22 days on Market

490 Mill St #1, #2, #3, #4, Saugeen Shores, Ontario N0H 2C0

Townhouse
6
4
~3000-3500 sqft
$845,000
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Townhouse
6
4
~3000-3500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$261/sqft

Est. Mortgage$3,629/mo

Tax Amount (2024)$4,279/yr

Days On Market22 days


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

Style2-Storey
View-
Age of property100+
SqFt~3000-3500 SqFt
Lot Size8,712 SqFt(132 x 66)
Parking Spaces4
MLS ®NumberX12146433
Community NameSaugeen Shores
Data SourceTRREB
Listing byRoyal LePage D C Johnston Realty

Features

Heating: Forced Air
Cooling: Other
Basement: Unfinished

2nd Floor

Br

3.45 x 3.47

W/O To Balcony

2nd Br

3.53 x 3.61

Sunroom

2.75 x 6.06

Kitchen

3.96 x 2.03


Features

Lot size: 8,712 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

May 14, 2025
ListedActive
$845,000
22 days on market
history photo preview13
Listing by trreb®
Property listed by Royal LePage D C Johnston Realty, Brokerage
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Market Data - Saugeen Shores

Geo Zone Map ThumbnailSaugeen Shores

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2024

66 days

2023

99 days

2022

33 days

New Listings

Past 30 days

3 listings

Compared to

2024

8 listings

2023

9 listings

2022

4 listings

Units sold

Past 30 days

1 unit

Compared to

2024

2 units

2023

5 units

2022

5 units

Median Sold Price

Past 30 days

$640,000

Compared to

2024

$620,750

2023

$615,900

2022

$720,000


Population and Demographics

Overview

Total population 15778
Average household income $156,249

Age (%)

65 and plus
26%
50 to 64
21%
0 to 19
20%
35 to 49
17%
20 to 34
16%

Household composition (%)

Single family
67%
Single person
30%
Multi person
2%
Multi family
0%

Mother tongue (%)

English
92%
Others
5%
French
2%

House tenancy (%)

Owners
80%
Renters
20%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget