Eco Friendly
Address
48-52 Newgate Street Goderich, ON
Price
$ 2,050,000
Property Attributes
  • MLS#40164111
  • TypeMulti-Family
  • CityGoderich
  • AreaGoderich Town
  • NeighbourhoodGoderich Town
  • Postal CodeN7A 1P1
  • StyleMulti-6-9 Unit
  • Taxes$ 9370
  • Price$ 2,050,000
  • Bedrooms12
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage7528
  • Lot Size12,023 SqFt
Listing Provided Courtesy Of:
PEAK REALTY LTD.
Data Source:
Canada - Ontario Regional (ITSO) - 430 - CAN
Property Description

Well maintained, clean, up to date, turnkey operation available now !! Always rented investment property with tremendous positive cash flow located in the downtown core of Goderich, on the shores of Lake Huron, one of Canada's prettiest towns. Two separate buildings being a four plex and a five plex on one title producing a very reliable revenue stream from this 9 unit investment property featuring 4 two bedroom units, 4 one bedroom units, 1 commercial/retail/office unit and includes bonus revenue from an annual solar power generation contract. Excellent bottom line net income of approximately $80,000 per year after expenses currently resulting in a 3.9% Cap Rate with great upside potential. These sought after attractive renovated units are in a very vibrant convenient location close to all amenities and within a 15 minute walk to the main beach. Do not delay, inquire about this fantastic opportunity today !!

Price History
9/16/2021 Listed $2,050,000

General Features

Basement Walk-Up

Interior Features

Basement Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N7A 1P1

Price
AVG $2.05M
$2.05M
Visits
AVG 76
20

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