77 MONTREAL STREET

Goderich (Goderich (Town)), , N7A2G5, Canada

$1,649,900

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.

EXTRAS: Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater

Last updated on : Saturday 1st of November 2025 10:00:47 AM

ADDRESS

Street : 77 MONTREAL STREET

City : Goderich (Goderich (Town))

Country : Canada

Postal Code : N7A2G5

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PROPERTY SUMMARY

Property ID : X12496154

Building Type : Other

Property Type : Multi-family

Bedrooms : 10

Bathrooms : 7

Parking : 11

Parking Type: Attached Garage, Garage

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