For Sale

47 Elgin Avenue

$599,999
Goderich, Ontario N7A 2E1 · MLS® X13561448 · Updated 17h ago
47 Elgin Avenue W, Goderich, ON N7A 2E1
1 / 28 photos
7
Bedrooms
4
Bathrooms
Sq Ft
4
Parking

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.

Property Information

Type
Residential Freehold
Style
Fourplex
Architectural Style
2-Storey
Lot Size
94.1 × 107.47 ft
Direction Faces
South
Bedrooms
7
Kitchens
4
Parking
4 total · None
Cross Street
Elgin Ave and South St
Postal Code
N7A 2E1
Occupancy
Tenant
Possession
Immediate
MLS#
X13561448
Listing Office
Coldwell Banker All Points-Festival City Realty

Building Details

Construction
Aluminum Siding
Roof
Asphalt Shingle
Heating
Forced Air · Gas
Cooling
None
Basement
Unfinished
Fireplace
Natural Gas
Pool
None

Features & Amenities

Interior
Separate Heating ControlsSeparate Hydro MeterWater HeaterWater Meter
Property
Arts CentreHospitalLibraryParkPlace Of WorshipSchool
View
BeachPark/GreenbeltDowntown

Financials & Fees

Annual Property Tax
$5,643.18 (2025)

Inclusions & Exclusions

Inclusions

4 Refridgerators, 4 stoves, 3 washers, 2 dryers

Exclusions

Tenant personal items

Location

Listing courtesy of:Coldwell Banker All Points-Festival City Realty

Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.

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