#1, #2, #3, #4 - 490 Mill Street
Saugeen Shores, ON
- 6 bed
- 4 bath
- approx. 3000-3500 sqft
- Fourplex
- 487 days on market
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!
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $4,672
- Originally Listed
- $845,000
- Listed
- May 14, 2025
Price History
Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Stone
- Interior
- Separate Hydro Meter
- Lot Size
- 66 x 132 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Mill & Kaake
- Zoning
- R1
- Parcel Number
- 332710262
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Kaake - Fridge, Stove, Dishwasher, Microwave. Mill - Fridge, Stove, Microwave. Dandelion - Fridge Stove, Dishwasher, Microwave. Walnut - Fridge Stove Microwave. Washer and Dryer in basement
- Exclusions
- All tenant belongings
Schools
Elementary
- St Joseph's School0.2 km
Catholic · Bruce-Grey CDSB · 290 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 32% met the provincial standard
- Port Elgin-Saugeen Central School0.5 km
Public · Bluewater DSB · 625 students
Grade 3 reading: 48% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Saugeen District Senior School1 km
Public · Bluewater DSB · 275 students
Secondary
- Saugeen District Secondary School0.9 km
Public · Bluewater DSB · 730 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area N0H
- Population
- 53,674
- Private dwellings
- 34,400
- Median age
- 52.8
- Average household size
- 2.3
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Saugeen Shores · last 12 months
- Median sold price
- $662,500
- Homes sold
- 274
- Median days on market
- 37
- Sale-to-list price
- 97.4%
Based on 274 recorded sales of residential freehold properties in Saugeen Shores over the last 12 months.
Rooms
3-piece on Main, 3-piece on Main, 3-piece on Second, 3-piece on Second
Second
- Bedroom11'4" x 11'5"
- Bedroom11'5" x 11'9"
- Bedroom 211'7" x 11'10"
- Dining Room12'10" x 9'7"
- Kitchen13' x 6'8"
- Kitchen7'5" x 13'9"
- Living Room13'5" x 13'11"
- Living Room12'11" x 12'11"
- Sunroom9' x 19'11"
Main
- Bedroom8'11" x 9'10"
- Bedroom8'7" x 12'3"
- Bedroom 214'5" x 12'2"
- Family Room15'4" x 15'4"
- Kitchen10'4" x 13'11"
- Kitchen8'4" x 11'1"
- Living Room13'7" x 14'
- Living Room15'3" x 14'2"
- Sunroom5'8" x 14'8"
- Sunroom9' x 19'7"
Listed by
Royal LePage D C Johnston Realty
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$159,980
Estimated Monthly Payment
$3,930
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,930/mo (20% down, 5.5%)
Taxes: $389/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
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