47 Elgin Avenue W,Goderich (Goderich (Town)), ON N7A2E1
Goderich (Goderich (Town)), ON N7A2E1
Description
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:13843)
Details
| MLS # | X13561448 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 40 |
| Listing Provided By | Coldwell Banker All Points-Festival City Realty | CHAD LAFONTAINE |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,000 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas, Other |
| Appliances | Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater |
| Fireplace Yes / No | Yes |
Exterior
| Foundation Details | Stone |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5643.18 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Goderich (Goderich (Town)) |
| Postal Code | N7A2E1 |
| Listing VS Median (in N7A2E1) | |
Price: $599,999 low | high Med: $647,500 sqft: 3,000 low | high Med: 2,500 $ / sqft: $200 low | high Med: $274 On site: 40 low | high Med: 35 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Goderich (Goderich (Town)) |
| Postal Code | N7A2E1 |
| Listing VS Median (in N7A2E1) | |
Price: $599,999 low | high Med: $647,500 sqft: 3,000 low | high Med: 2,500 $ / sqft: $200 low | high Med: $274 On site: 40 low | high Med: 35 | |
