316 MILL Street

Single Family For Sale in Port Elgin, Ontario

  • 4 Beds
  • 2 Baths
  • 1,100 Sq. Ft.
  • Built 1965
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)
Address 316 MILL Street
List Price $1,550,000
Property Type Single Family
Type of Dwelling House
Style of Home Bungalow
Area Ontario
Sub-Area Port Elgin
Bedrooms 4
Bathrooms 2
Floor Area 1,100 Sq. Ft.
Lot Size 0.396 Ac.
Year Built 1965
MLS® Number 40356075
Postal Code N0H2C0
Zoning R1A

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Brand Realty Group

1525 16th St E Owen Sound Ontario N4K 5N3

Office: 519 377 4611

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