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583-585 MILL STREET, Saugeen Shores, Ontario, N0H 2C4

MLS® # X10402754
Investment For Sale In Saugeen Shores, Ontario
$1,100,000
583-585 Mill Street, Saugeen Shores, ON - Outdoor
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583-585 MILL STREET, Saugeen Shores, Ontario, N0H 2C4
$1,100,000

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities:
  • Basement Type: Partial
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace: Yes
  • Foundation Type: Concrete
  • Heating Type: Other
  • Heating Fuel: Natural gas

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 6
  • Features: Flat site
  • Irregular: Yes
  • Landscape Features: Landscaped
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 66.0 Feet
  • Lot Size: 66 x 132 FT
  • Structure Type: Porch
  • Utility Type: Sewer - Installed
  • Zoning: C1
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 6

Courtesy of: RE/MAX ADVANTAGE REALTY LTD.

REALTOR.ca  

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Location of 583-585 MILL STREET, Saugeen Shores, Ontario, N0H 2C4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

43/100

Moderate

ClimateCheck®

Current data

This property, 583-585 MILL STREET , experiences 7 hot days per year at around 29.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 32.9 degrees Celsius.

Projected Avg. Temperature

Past
29.5℃
2050
32.9℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

70/100

Moderate-High

ClimateCheck®

Current data

This property, 583-585 MILL STREET , experiences 12 significant 2-day storms per year, with about 322.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 15 significant 2-day storms with 412.8mm of precipitation per year.

Precipitation Per Storm

Past
322.5mm
2050
412.8mm

48-Hour Storms Per Year

Past
12
2050
15

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 583-585 MILL STREET, Saugeen Shores, Ontario, N0H 2C4

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$119,304.13

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.99 %

High school certificate or equivalent

30.41 %

Apprenticeship trade certificate/diploma

10.79 %

College/non-university certificate

26.35 %

University certificate (below bachelor)

1.41 %

University Degree

17.05 %

Commuter

Travel To Work

By Car

82.4 %

By Public Transit

0.0 %

By Walking

11.97 %

By Bicycle

1.82 %

By Other Methods

3.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.4 %

Houses

78.6 %

Own Vs. Rent

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