47 Elgin Avenue WGoderich (Goderich (Town)), ON N7A 2E1
Description
Turnkey investment opportunity in the heart of Goderich! This fully rented 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 - $988, Unit 2 - $1300, Unit 3 - $805, and Unit 4 - $1,000, total gross rental income: $4,093.00/month ($49,116.00 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:31684)
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Structure type
- Quadruplex
- Stories
- 2
- Lot dimensions
- 94.1 x 107.5 FT
- Parking spaces
- 4
- Listing #
- X13561448
Property Features
- Appliances
- Cooktop · Washer · Refrigerator · Dryer · Water Heater
- Cooling
- None
- Heating
- Forced Air · Natural Gas · Other
- Basement
- Unfinished
- Parking
- No Garage
- Construction
- Aluminum Siding
- Foundation
- Stone
- Utilities
- Cable Available · Sewer Available
- Water source
- Public
Rooms
Second level
- Foyer
- Primary Bedroom
- Bathroom
- Bedroom 2
- Kitchen
- Living Room
Ground level
- Primary Bedroom
- Bathroom
- Kitchen
- Living Room
Upper Level
- Primary Bedroom
- Bathroom
- Bedroom 2
- Kitchen
- Living Room
Main level
- Primary Bedroom
- Bathroom
- Bedroom 2
- Kitchen
- Laundry
- Living Room
Financial Details
- Annual taxes
- $5,643Tax year 2025
Directions
Cross Streets: Elgin Ave and South St. ** Directions: From South St at town centre turn right onto Elgin Ave.
Listing Courtesy: Coldwell Banker All Points-Festival City Realty
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