59 North Street, Goderich, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Goderich (Town). Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,250,000 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 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 69.63 x 156.42 ft lot
- Features a apartment, separate entrance, finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: In-Law Suite, Separate Hydro Meter, Water Heater
- Efficient radiant heating via gas
Description
Welcome to 59 North Street, an investment opportunity in the heart of Goderich! This six-unit residential income property features five one-bedroom apartments and one two-bedroom apartment, with each unit separately metered to help simplify utility management and operating expenses. Ideally situated in a high-demand rental area, the property is within walking distance of downtown, shopping, offices, parks, and the beautiful shores of Lake Huron, making it an attractive location for tenants. Several units are currently vacant, providing the opportunity for a new owner to set market rents and implement their own property management strategy. Extensive renovations have been completed throughout the building, and the property is fully compliant with current fire code requirements, offering added peace of mind. Additional highlights include a spacious rear yard and a storage shed, providing valuable outdoor space and convenient storage. Whether you're looking to expand your investment portfolio or acquire an income-producing property, 59 North Street offers an excellent opportunity in one of Ontario's most desirable lakefront communities.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Library, Place Of Worship, Rec./Commun.Centre, Level, Hospital, Marina
Interior Features
In-Law Suite, Separate Hydro Meter, Water Heater, Water Heater Owned
Security Features
Community Features
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 59 North Street N, Goderich, ON N7A 2T5
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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 $1,250,000 in Goderich, the legal minimum down payment is $250,000 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 $21,475 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 $21,475.
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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.