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

Saugeen Shores / Saugeen Shores, ON N0H 2C0

ActiveFor Sale
6 Beds
4 Baths
3,000 Sq Ft
8,712 Lot Sq Ft
Multi-Family
Virtual Tour Available

About This Property

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

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size3,000 sq ft
Lot Size8,712 sq ft
Bedrooms6
Bathrooms4
Postal CodeN0H 2C0
Last UpdatedAug 8, 2026 · 8:54 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12146433

Listed by Royal LePage D C Johnston Realty

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$799,900

asking price

MLS®X12146433
TypeMulti-Family
CitySaugeen Shores
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,906

/month · $639,920 mortgage

Down Payment20% — $159,980
Interest Rate5.5%

Amortization

Total Interest

$531,885

Total Cost

$1,171,805

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

Royal LePage D C Johnston Realty