490 Mill Street, Unit #1, #2, #3, #4, Saugeen Shores, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Saugeen Shores. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 66 x 132 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- equipped with other central cooling and highly efficient forced air heating via gas
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!
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Property Summary
This fourplex located at 490 Mill Street, Saugeen Shores is currently for sale and has been available on SousaSells for 499 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 6 beds, 4 bathrooms, and is 3000-3500 square feet. 490 Mill Street, Saugeen Shores is in the Saugeen Shores neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Saugeen Shores, Saugeen Shores.
- •6 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Saugeen Shores, Saugeen Shores.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Saugeen Shores?
If you are looking for a house in Saugeen Shores or researching Saugeen Shores real estate for sale, this 6-bedroom fourplex at 490 Mill Street, Unit #1, #2, #3, #4, Saugeen Shores, ON offers an exceptional opportunity to buy a home in Saugeen Shores, Ontario. Whether you are a first-time Saugeen Shores home buyer or comparing active Saugeen Shores MLS® homes for sale, working with a dedicated Saugeen Shores buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Saugeen Shores realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Saugeen Shores Buyer Budget & Costs
Estimated mortgage: $2,663*/month*. Estimated Ontario Land Transfer Tax: $12,473. First-time Saugeen Shores home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Saugeen Shores
Frequently Asked Questions about 490 Mill Street, Unit #1, #2, #3, #4, Saugeen Shores, ON
Q.What is the asking price for 490 Mill Street, Unit #1, #2, #3, #4, Saugeen Shores, ON ?
The current listing price for 490 Mill Street, Unit #1, #2, #3, #4, Saugeen Shores, ON in Saugeen Shores, Saugeen Shores is $799,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 4 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 490 Mill Street, Unit #1, #2, #3, #4, Saugeen Shores, ON ?
490 Mill Street, Unit #1, #2, #3, #4, Saugeen Shores, ON is a Fourplex (2-Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Other.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Saugeen Shores, Saugeen Shores
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 490 Mill Street #1, #2, #3, #4, Saugeen Shores, ON N0H 2C0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Saugeen Shores, ON
For a property listed at $799,900 in Saugeen Shores, the legal minimum down payment is $54,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,473 for this transaction. As this listing is in Saugeen Shores (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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