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

Attention all investors! Here’s a fantastic opportunity you won’t want to miss: a Multi-Family Home for sale in Saugeen Shores , located at 1 2 3 4 490 Mill Street, Saugeen Shores. This impressive property is a fully tenanted multiplex that sits within a distinguished century-old home, offering a unique blend of historical charm and modern rental potential.

This Multi-Family Home for sale in Saugeen Shores features an ideal unit mix that includes two spacious two-bedroom units and two well-appointed one-bedroom units. With a total of six bedrooms and four bathrooms across 19 rooms, this property provides a diversified income stream that is perfect for savvy investors. The current rental income is an impressive £5,000 per month, ensuring immediate cash flow for the new owner.

Located at 1 2 3 4 490 Mill Street, Saugeen Shores, this property is not just about the numbers; it’s about the character and charm of the home itself. The main floor units boast magnificent 12-foot ceilings, and the historic detailing is evident throughout the property, including stunning original wooden pocket doors that elegantly separate the living and dining spaces. This Multi-Family Home for sale in Saugeen Shores is a true testament to the architectural beauty of its era, and with a little love, it could be beautifully restored to its former glory.

The building style is a classic two-storey multiplex constructed from durable brick, ensuring both longevity and low maintenance. The home is situated on a generous lot measuring 66 x 132 feet, providing ample space for tenants and future possibilities. While there is no garage space available, the property does offer unreserved parking for up to four vehicles, making it convenient for all tenants.

For those concerned about modern amenities, this Multi-Family Home for sale in Saugeen Shores is equipped with municipal water and sewer services, ensuring hassle-free living. The heating system is forced air, and while there is no central vacuum system or air conditioning, the property does have internet access, which is a must-have for today’s tenants.

It’s important to note that there is no pool or fireplace in this property, and the basement is currently unfinished. However, these features present a blank canvas for potential enhancements. The property’s age, over 100 years, adds to its historical significance and potential for appreciation in value, particularly in the growing community of Saugeen Shores.

This Multi-Family Home for sale in Saugeen Shores is strategically located at the intersection of Mill and Kaake streets, making it an attractive option for renters seeking convenience and accessibility. The vibrant community of Saugeen Shores offers a wealth of amenities, including shops, restaurants, and recreational facilities, all within easy reach.

In summary, if you’re looking for a prime investment opportunity in a desirable location, look no further than this Multi-Family Home for sale in Saugeen Shores. With its unique blend of historical charm, solid income potential, and ideal unit mix, this property is poised for success. Don’t miss out on the chance to own a piece of Saugeen Shores’ history while capitalising on consistent rental income. Contact us today to arrange a viewing of this remarkable property at 1 2 3 4 490 Mill Street, Saugeen Shores, and take the first step towards securing your investment future!

Saugeen Shores, nestled along the stunning shores of Lake Huron in Ontario, is a picturesque coastal community that offers a harmonious blend of natural beauty and vibrant local life. With its charming waterfront, sandy beaches, and scenic parks, residents can enjoy a wealth of outdoor activities, from swimming and sailing to hiking and cycling along the scenic trails. The town boasts a welcoming atmosphere, with quaint shops, delightful eateries, and a strong sense of community spirit, making it an ideal place for families and individuals alike. With its rich history and a calendar full of local events, Saugeen Shores presents a unique opportunity to embrace a relaxed yet engaging lifestyle in a stunning lakeside setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is St. Joseph’s Catholic School, situated just 0.1 km away, offering both English and French language instruction for grades JK to 8. Another nearby option is Port Elgin-Saugeen Central School, located 0.4 km from the property, which provides education in both English and French for grades JK to 6. For older students, Saugeen District Senior School is available 0.9 km away, offering French instruction for grades 7 to 12. All schools are part of reputable school boards, including the Bluewater District School Board and the Bruce-Grey Catholic District School Board. The proximity of these schools enhances the appeal of the property, providing easy access to quality education for children in the community. Whether you prefer public or Catholic schooling, there are ample options to meet your family's educational needs. With a variety of language offerings and grade levels, this area is well-suited for families seeking a nurturing environment for their children's academic growth.