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 $1,649,900 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 development potential 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, Water Heater Owned
- equipped with central air, window unit(s) central cooling and highly efficient baseboard heating via electric
Description
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 baseboard and natural gas furnace; 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.
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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 260 days. This property is listed at $1,649,900 with an estimated mortgage of $5,492* 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
Beach, Hospital, Lake Access, Marina, Place Of Worship, School Bus Route
Interior Features
Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Security Features
Carbon Monoxide Detectors, Smoke Detector
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 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 $1,649,900 in Goderich, the legal minimum down payment is $329,980 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 $29,473 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 $29,473.
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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.