ON > Saugeen Shores > Saugeen Shores
Saugeen Shores, ON N0H 2C4,583-585 Mill ST
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Scott Cooper

Scott Cooper

+1(705) 796-5478
$ 1,100,000
Est. payment /mo
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Active Under Contract

583-585 Mill ST Saugeen Shores, ON N0H 2C4

8 Beds

6 Baths

UPDATED:

01/30/2025 09:18 PM

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Saugeen Shores

MLS Listing ID X10402754

Style 2-Storey

Bedrooms 8

Annual Tax Amount $3,921

Tax Year 2023

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Bruce

Community Saugeen Shores

Area Bruce

Rooms

Family Room Yes

Basement Partial Basement

Kitchen 6

Interior

Interior Features None

Cooling Other

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Landscaped, Porch, Recreational Area, Year Round Living

Parking Features Private

Pool None

Waterfront Description None

Roof Type Shingles,Metal

Topography Flat

Lot Frontage 66.0

Lot Depth 132.0

Total Parking Spaces 6

Building

Foundation Concrete, Other

Listed by RE/MAX ADVANTAGE REALTY LTD.
agent

Scott Cooper

TEAM LEADER | BROKER

+1(705) 796-5478

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583-585 Mill ST