47 Elgin Avenue, Goderich, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Goderich (Town). Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $599,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 94.1 x 107.47 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter, Water Heater
- Efficient forced air heating via gas
Description
Turnkey investment opportunity in the heart of Goderich! This fully tenanted 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 - $968, Unit 2 - $945, Unit 3 - $790, and Unit 4 - $1,000, for a total gross rental income of $3,703 per month ($44,436 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.
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Property Summary
This fourplex located at 47 Elgin Avenue, Goderich is currently for sale and has been available on SousaSells for 3 days. This property is listed at $599,999 with an estimated mortgage of $1,997* per month. It has 7 beds, 4 bathrooms, and is 3000-3500 square feet. 47 Elgin Avenue, Goderich is in the Goderich (Town) neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Hospital, Library, Park, Place Of Worship, School
Interior Features
Separate Heating Controls, Separate Hydro Meter, Water Heater, Water Meter
Security Features
Community Features
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Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 47 Elgin Avenue W, Goderich, ON N7A 2E1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Goderich, ON
For a property listed at $599,999 in Goderich, the legal minimum down payment is $35,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,475 for this transaction. As this listing is in Goderich (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.