Salehian.com 647-325-5000

490 Mill Street #1

Saugeen Shores, Saugeen Shores, N0H 2C0

$799,900

Reduced $45,100 from $845,000

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  • 6 bedrooms
  • 4 bathrooms
  • 4 parking
  • 3000-3500 sq ft

Listed 524 days ago · MLS® X12146433

About this home

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!

Details

Type
Fourplex
Style
2-Storey
Age
100+ years
Size
3000-3500 sq ft
Lot
66 × 132 ft
Basement
Unfinished
Garage
None
Kitchens
4
Property tax
$4,672 (2025)
Neighbourhood
Saugeen Shores
Municipality
Saugeen Shores

Interior

Bedrooms
6 above ground
Bathrooms
1 × 3-piece (main), 1 × 3-piece (main), 1 × 3-piece (second), 1 × 3-piece (second)
Rooms
19 above ground
Family room or den
No
Fireplace
No
Features
Separate Hydro Meter

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Shingles
Foundation
Stone
Age
100+
Faces
South
Outdoor
Porch, Barn

Parking

Total parking
4
Driveway and parking
Unreserved, Available

Lot

Size
66 × 132 ft (rectangular)
Acreage
< .50

More

Possession
Flexible
Cross street
Mill & Kaake

Rooms

RoomLevelSizeFeatures
Family RoomMain4.67 × 4.68 m (15'4" × 15'4")
Living RoomMain4.66 × 4.32 m (15'3" × 14'2")
BedroomMain2.71 × 3 m (8'11" × 9'10")
Bedroom 2Main4.39 × 3.7 m (14'5" × 12'2")
KitchenMain3.16 × 4.24 m (10'4" × 13'11")
SunroomMain2.75 × 5.97 m (9' × 19'7")
SunroomMain1.73 × 4.48 m (5'8" × 14'8")
KitchenMain2.53 × 3.39 m (8'4" × 11'1")
Living RoomMain4.15 × 4.26 m (13'7" × 14')
BedroomMain2.61 × 3.73 m (8'7" × 12'3")
KitchenSecond3.96 × 2.03 m (13' × 6'8")
Dining RoomSecond3.92 × 2.91 m (12'10" × 9'7")
Living RoomSecond3.94 × 3.94 m (12'11" × 12'11")
BedroomSecond3.45 × 3.47 m (11'4" × 11'5")W/O To Balcony
Bedroom 2Second3.53 × 3.61 m (11'7" × 11'10")
SunroomSecond2.75 × 6.06 m (9' × 19'11")
KitchenSecond2.25 × 4.2 m (7'5" × 13'9")
Living RoomSecond4.1 × 4.24 m (13'5" × 13'11")
BedroomSecond3.48 × 3.57 m (11'5" × 11'9")

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 13 cafés and restaurants, 8 parks, 2 pharmacies. Nearest park: Police Parkette (450 m).

Schools nearby

Elementary

  • St Joseph's School Catholic
    EQAO: Gr 6 reading 86%, math 32%    4 min walk
  • Port Elgin-Saugeen Central School
    EQAO: Gr 6 reading 74%, math 44%    8 min walk
  • Northport Elementary School
    EQAO: Gr 6 reading 79%, math 39%    15 min walk

Secondary

  • Saugeen District Senior School14 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N0H

Owners / renters
86% / 14%
Median household income
$86,000
Average age
48
Children under 15
14%
Homes
86% detached, 0% high-rise
Commute by transit
0%
Population
53,674

Languages spoken most at home besides English: German 0.4%, Pennsylvania German 0.3%, Urdu 0.2%, Gujarati 0.2%.

Safety

Crime Severity Index for Saugeen Shores police: 46 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal LePage D C Johnston Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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