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.
Details
X12496154
Attached/10
$1,649,900
Owner+Tenant
None
5 + 5
2-Storey
10
7
5000 + Sqft
0.297 Acres
100+
Multiplex
Sale
Additional details
Baseboard / Electric
C5
$6588
2024
LT1369 PL470 TOWN OF GODERICH;LT1368 PL470 TOWNOFGODERICH;PT LT1367 PL470 TOWN OF GODERICH AS IN R332979
N/A
N
0.297
Development Potential
1
Central Air,Window Unit(s)
Awnings,Lighting
Beach,Hospital,Lake Access,Marina,Place Of Worship,School Bus Route
Municipal
Schools Nearby
Mortgage Calculator
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Land Transfer Tax
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FAQ
What is the total square footage of the X12496154 - 77 Montreal Street, Goderich, ON N7A 2G5?
The total square footage of this property is 5000 + SqFt.
What schools near to X12496154 - 77 Montreal Street, Goderich, ON N7A 2G5?