583-585 Mill Street, Saugeen Shores, ON

$1,100,000
MLS#:X10402754
8 beds
6 baths
3500-5000 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of Saugeen Shores. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,100,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 8 Bedrooms and 6 Bathrooms with 6 functional kitchens
  • Generous living space spanning 3500-5000 sqft on a premium 66 x 132 ft lot
  • Features a ["partial basement"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: None
  • equipped with ["other"] central cooling and highly efficient other heating via gas

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.

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Key Features

Bedrooms
8
Bathrooms
6
Kitchens
6
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 1, 2025
Sold price information is available to members only
Listed Date11/1/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionBrick, Vinyl Siding
Lot Size66 × 132 Feet
CountyBruce
Annual Tax$3,921.04
Legal DescriptionLT 3 BLK 68 PL 11; SAUGEEN SHORES

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeOther
Cooling["Other"]

Features

Property Features

Community Features

Location

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583-585 Mill Street, Saugeen Shores, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 583-585 Mill Street, Saugeen Shores, ON N0H 2C4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$880,000
Monthly Mortgage$5,113
Property Tax (Est.)$327
Utilities & Maint.$350
Total Monthly Cost$5,790

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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