583-585 Mill Street Saugeen Shores, ON N0H 2C4
4,055 SqFt
UPDATED:
11/13/2024 03:52 PM
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,055 sqft
Price per Sqft $271
MLS Listing ID 40672965
Abv Grd Liv Area 4,055
Originating Board The Lakelands
Annual Tax Amount $3,921
Property Description
rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz
countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a
convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The
grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value
investors, cash flow positive investors, new investors or an investor that wants to live in one of the
apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net
income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and
insurance.
Location
Province ON
County Bruce
Area 4 - Saugeen Shores
Zoning C1
Direction Port Elgin - HWY 21, turn west on Mill St. to property.
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features Other
Heating Fireplace(s), Other
Cooling Ductless
Fireplace Yes
Laundry Shared
Exterior
Exterior Feature Landscaped, Recreational Area, Year Round Living
Waterfront No
Roof Type Metal,Shingle
Porch Porch
Lot Frontage 66.0
Lot Depth 132.0
Garage No
Building
Lot Description Quiet Area, Other
Faces Port Elgin - HWY 21, turn west on Mill St. to property.
Story 2
Foundation Concrete Block, Other
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 332710197
Ownership Freehold/None