Listed by Royal Lepage D C Johnston Realty.

#1, #2, #3, #4-490 Mill Street is a Fourplex, 2-Storey and is currently for Sale @ $845,000. Taxes in 2024 were $4,279.00.

More homes for sale under 800k in Saugeen Shores

Attention Investors! Seize a unique opportunity in Port Elgin with this fully tenanted fourplex nestled within a distinguished century home. The 2-Storey on #1, #2, #3, #4-490 Mill Street has 6 bedrooms, 4 bathrooms, and is located on a 132 x 66 ft loton < .50 acres in the community of Saugeen Shores . 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!

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

The address #1, #2, #3, #4-490 Mill Street was listed for sale (MLS# X12146433) on Wednesday, May 14, 2025.