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$799,900

#1, #2, #3, #4 - 490 Mill Street

Saugeen Shores · MLS® X12146433

644

House · Multi-family · 528 days on market

listed by MELISA BERNER, Royal LePage D C Johnston Realty

realtor's 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

type: House, Multi-family
bedrooms: 6
bathrooms: 4
parking: 4
property tax: $4,672 / yr
days on market: 528
MLS®: X12146433

features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Microwave

monthly cost

$3,874/mo

Mortgage $3,485 · Tax $389

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$3,485/ monthly

loan $639,920

25-year amortization

down payment20% · $159,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $405,606
cash to close: $159,980; down payment; transfer tax and fees not included
total paid: $1,045,526

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.