March 25, 2024
- 10 min read
77 Montreal Street Goderich, Ontario N7A 2G5
$1,649,900
10 Bedroom
7 Bathroom
5,000 - 100,000 ft2
Fireplace
Central Air Conditioning, Window Air Conditioner
Baseboard Heaters, Forced Air, Not Known
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:36109)
Property Details
| MLS® Number | X12496154 |
| Property Type | Multi-family |
| Community Name | Goderich (Town) |
| Amenities Near By | Beach, Hospital, Marina, Place Of Worship |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Lighting, Level |
| Parking Space Total | 11 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Age | 100+ Years |
| Amenities | Fireplace(s), Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator |
| Cooling Type | Central Air Conditioning, Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Fireplace Present | Yes |
| Foundation Type | Block, Stone |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air, Not Known |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Beach, Hospital, Marina, Place Of Worship |
| Sewer | Sanitary Sewer |
| Size Depth | 101 Ft ,8 In |
| Size Frontage | 126 Ft |
| Size Irregular | 126 X 101.7 Ft ; Irreg |
| Size Total Text | 126 X 101.7 Ft ; Irreg |
| Zoning Description | C5 |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
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77 Montreal Street
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Royal LePage Exchange Realty Co.
November 01 2025 01:50:08
