(705) 888-0201

For local information and real estate questions
316 MILL Street Port Elgin

316 MILL Street, Port Elgin

$1,550,000

  • 4
  • 2
1,100 Square Feet
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:45839)
  • Listing ID: 40356075
  • Property Type: Single Family
  • Year Built: 1965
View Additional Photos
Schedule a Showing
Get More Information

Rooms

LevelTypeDimensions
Lower LevelBedroom11'9'' x 9'4''
Lower LevelBedroom16'2'' x 10'3''
Lower Level3pc Bathroom9'8'' x 7'0''
Lower LevelRecreation Room24'11'' x 15'11''
Main Level4pc Bathroom9'10'' x 7'7''
Main LevelBedroom9'9'' x 9'8''
Main LevelPrimary Bedroom16'9'' x 11'5''
Main LevelKitchen12'6'' x 11'8''
Main LevelDining Room9'6'' x 9'3''
Main LevelLiving Room19'10'' x 15'8''

Details

  • Architectural Style: Bungalow
  • Amenities Nearby: Beach, Park, Playground, Schools, Shopping
  • Community Features: Quiet Area, Community Centre
  • Equipment: Propane Tank
  • Features: Park/reserve, Beach
  • Ownership: Freehold
  • Rental Equipment: Propane Tank
  • Structure: Shed, Porch
  • Transaction: For sale
  • Zoning Description: R1A

Building

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Satellite Dish, Stove, Washer, Range - Gas, Microwave Built-in, Window Coverings
  • Architectural Style: Bungalow
  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Bedrooms Main Level: 2
  • Bedrooms Lower Level: 2
  • Constructed Date: 1965
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Exterior Finish: Vinyl siding
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas, Propane
  • Size Interior: 1100.0000
  • Stories Total: 1
  • Type: House
  • Utility Water: Municipal water

Land

  • Access Type: Water access, Road access
  • Amenities: Beach, Park, Playground, Schools, Shopping
  • Fence: Partially fenced
  • Landscape Features: Landscaped
  • Sewer: Municipal sewage system
  • Size Depth: 129 ft
  • Size Frontage: 133 ft
  • Size Irregular: 0.396
  • Size Total: 0.396 ac|under 1/2 acre

REALTOR® MLS®
Listing provided by COLDWELL BANKER PETER BENNINGER REALTY BROKERAGE (Walkerton)
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

Powered by REALTOR®
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.

    Request More Information

    Looking for more information or to schedule a showing? Contact Christine Smith today.

    Are you under contract with a real estate agent or REALTOR®?
    YesNo

    You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

    This property for sale located at 316 MILL Street in Port Elgin was last modified on January 17th 2023. Contact Christine Smith today and schedule a viewing or subscribe to other properties for sale in Port Elgin.

    Request a Showing

      Your Preferences

      Are you under contract with a real estate agent or REALTOR®?YesNo

      You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

      Are you a real estate agent or REALTOR®?YesNo

      You've indicated that you are a REALTOR® looking to schedule an appointment. This is not a Royal LePage Locations North property and I cannot schedule a showing request. Please contact the listing agent.

      When are you available?

      Terms of Use Agreement

      Terms of Use
      This website is operated by Royal LePage Locations North, a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Royal LePage Locations North, and CREA.

      Copyright
      The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

      Trademarks
      REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

      Liability and Warranty Disclaimer
      The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

      Amendments
      Royal LePage Locations North may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

      AgreeDecline