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Home ON Saugeen Shores
583-585 MILL STREET
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583-585 MILL STREET $1,100,000
$1,100,000
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583-585 MILL STREET
Saugeen Shores, Ontario N0H2C4

MLS® Number: X10402754
8
Bedrooms
6
Bathrooms
3500 - 5000
Square Feet

Listing Description

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. (38011589)

Location Description

Port Elgin - Hwy 21, turn west on Mill St to Property

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Square Footage
3500 - 5000 sqft
Community Name
Saugeen Shores
Land Size
66 x 132 FT|under 1/2 acre
Annual Property Taxes
$3,921.04
Total Parking Spaces
6
Time on REALTOR.ca
14 days

Building

Bedrooms
Above Grade
8
Bathrooms
Total
6
Interior Features
Basement Type
Partial
Building Features
Features
Flat site
Foundation Type
Concrete
Building Amenities
Fireplace(s)
Structures
Porch
Heating & Cooling
Heating Type
Other (Natural gas)
Utilities
Utility Type
Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Parking
Total Parking Spaces
6

Measurements

Square Footage
3500 - 5000 sqft

Land

Lot Features
Frontage
66 ft
Land Depth
132 ft
Landscape Features
Landscaped
Other Property Information
Zoning Description
C1
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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