77 Montreal Street, Goderich, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Goderich (Town). Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,900,000 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.
- 10 Bedrooms and 7 Bathrooms with 5 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 126.04 x 101.73 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 11.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Separate Heating Controls, Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Investors take note! With approximately 10,800 sq. ft. of combined finished and development ready floorspace on all levels combined, the income potential here is palpable! Currently set up as a functional and legal 5-plex with strong income potential in its current, turn-key state, this property also features a number of unique development opportunities to expand your investment further well beyond current average CAP rates even after including further development costs! Each unit is large and spacious for their respective bedroom counts. There are two 1 bed units, two 2-beds, and a surprisingly large 4 bedroom unit! With extra, unused gas meter hubs, plenty of additional hydro meter slots, unfinished basement for development access or additional units, and plenty of parking space, a savvy investor will find plenty of opportunity waiting to be unlocked.
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Property Summary
This multiplex located at 77 Montreal Street, Goderich is currently for sale and has been available on SousaSells for 584 days. This property is listed at $1,900,000 with an estimated mortgage of $6,324* per month. It has 10 beds, 7 bathrooms, and is 5000 + square feet. 77 Montreal Street, 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
Lake/Pond, Library, Other, Park, Place Of Worship, School
Interior Features
Separate Heating Controls, Separate Hydro Meter
Security Features
Community Features
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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 77 Montreal Street, Goderich, ON N7A 2G5
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 $1,900,000 in Goderich, the legal minimum down payment is $380,000 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 $34,475 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 $34,475.
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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.