For Sale: 47 Elgin Avenue W, Goderich, ON - REW
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$599,999
7 bd • 4 ba • 3000 - 3499 sf • Multifamily
47 Elgin Avenue W
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$599,999
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47 Elgin Avenue WGoderich, ON, N7A 2E1

  • 7 Bed
  • 4 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: CHAD LAFONTAINE, Salesperson, Coldwell Banker All Points-FCR, (God) Brokerage

Home facts and features

Price details
List Price
$599,999
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Gross Taxes for 2025
$5,643
Home facts
Bedrooms
7
Full Bathrooms
4
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
107.5 feet
Frontage
94.1 feet
Exterior Finish
Aluminum siding
Heating Type
Forced air, Natural gas, Other
Basement Details
Unfinished,
Features
Fireplace(s), Separate Electricity Meters, Separate Heating Controls
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater, Water meter
Agent details
Primary Agent
CHAD LAFONTAINE
Primary Broker
Coldwell Banker All Points-FCR, (God) Brokerage
Secondary Agent
LAURA HERMAN
Secondary Broker
Coldwell Banker All Points-FCR, (God) Brokerage
Listing details
Days on REW
6 Days
Property Views
11
MLS® Number
X13561448
Source
Canadian Real Estate Association
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Property Insights

Goderich Public School
  • Public
  • JK - 8
Goderich District Collegiate
  • Public
  • 7 - 12
St Marys School
  • Catholic
  • JK - 8
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Call Agent
Salesperson
CHAD LAFONTAINE
Office:
519-524-1175
Salesperson
LAURA HERMAN
Phone:
(519) 525-0511
Cell:
519-525-0511
Office:
519-524-1175
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.