583-585 Mill Street Saugeen Shores, Ontario N0H 2C4
$1,100,000
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:53282)
Property Details
| MLS® Number | X10402754 |
| Property Type | Multi-family |
| Community Name | Saugeen Shores |
| Features | Flat Site |
| ParkingSpaceTotal | 6 |
| Structure | Porch |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 8 |
| BedroomsTotal | 8 |
| Amenities | Fireplace(s) |
| BasementType | Partial |
| ExteriorFinish | Brick, Vinyl Siding |
| FireplacePresent | Yes |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| StoriesTotal | 2 |
| SizeInterior | 3499.9705 - 4999.958 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 132 Ft |
| SizeFrontage | 66 Ft |
| SizeIrregular | 66 X 132 Ft |
| SizeTotalText | 66 X 132 Ft|under 1/2 Acre |
| ZoningDescription | C1 |
Utilities
| Sewer | Installed |
https://www.realtor.ca/real-estate/27608835/583-585-mill-street-saugeen-shores-saugeen-shores
Interested?
Contact us for more information
Gary Robinson
Broker of Record
151 Pine Valley Blvd.
London, Ontario N6K 3T6
Becky Robinson
Broker
151 Pine Valley Blvd.
London, Ontario N6K 3T6
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 08 2024 03:50:32
RE/MAX Advantage Realty Ltd.