Julie Munford & Susan Molenhuis

Property Details

316 MILL Street, Port Elgin, Ontario, N0H2C0

316 MILL Street, Port Elgin, Ontario, N0H2C0 (ID 40356075)
Representative
Susan Molenhuis and Julie Munford
Sales Representatives
Sutton Group - First Choice Realty Ltd. Brokerage
Tel: 519-271-5515
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$1,550,000 - For sale

ID#:40356075

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:2471)

Location DescriptionFrom Goderich Street West on Mill Street.

Property Details
  • Property Address:316 MILL Street, Port Elgin, Ontario, N0H2C0
  • Property Type:Single Family
  • Title:Freehold
  • Lot Size:0.396 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Water access, Road access
  • Driveway:Detached Garage
Structure Details for 316 MILL Street, Port Elgin, Ontario, N0H2C0
  • Structure Style:House
  • Building Age:1965
  • Bedrooms:2+2
  • Bathrooms:2
  • Floor Space:1100
  • Heating Type:Natural gas, Propane, Forced air
  • Style:Detached
  • Architecture Style:Bungalow
  • Storeys:1
  • Basement Type:Full (Finished)
  • Cooling Type:Central air conditioning
  • Appliances Included:Dishwasher, Dryer, Microwave, Refrigerator, Satellite Dish, Stove, Washer, Range - Gas, Microwave Built-in, Window Coverings
  • Rental Equipment:Propane Tank
  • Exterior Type:Vinyl siding
Amenities for 316 MILL Street, Port Elgin, Ontario, N0H2C0 Park/reserve, Beach, Landscaped, Quiet Area, Community Centre
  • Amenities Nearby:Beach, Park, Playground, Schools, Shopping
Rooms
Type Level Dimensions
BedroomLower level11'9'' x 9'4''
BedroomLower level16'2'' x 10'3''
3pc BathroomLower level9'8'' x 7'0''
Recreation roomLower level24'11'' x 15'11''
4pc BathroomMain level9'10'' x 7'7''
BedroomMain level9'9'' x 9'8''
Primary BedroomMain level16'9'' x 11'5''
KitchenMain level12'6'' x 11'8''
Dining roomMain level9'6'' x 9'3''
Living roomMain level19'10'' x 15'8''
Representative
Susan Molenhuis and Julie Munford
Sales Representatives
Sutton Group - First Choice Realty Ltd. Brokerage
Tel: 519-271-5515
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316 MILL Street, Port Elgin, Ontario, N0H2C0

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