101-103 Bruce Street East, Goderich (Goderich (Town)), Ontario, N7A1S8

For salePrice drop

28 days ago

$400K$420K

↓ $20K (5%) price drop

101-103 Bruce Street East, Goderich (Goderich (Town)), Ontario, N7A1S8

6 bd2 ba4 pk2,250 ft²Lot size 60 × 104 ft (6,240 sq ft)

Listed by K.J. Talbot Realty Incorporated

5 Britannia Road West, Goderich (Goderich (Town)), Ontario, N7A2A8

For sale

82 days ago

$680K

5 Britannia Road West, Goderich (Goderich (Town)), Ontario, N7A2A8

3 bd2 ba4 pk1,750 ft²Lot size 67 × 125 ft (8,433 sq ft)

Listed by Royal LePage Heartland Realty

77 Montreal Street, Goderich (Goderich (Town)), Ontario, N7A2G5

For sale

86 days ago

$1.45M

77 Montreal Street, Goderich (Goderich (Town)), Ontario, N7A2G5

10 bd6 ba7 pkLot size 125 × 100 ft (12,500 sq ft)

Listed by RE/MAX Land Exchange Ltd

Investment analysis

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$599,999

Goderich

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$599,999

For sale

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47 Elgin Avenue West, Goderich (Goderich (Town)) - Multi-family for Sale

47 Elgin Avenue West, Goderich (Goderich (Town)), Ontario, N7A2E1

7 beds4 baths4 parking3,250 ft²94 × 108 ft (10,116 sq ft) lot sizeListed 113 days ago

Overview

This multi-family property in Goderich is for sale offering roughly 3,250 sq ft of space.

Multi-Family Properties for Sale in Goderich →All real estate in Goderich →

Description

Turnkey investment opportunity in the heart of Goderich! This fully rented fourplex offers immediate cash flow with all tenants paying their own utilities. The building features two 2-bedroom units and two 1-bedroom units with the following monthly rents: Unit 1 - $988, Unit 2 - $1300, Unit 3 - $805, and Unit 4 - $1,000, total gross rental income: $4,093.00/month ($49,116.00 annually). Landlord expenses are limited to snow removal and lawn maintenance, helping maximize your return. Ideally situated within walking distance of the historic Goderich Square, shopping, restaurants, parks, and everyday amenities. Whether you're expanding your investment portfolio or purchasing your first income property, this well-located fourplex offers strong cash flow and excellent long-term investment potential. (id:66096)

Property Details

MLS®: X13561448
Property Type: Multi-family
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 4
Parking: 4
Interior Size: 3,250 ft²
Lot Size: 94 × 108 ft (10,116 sq ft)
Frontage: 94 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Property Tax: $5,643.18/yr
Listed: 113 days ago

Rooms

Main level

Living room: 6.07 x 4.7 meters
Kitchen: 4.5 x 2.87 meters
Bedroom 2: 4.4 x 2.82 meters
Laundry room: 2.79 x 1.34 meters
Bathroom: 1.98 x 2.41 meters
Primary Bedroom: 3.92 x 3.48 meters

Second level

Foyer: 2.13 x 4.14 meters
Living room: 4.18 x 4.5 meters
Kitchen: 3.86 x 3.49 meters
Primary Bedroom: 4.53 x 2.8 meters

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
Foundation: Stone
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

113d

Goderich (Goderich (Town)) listings, avg age

71d

Price / ft²

$185

List price

$600K

Homes here sell slower than most markets

Sold homes in this market spent an average of 61 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 7-bed multi-family in Goderich (Goderich (Town)) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Coldwell Banker All Points-Festival City Realty · CHAD LAFONTAINE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7A)

This home lists at $599,999, about 8.1× the local median household income of $74,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.

Median household income: $74,000
Population: 12,495
Median age: 55.2
Owner / renter: 75% / 25%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N7A)

$599,999· $185/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,999.90

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$470/mo

Total monthly$3,603

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$8,475

Est. closing costs$4,300

Total cash needed$47,775

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