#1, #2, #3, #4 - 490 Mill Street

Port Elgin

#1, #2, #3, #4 - 490 Mill Street
#1, #2, #3, #4 - 490 Mill Street
#1, #2, #3, #4 - 490 Mill Street
+10
6
 bed
4
 bath
4
 parking
3000 - 3500
 sqft
Fourplex
$845,000
For Sale
63 days
 on site
$845,000
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Size
-
Lot size
8712 sqft
Street frontage
-
Possession
2025-05-31
Price per sqft
$241 - $282
Taxes
$4,279 (2024)
Parking Type
-
Style
2-Storey
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Description
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!
Broker: Royal LePage D C Johnston Realty
MLS®#: X12146433
Property details
Parking:
4
Parking type:
-
Property type:
Fourplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
3000-3500 sqft
Lot front:
66 Ft
Lot depth:
132 Ft
Listed on:
May 14, 2025
Show all details
Rooms
LevelNameSizeFeatures
Second
Living Room
13.4 x 13.9 ft
Main
Bedroom 2
14.4 x 12.1 ft
Main
Bedroom
8.9 x 9.8 ft
Show all
Instant estimate:
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$45,460
lower than listed price
i
High
$850,907
Mid
$799,540
Low
$777,790
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695 MILL Street
1/20
$849,900
285 days
695 MILL Street
6BD
6BA
5 Parking
3,000-3,500 sqft
MLS#: X10846287
RE/MAX Land Exchange Ltd.
285 days

About #1, #2, #3, #4 - 490 Mill Street

#1, #2, #3, #4 - 490 Mill Street is an Port Elgin fourplex for sale. It was listed at $845000 in May 2025 and has 6 beds and 4 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this fourplex.

Getting around the area will require a vehicle, as there are no nearby transit stops.