583-585 Mill Street, Saugeen Shores | Image 1

583-585 Mill Street

Saugeen Shores, Saugeen Shores

  • 8 bed 6 bath 3500 sqft
$1,100,000 est.*: $3,726/mo
For Sale

Added 1 month ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Size: 3500 sqft

  • Lot Size: 66 x 132 Feet

  • Age: No Data

  • Taxes: $3,921 per year

  • Days on Site: 7 Days

  • Added: Nov 01, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X10402754

  • Listed By: Re/max advantage realty ltd.

You will receive approximately $9600 gross income every month from the day you close on this fully 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.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Size (sq ft): 3500

  • Area: Saugeen Shores

  • Community: Saugeen Shores

  • Availability Date: 30 days

Inside

  • Bedrooms: 8

  • Bathrooms: 6

  • Kitchens: 6

  • Rooms: 14

  • Den/Family Room: Yes

  • Air Conditioning: Other

  • Fireplace: Yes

  • Laundry Level: Main

  • Washrooms: 6

Utilities

  • Electricity: Yes

  • Gas: Yes

Building

  • Basement: Part Bsmt

  • Heat Type: Other

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Private

  • Garage Type: None

  • Covered Parking Spaces: 6

  • Total Parking Spaces: 6

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 3 BLK 68 PL 11; SAUGEEN SHORES

  • Taxes: $3,921

Land

  • Cross Street: Port Elgin - Hwy 21,

  • Municipality District: Saugeen Shores

  • Fronting On: North

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 132 Feet

  • Lot Frontage: 66 Feet

  • Acres: < .50

  • Zoning: C1

  • Waterfront: None

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Very Walkable

  • Most errands can be accomplished on foot.
89 /100

Bikeable

  • Some errands can be accomplished on bike.
67 /100
Join or Sign in • See photos & sold data
 ResidentialProperty 291 Mill Street
Sold Jun 15, 2022
$X,XXX,XXX
  • — bath
  • — bed

291 Mill Street, Saugeen Shores, Ontario • N0H 2C0

Map of 583-585 Mill Street, Saugeen Shores
JK-8

Paisley Central School

Elementary: Public
18.02 km
JK-8

St Joseph's School

Elementary: Catholic
0.36 km
JK-8

G C Huston Public School

Elementary: Public
6.76 km
JK-8

Arran Tara Elementary School

Elementary: Public
19.33 km
JK-8

Northport Elementary School

Elementary: Public
1.05 km
JK-8

Port Elgin-Saugeen Central School

Elementary: Public
0.58 km
9-12

Peninsula Shores District School

Secondary: Public
38.63 km
9-12

Walkerton District Community School

Secondary: Public
40.47 km
9-12

Kincardine District Secondary School

Secondary: Public
34.68 km
9-12

Saugeen District Secondary School

Secondary: Public
0.68 km
9-12

Sacred Heart High School

Secondary: Catholic
39.66 km
9-12

Owen Sound District Secondary School

Secondary: Public
36.98 km

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