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    For Sale - 77 Montreal Street, Goderich, Ontario

    Est payment $7,923/mo
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    Views   2
    Time on Jump  151 day

    AI Summary *

    • Well-maintained legal 5 Plex near the square with diverse unit sizes.
    • All units are spacious and come with appliances for convenience.
    • Potential to add 3 more units for increased cash flow.
    • Large garage and lower level space offer additional storage options.
    • Current low occupancy allows buyers to choose tenants at market rates.




    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.
    Listing IDX12496154
    Address77 Montreal Street
    CityGoderich, Ontario
    Price$1,649,900
    Bed / Bath10 / 7 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    Land Size0.297
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Separate Heating Controls, Separate Hydro Meter, Water Heater OwnedOutdoor Features Awnings, LightingAmenities Beach, Hospital, Lake Access, Marina, Place Of Worship, School Bus RouteOwnership FreeholdBasement Development PotentialFoundation Block, StoneHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 11.00
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    Listing Agency:  Royal LePage Exchange Realty Co.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

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    77 Montreal Street
    Goderich , Ontario
    10 7 $1,649,900
    Get more info