#1, #2, #3, #4 - 490 MILL STREET
OnePoint · N0H0A0
$845,000
About this residence
Attention Investors! Seize a unique opportunity in Port Elgin with this fully tenanted fourplex nestled within a distinguished century home. This property features an ideal unit mix of two spacious two-bedroom units and two well-appointed one-bedroom units, providing a diversified income stream. Benefit from the convenience of on-site shared laundry and included parking for all tenants. Currently generating a $5000 per month, this property offers immediate cash flow. Adding significant value, both one-bedroom units have been recently renovated. The main floor units boast impressive 12-foot ceilings and the home's historic detailing shines through, including stunning original wooden pocket doors dividing the living and dining spaces. This home holds so much character - it could be beautifully restored to its former glory, all while capitalizing on consistent rental income. Don't miss out on this prime investment in a desirable location within our growing community! (id:61366)
Property details
- Property type
- Multi-family
- Style
- Fourplex
- Bedrooms
- 6 (6 above)
- Bathrooms
- 4
- Storeys
- 2
- Living area
- 3,000–3,500 sq ft
- Lot size
- 66 x 132 FT
- Frontage
- 66 feet
- Parking
- 4 spaces
- Annual tax
- $4,672
- MLS®
- X12146433
- Board
- OnePoint
- Status
- Active
- Listed
- May 14, 2025
- Updated
- Jul 1, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Second level | 3.94 × 3.94 m |
| Bedroom | Second level | 3.45 × 3.47 m |
| Bedroom 2 | Second level | 3.53 × 3.61 m |
| Sunroom | Second level | 2.75 × 6.06 m |
| Kitchen | Second level | 2.25 × 4.2 m |
| Living room | Second level | 4.1 × 4.24 m |
| Bedroom | Second level | 3.48 × 3.57 m |
| Living room | Main level | 4.66 × 4.32 m |
| Bedroom | Main level | 2.71 × 3 m |
| Bedroom 2 | Main level | 4.39 × 3.7 m |
| Kitchen | Main level | 3.16 × 4.24 m |
| Sunroom | Main level | 2.75 × 5.97 m |
| Sunroom | Main level | 1.73 × 4.48 m |
| Kitchen | Main level | 2.53 × 3.39 m |
| Living room | Main level | 4.15 × 4.26 m |
| Bedroom | Main level | 2.61 × 3.73 m |
| Family room | Main level | 4.67 × 4.68 m |
| Kitchen | Second level | 3.96 × 2.03 m |
| Dining room | Second level | 3.92 × 2.91 m |
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Stove
- Microwave
Heating
- Forced air
- Natural gas
Basement
- Unfinished
Exterior
- Brick
Foundation
- Stone
Parking
- No Garage
- Shared
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$3,952/mo
Loan amount
$676,000
Down payment
$169,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
OnePoint
Nearby
About the area
Census · N0H- 53,674
- Population
- 53
- Median age
- $86,000
- Median income
- $600,000
- Median home value
- 85%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for #1, #2, #3, #4 - 490 MILL STREET?
#1, #2, #3, #4 - 490 MILL STREET is listed for $845,000, in OnePoint.
How many bedrooms and bathrooms does #1, #2, #3, #4 - 490 MILL STREET have?
It offers 6 bedrooms and 4 bathrooms.
What type of home is #1, #2, #3, #4 - 490 MILL STREET?
#1, #2, #3, #4 - 490 MILL STREET is a Multi-family, Fourplex set over 2 storeys.
How large is #1, #2, #3, #4 - 490 MILL STREET?
The home offers approximately 3,000–3,500 sq ft of living space on a lot measuring 66 x 132 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,952. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $4,672 per year.
Is there parking?
Yes — #1, #2, #3, #4 - 490 MILL STREET includes 4 parking spaces.
What is the OnePoint area like?
OnePoint has a population of about 53,674, a median age of 53, a 85% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in OnePoint?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in OnePoint?
The median household income in this area is approximately $86,000.
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