47 ELGIN AVENUE W, Goderich, Ontario N7A 2E1
$599,999.00
- 7 bedrooms
- 4 bathrooms
Turnkey investment opportunity in the heart of Goderich! This 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 - $968, Unit 2 - now vacant, Unit 3 - $790, and Unit 4 - $1,000, total gross rental income (prior to July 31,2026): $3,703/month ($44,436 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 ... read more
Turnkey investment opportunity in the heart of Goderich! This 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 - $968, Unit 2 - now vacant, Unit 3 - $790, and Unit 4 - $1,000, total gross rental income (prior to July 31,2026): $3,703/month ($44,436 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:25417)
- Listing ID: X13561448
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 94.1 by 107.5 FT |
| Parking: | No Garage 4 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Fourplex |
| Appliances: | Dryer, Refrigerator, Stove, Washer, Water Meter and Water Heater |
| HVAC: | Fireplace and Forced Air Natural Gas, Other |
| Exterior: | Aluminum Siding |
| Basement: | N/A (Unfinished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| Town: | Goderich |
| Province: | Ontario |
| Nearby Amenities: | Hospital, Park, Place Of Worship and Schools |
| Rooms | Level | Dimensions |
|---|---|---|
| Foyer | Second level | 2.13 m x 4.14 m |
| Living room | Second level | 4.18 m x 4.5 m |
| Kitchen | Second level | 3.86 m x 3.49 m |
| Primary Bedroom | Second level | 4.53 m x 2.8 m |
| Bedroom 2 | Second level | 2.62 m x 4.49 m |
| Bathroom | Second level | 1.85 m x 2.3 m |
| Living room | Main level | 6.07 m x 4.7 m |
| Kitchen | Main level | 4.5 m x 2.87 m |
| Bedroom 2 | Main level | 4.4 m x 2.82 m |
| Laundry room | Main level | 2.79 m x 1.34 m |
| Bathroom | Main level | 1.98 m x 2.41 m |
| Primary Bedroom | Main level | 3.92 m x 3.48 m |
| Living room | Upper Level | 2.88 m x 2.51 m |
| Kitchen | Upper Level | 3.71 m x 3.31 m |
| Primary Bedroom | Upper Level | 4.49 m x 3.14 m |
| Bedroom 2 | Upper Level | 3.29 m x 3.25 m |
| Bathroom | Upper Level | 3.29 m x 1.85 m |
| Living room | Ground level | 4.39 m x 3.67 m |
| Kitchen | Ground level | 4.22 m x 4.19 m |
| Primary Bedroom | Ground level | 2.96 m x 4.19 m |
| Bathroom | Ground level | 3.16 m x 1.56 m |
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