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Royal LePage
Royal LePage
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$1,649,900

Goderich (Goderich (Town)) ON, N7A 2G5

MLS® # X12496154

Property Information:

Investor Alert: Welcome to Your Next Investment Opportunity. This well-maintained legal 5 Plex located just off the square in Goderich includes: 1-4 bedroom, 2-2 bedroom, and 2- 1 bedroom units. All units are spacious and include fridge, stove, and some also offer washer/dryer hookups. There's also a coin-operated washer and dryer on site. All units are separately metered, keeping the operating costs low. Units are heated by way of electric baseboard and natural gas furnace; each unit has its own hot water tank. An additional 3 units could be added with the upper 4-bedroom split into 2 units, and 2 more 1 bedrooms could be added to the unfinished lower level, increasing the cashflow on this property. The building currently has one tenant plus the owner occupying space, allowing the new owner to choose their tenants at market rents. Additional space includes a large garage for storage, extra rooms in the lower level for potential rentable storage space or a maintenance person's work area. The property is surrounded by mature trees, and the asphalt parking lot has plenty of room for parking, along with entrances off two streets. When fully occupied at market rent, this investment offers a cap rate of over 6%. Seller would work with Buyer to fill the units before closing. Don't miss the chance to own an investor's Gem in today's multi residential real estate market. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Exterior Finish: Brick
  • Fire Protection: Smoke Detectors
  • Fireplace: Yes
  • Floor Space: 5000 - 100000 sqft
  • Foundation Type: Block, Stone
  • Heating Type: Baseboard heaters, Forced air, Not known, Not known
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: Central air conditioning, Window air conditioner
  • Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 10
  • Bathrooms: 7
  • Amenities Nearby: Hospital, Marina
  • Community Features: School Bus
  • Features: Lighting, Level
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Lot Depth: 101.7 Feet
  • Lot Frontage: 126.0 Feet
  • Lot Size: 126 x 101.7 FT ; irreg
  • Utility Type: Hydro - Installed, Sewer - Installed, Cable - Installed
  • Zoning: C5
  • Sewer: Sanitary sewer
  • Parking Type: Attached garage, Garage
  • No. of Parking Spaces: 11

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 77 MONTREAL STREET, Goderich (Goderich (Town)), Ontario, N7A 2G5

Demographic Information of 77 MONTREAL STREET, Goderich (Goderich (Town)), Ontario, N7A 2G5

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,847.08

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.96 %

High school certificate or equivalent

34.05 %

Apprenticeship trade certificate/diploma

11.09 %

College/non-university certificate

24.43 %

University certificate (below bachelor)

0.79 %

University Degree

12.68 %

Commuter

Travel To Work

By Car

80.59 %

By Public Transit

0.0 %

By Walking

13.66 %

By Bicycle

1.56 %

By Other Methods

4.19 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.81 %

Houses

71.19 %

Own Vs. Rent

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