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
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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

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    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.

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