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$1,649,900

Est. payment - /mo

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10 Beds

7 Baths

Active

77 Montreal ST Goderich, ON N7A 2G5

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Kenneth Yim

ken@broadviewavenue.ca +1(647) 496-2269

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Goderich (Town)

MLS Listing ID X12496154

Style 2-Storey

Bedrooms 10

Annual Tax Amount $6,588

Tax Year 2024

Property Sub-Type Multiplex

Lot Depth 101.73

Lot Front 126.04

Property Description

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.

Location

Province ON

County Huron

Area Huron

Rooms

Family Room Yes

Basement Development Potential

Kitchen 5

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter, Water Heater Owned

Cooling Central Air, Window Unit(s)

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Electric

Exterior

Exterior Feature Awnings, Lighting

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle,Membrane,Tar and Gravel

Topography Level

Lot Frontage 126.04

Lot Depth 101.73

Total Parking Spaces 11

Building

Building Age 100+

Unit Features Beach,Hospital,Lake Access,Marina,Place Of Worship,School Bus Route

Foundation Block, Stone

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by Royal LePage Exchange Realty Co.

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Kenneth Yim

Broker of Record | License ID: 9524831

+1(647) 496-2269

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