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

$1,050,000

Est. payment /mo

$1,100,000

4.5%
Est.Price: ?

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

8 Beds

6 Baths

SOLD DATE : 04/15/2025

Key Details

Sold Price $1,050,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Saugeen Shores

MLS Listing ID X10402754

Sold Date 04/15/25

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

State ON

County Bruce

Community Saugeen Shores

Area Bruce

Zoning C1

Rooms

Family Room Yes

Basement Partial Basement

Kitchen 6

Interior

Interior Features None

Cooling Other

Fireplaces Type Natural Gas

Exterior

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

Parking Features Private

Pool None

Roof Type Shingles,Metal

Lot Frontage 66.0

Lot Depth 132.0

Total Parking Spaces 6

Building

Foundation Concrete, Other

Others

ParcelsYN No

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Listed by RE/MAX ADVANTAGE REALTY LTD.
Max Ortoli

Max Ortoli

+1(416) 398-1111

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