583-585 Mill St

Saugeen Shores | Saugeen Shores | N0H 2C4
  • 8
  • 6
  • 0

$1,100,000

Est. Mtg $3,729 /mo
  • Days on market

    23

  • Status

    New

Listing Broker RE/MAX ADVANTAGE REALTY LTD.
Since listed: 0 views

Home details

MLS #:

X10402754

Property type:
Multiplex
Style:
2-Storey
Taxes:
$3,921
Possession:
30 days
Lot Front:
66.0   Feet
Lot Depth:
132.0   Feet
Basement:
Part Bsmt |
Driveway Pkg:
6
Heat:
Gas | Other

Description


583-585 Mill St, , Saugeen Shores, Ontario is a Multiplex property in Saugeen Shores and in the Saugeen Shores community in the N0H 2C4 postal code


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..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-11 2024-11 $1,100,000 $1,100,000 New X10402754

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Saugeen Shores :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 583-585 Mill St

Based on available 3rd party data

$4191

Approximate costs per month

Mortgage
$3729 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$326 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker RE/MAX ADVANTAGE REALTY LTD.
Data Source: TRREB

Payment calculator

$4056 monthly. In association with: TD Bank
%
  • Principal and Interest
    3729 /mo
  • Property Taxes
    $326 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gunpreet Kochar, Realtor

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