Property Details

316 MILL Street, Port Elgin, Ontario, N0H2C0

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For sale, ID#: 40356075
316 MILL Street
Port Elgin Ontario
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2 + 2 Beds
2 Bath
$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:2471)

Property Details
  • Property Address: 316 MILL Street, Port Elgin, Ontario, N0H2C0
  • Property Type: Single Family
  • Zoning Description: R1A
  • Title: Freehold
  • Lot Size: 0.396
  • Acreage: 0.396 ac|under 1/2 acre
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Access: Water access, Road access
  • Driveway: Detached Garage
  • Amenities Nearby: Beach, Park, Playground, Schools, Shopping
Structure Details
  • Structure Style: House
  • Style: Detached
  • Storeys: 1
  • Floor Space: 1100
  • Building Age: 1965
  • Bedrooms: 2 + 2
  • Bathrooms: 2-Total
  • Basement Type: Full (Finished)
  • Heating Type: Natural gas, Propane, Forced air
  • Cooling: Central air conditioning
  • Exterior Type: Vinyl siding
  • Appliances Included: Dishwasher, Dryer, Microwave, Refrigerator, Satellite Dish, Stove, Washer, Range - Gas, Microwave Built-in, Window Coverings
  • Structures: Shed, Porch
Amenities / Features
  • Park/reserve
  • Beach
  • Landscaped
  • Quiet Area
  • Community Centre
Room Details
Type Level Dimensions
Bedroom Lower level 11'9'' x 9'4''
Bedroom Lower level 16'2'' x 10'3''
3pc Bathroom Lower level 9'8'' x 7'0''
Recreation room Lower level 24'11'' x 15'11''
4pc Bathroom Main level 9'10'' x 7'7''
Bedroom Main level 9'9'' x 9'8''
Primary Bedroom Main level 16'9'' x 11'5''
Kitchen Main level 12'6'' x 11'8''
Dining room Main level 9'6'' x 9'3''
Living room Main level 19'10'' x 15'8''
Neighbourhood Information

Listing Office: COLDWELL BANKER PETER BENNINGER REALTY BROKERAGE (Walkerton)

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316 MILL Street, Port Elgin, Ontario, N0H2C0

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