$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
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
Estimated mortgage payment
$3,542 per month
- Principal and interest
- $3,542
- Property tax
- $389
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $172,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
This photo could not be loaded.