

Saugeen Shores, Saugeen Shores, ON N0H 2C0

  • 6 Beds
  • 4 Baths
  • 3,000 Sq Ft

Listing courtesy of Royal LePage D C Johnston Realty MLS® X12146433

About this home

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

Overview

Property Type
Fourplex
Style
2-Storey
For
For Sale
Status
Price Change
Approximate Age
100+
Size
3,000 sqft

Interior

Bedrooms
6
Bathrooms
4
Kitchens
4
Basement
Unfinished

Building & Systems

Heating
Forced Air (Gas)
Cooling
Other
Exterior
Brick
Foundation
Stone
Roof
Shingles
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
66 x 132 Feet
Parking
None garage · 4 total
Zoning
R1

Financial

Property Taxes
$4,672 (2025)

Location

Neighbourhood
Saugeen Shores
Cross Street
Mill & Kaake
Direction Faces
South

Listing

MLS® Number
X12146433
Days on Market
522
Listed On
2025-05-14
Listed By
Royal LePage D C Johnston Realty

Rooms

Room Level Dimensions
Living Room Second 13′ 5″ × 13′ 11″
Bedroom 2 Main 14′ 5″ × 12′ 2″
Bedroom Main 8′ 11″ × 9′ 10″
Bedroom Second 11′ 4″ × 11′ 5″
Bedroom Second 11′ 5″ × 11′ 9″
Kitchen Main 10′ 4″ × 13′ 11″
Sunroom Main 5′ 8″ × 14′ 8″
Kitchen Second 13′ 0″ × 6′ 8″
Family Room Main 15′ 4″ × 15′ 4″
Dining Room Second 12′ 10″ × 9′ 7″
Sunroom Second 9′ 0″ × 19′ 11″
Living Room Second 12′ 11″ × 12′ 11″
Kitchen Main 8′ 4″ × 11′ 1″
Living Room Main 13′ 7″ × 14′ 0″
Sunroom Main 9′ 0″ × 19′ 7″
Bedroom Main 8′ 7″ × 12′ 3″
Bedroom 2 Second 11′ 7″ × 11′ 10″
Living Room Main 15′ 3″ × 14′ 2″
Kitchen Second 7′ 5″ × 13′ 9″

Features

Interior

  • Separate Hydro Meter

Pool

  • None
Included
Kaake - Fridge, Stove, Dishwasher, Microwave. Mill - Fridge, Stove, Microwave. Dandelion - Fridge Stove, Dishwasher, Microwave. Walnut - Fridge Stove Microwave. Washer and Dryer in basement
Excluded
All tenant belongings

Mortgage calculator

Minimum for this price: $54,990 (6.87%)

Amortization, years

Estimated mortgage payment

$3,542 per month

Principal and interest
$3,542
Property tax
$389
Estimated monthly cost
$3,931

Your mortgage

Mortgage amount
$639,920
Mortgage insurance
Not needed
Interest over 25 years
$422,615

Cash to close

Down payment
$159,980
Land transfer tax
$12,473
Total, before legal fees
$172,453
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

490 Mill Street #1, #2, #3, #4, Saugeen Shores, ON N0H 2C0 Saugeen Shores, Saugeen Shores, ON N0H 2C0
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$799,900 490 Mill Street #1, #2, #3, #4, Saugeen Shores, ON N0H 2C0
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