For Sale

583-585 Mill Street Unit# 583, Saugeen Shores, Ontario N0H2C4

$1,100,000

583-585 Mill Street Unit# 583, Saugeen Shores, Ontario N0H2C4 is For Sale and has a listing price of 1,100,000. The property is located in the Saugeen Shores neighbourhood. It's been on the website for 12 Days.

  • Multi-family
    Property Type
  • Other
    Building Type
  • 8
    Bedrooms
  • 6
    Bathrooms
  • 6
    Parking Spaces
  • MLS ID: X10402754
  • Office Name RE/MAX ADVANTAGE REALTY LTD.,RE/MAX ADVANTAGE REAL
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. (id:43137)

Property Details
  • Bedrooms: 8
  • MLS ID: X10402754
  • Bathrooms: 6
  • Price: $1,100,000
  • Transaction Types: For Sale
  • Ref ID: 27608835
  • Year Built: N/A
  • Building Type: Other
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
11/01/2024 X10402754 $1,100,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Saugeen Shores
  • $781,607 Average List Price
    based on 1 year
  • 52 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 191.2 % Up
  • Sold (12mo) 14
  • Rented (12mo) 1

  • 1 Month Change +20.0%
  • 3 Month Change +11.7%
  • 6 Month Change +3.3%
Walkscore
Property Type Distribution
  • All Houses
    71.79%
  • Commercial
    19.38%
  • Condo
    3.72%
  • Land for Sale
    5.1%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Basement2 Partial
  • Heating System Other
  • Water Municipal Water
  • Exterior Brick, Vinyl Siding
  • Total Parking Spaces: 6
  • Property Features Flat Site
  • Fireplace True
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 01/11/2024 00:00:00
  • Zoning R2m
  • Agent Name: GARY ROBINSON,BECKY ROBINSON
  • Last Updated: 08/11/2024 15:50:32
Open House Dates
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