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$1,450,000
Goderich
77 Montreal Street, Goderich (Goderich (Town)), Ontario, N7A2G5
This multi-family property in Goderich is for sale.
Rare opportunity in the heart of Goderich - this all-brick 5plex at 77 Montreal St is just steps from the square, ideal for investors or someone looking to live in one unit while renting out the rest. The building offers two 1-bedroom units, two 2-bedroom units, and a spacious 4-bedroom, 2-bathroom unit upstairs, giving you flexibility whether you're building a rental portfolio or house hacking your way into homeownership. Heating is gas forced air and baseboard heating, and select units offer central air for added comfort. Parking is available for every unit, and the prime downtown-adjacent location means strong, consistent tenant demand. This is a chance to own a well-located, versatile multi-unit property in one of Ontario's most sought-after small towns. Location, income and future potential all come together in this existing investment property. Beyond the existing units, this property offers valuable space for further expansion, with the potential to accommodate up to 8 units. An excellent opportunity to increase rental income, maximize the property's potential and build long-term value. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 86 days on market, against an average age of 71 days across the listings currently for sale in this city
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.
This 10-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?
Approximate location — exact address confirmed upon showing
This home lists at $1,450,000, about 19.6× the local median household income of $74,000.
Carrying it typically needs a household income of about $283,236 (20% down, 25-yr amortization, stress-tested) — roughly 283% above the area median.
Source: Statistics Canada, 2021 Census (FSA N7A)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice