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$1,100,000
Available - For Sale
Listing ID: X10402754
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.
Price $1,100,000
Taxes: $3,921.04
Address: 583-585 Mill St , Saugeen Shores, N0H 2C4, Ontario
Lot Size: 66 x 132 (Feet)
Acreage: < .50
Directions/Cross Streets: Port Elgin - Hwy 21, turn west on Mill St to Property
Rooms: 14
Bedrooms: 8
Washrooms: 6
Kitchens: 6
Family Room: Y
Basement: Part Bsmt
No. of Pieces Level
Washroom 1:  4 Ground
Washroom 2:  3 Ground
Washroom 3:  4 2nd
Washroom 4:  3 2nd
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Vinyl Siding
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 6
Pool: None
Approximatly Square Footage: 3500-5000
Fireplace/Stove: Y
Heat Source: Gas
Heat Type: Other
Central Air Conditioning: Other
Laundry Level: Main
Sewers: Sewers
Water: Municipal
Utilities-Hydro: Y
Utilities-Gas: Y
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX ADVANTAGE REALTY LTD.

583-585 Mill St , Saugeen Shores, N0H 2C4, Ontario

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Freehold - Multiplex
Area: Bruce
Municipality: Saugeen Shores
Neighbourhood: Saugeen Shores
Style: 2-Storey
Lot Size: 66.00 x 132.00(Feet)
Approximate Age:
Tax: $3,921.04
Maintenance Fee: $0
Beds: 8
Baths: 6
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908