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Front of Unit #1, #2, #3, #4, 490 Mill Street

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

Saugeen Shores
For Sale
1/13
Ontario Real Estate › Saugeen Shores
Front of Unit #1, #2, #3, #4, 490 Mill Street

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

Saugeen Shores
For Sale
See all 13 photos
MultiplexMLS X12146433
Listed for:Listed 17 months ago
$799,900
Estimated Rebate:$7,999Cashback
6 Bedrooms
4 Bathrooms
4 Parking
3K~3.5K Sq.Ft.
66 x 132 ft Lot
$4,279 Tax/yr
Kim Karimi
Kim Karimi

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About this home

Unit #1, #2, #3, #4, 490 Mill Street, Saugeen Shores

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!

Separate Hydro MeterPorch

Facts & features

TypeMultiplex
Style2-storey
Built100+
Size3K~3.5K Sq.Ft.
Lot66 x 132 ft
Tax$4,279 (2024)
HeatingForced air, gas
CoolingOther
BasementUnfinished
Parking4 drive
WaterMunicipal

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Rooms

19 rooms · 4 bathrooms
Main floor10 rooms
  • Family room15′4″ × 15′4″235 sq.ft.
  • Living room15′3″ × 14′2″217 sq.ft.
  • Bedroom8′11″ × 9′10″88 sq.ft.
  • Bedroom 214′5″ × 12′2″175 sq.ft.
  • Kitchen10′4″ × 13′11″144 sq.ft.
  • Sunroom9′ × 19′7″177 sq.ft.
  • Sunroom5′8″ × 14′8″83 sq.ft.
  • Kitchen8′4″ × 11′1″92 sq.ft.
  • Living room13′7″ × 14′190 sq.ft.
  • Bedroom8′7″ × 12′3″105 sq.ft.
Second floor9 rooms
  • Kitchen13′ × 6′8″87 sq.ft.
  • Dining room12′10″ × 9′7″123 sq.ft.
  • Living room12′11″ × 12′11″167 sq.ft.
  • Bedroom11′4″ × 11′5″129 sq.ft.
  • Bedroom 211′7″ × 11′10″137 sq.ft.
  • Sunroom9′ × 19′11″179 sq.ft.
  • Kitchen7′5″ × 13′9″102 sq.ft.
  • Living room13′5″ × 13′11″187 sq.ft.
  • Bedroom11′5″ × 11′9″134 sq.ft.
Bathrooms4
3-pcMain3-pcMain3-pcSecond3-pcSecond

Around this home

Mill & Kaake

Listing details

MLS® numberX12146433
Listed onMay 14, 2025
Days on market534
UpdatedJul 1, 2026
Listing brokerageRoyal LePage D C Johnston Realty
Possession2025-05-31 / Flexible

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© 2026 HOMEH Inc., Brokerage · RECO Registration #6000380 · 505 Highway 7 East, Units 308 & 309, Thornhill, ON L3T 7T1 · Listing data courtesy of the MLS® System of the listing brokerage, deemed reliable but not guaranteed.

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