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316 Mill Street Port Elgin, Ontario N0H 2C0

4 Bedroom 2 Bathroom 1100
Bungalow Central Air Conditioning Forced Air Landscaped

$1,550,000

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:47237)

Property Details

MLS® Number 40356075
Property Type Single Family
Amenities Near By Beach, Park, Playground, Schools, Shopping
Community Features Quiet Area, Community Centre
Equipment Type Propane Tank
Features Park/reserve, Beach
Rental Equipment Type Propane Tank
Structure Shed, Porch

Building

Bathroom Total 2
Bedrooms Above Ground 2
Bedrooms Below Ground 2
Bedrooms Total 4
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Satellite Dish, Stove, Washer, Range - Gas, Microwave Built-in, Window Coverings
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1965
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Heating Fuel Natural Gas, Propane
Heating Type Forced Air
Stories Total 1
Size Interior 1100
Type House
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Water Access, Road Access
Acreage No
Fence Type Partially Fenced
Land Amenities Beach, Park, Playground, Schools, Shopping
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
Size Total Text 0.396 Ac|under 1/2 Acre
Zoning Description R1a

Rooms

Level Type Dimensions
Lower Level Bedroom 11'9'' x 9'4''
Lower Level Bedroom 16'2'' x 10'3''
Lower Level 3pc Bathroom 9'8'' x 7'0''
Lower Level Recreation Room 24'11'' x 15'11''
Main Level 4pc Bathroom 9'10'' x 7'7''
Main Level Bedroom 9'9'' x 9'8''
Main Level Primary Bedroom 16'9'' x 11'5''
Main Level Kitchen 12'6'' x 11'8''
Main Level Dining Room 9'6'' x 9'3''
Main Level Living Room 19'10'' x 15'8''

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/25193321/316-mill-street-port-elgin

Logan Lamont
Broker

(519) 889-2512
(519) 881-1894

Coldwell Banker Peter Benninger Realty Brokerage (Walkerton)
120 Jackson St S
Walkerton, Ontario N0G 2V0

(519) 881-2551
(519) 881-1894

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