316 MILL Street
Come check out this amazing cottage income property! Situated just a few blocks from Port Elgin's main beach, this one of a kind property features a 1,100 sq. ft. bungalow, 6 rental cottages, a garage, shed, shower/recycle/garbage building. You could live in the bungalow and rent out the cottages or rent it all! Lots of improvements done over the years, most recently (2022) 5 out of 6 cottages each have a fresh coat of paint, an upgraded propane tank, and ductless heat/AC unit. Cottage #1 runs on electric heat only, no AC. Cottages #2-6 have a ductless heat and AC unit, as well as back-up electric & propane heating for when temperatures drop below -5C. The house has new flooring, new furnace (2021), new railing on the front porch (19x6), new back deck (27x15), new boundary fence. Furniture & appliances have been regularly upkept and upgraded as needed, including 2 new stoves and 3 new fridges. Roof Shingles replaced (2012). TONS of potential cash flow for a great investment. The house has four bedrooms, 2 baths, and a finished basement. Cottage #1 has two bedrooms, one bath, and has had year round tenants since the property was purchased by the current owner. Cottage #2 and #3 each have two bedrooms, a four piece bath, sleeps 5. Cottage #4 has two bedrooms and a three piece bath, sleeps 4. Cottage #5 has one bedroom and a four piece bath, sleeps 4 Cottage #6 has three bedrooms and a four piece bath, sleeps 5. Non insulated 1 car garage with built in shelving storage and cement floors. There is also a separate garden shed. Shower shed with garbage and recycling room attached. Potential to include a washer/ dryer room for your cottagers. Don't miss out on this amazing investment opportunity and everything that beautiful Saugeen Shores has to offer! (id:4069)
316 MILL Street | |
Single Family | |
House | |
Bungalow | |
$1,550,000 | |
Ontario | |
Port Elgin | |
40356075 | |
COLDWELL BANKER PETER BENNINGER REALTY BROKERAGE (Walkerton) | |
1,100 | |
4 | |
2 | |
1965 | |
0.396 | |
Full (Finished) | |
$1,550,000 | |
N0H2C0 | |
R1A | |
Beach, Park, Playground, Schools, Shopping | |
Park/ reserve, Beach | |