47 Elgin Avenue
Goderich (Town), Goderich, N7A 2E1
FOR SALE
$599,999
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7
BEDROOMS 4
BATHROOMS 4
KITCHENS 21
ROOMS X13561448
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Property Description
Turnkey investment opportunity in the heart of Goderich! This fully rented 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 - $988, Unit 2 - $1300, Unit 3 - $805, and Unit 4 - $1,000, total gross rental income: $4,093.00/month ($49,116.00 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.
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Property Features
Arts Centre, Hospital, Library, Park, Place Of Worship, School, Separate Heating Controls, Separate Hydro Meter, Water Heater, Water Meter, Other, Private, Natural Gas
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Property Details
Address
47 Elgin Avenue
Community
City
Postal Code
N7A 2E1
Property Type
Fourplex, Fourplex
Lot Size
94' x 107'
Taxes
$5,643 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Coldwell Banker All Points-Festival City Realty
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