77 Montreal Street Goderich, Ontario N7A 2G5

$1,649,900

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 and natural gas; 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:42776)

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

https://www.realtor.ca/real-estate/29053360/77-montreal-street-goderich-goderich-town-goderich-town