$599,999
Est. payment $2,657/moCalculate yours
47 Elgin Avenue W, Goderich, ON N7A 2E1
Goderich (Town), Goderich, ON N7A 2E1
- 7 Beds
- 4 Baths
- 3,000 Sq Ft
Listing courtesy of Coldwell Banker All Points-Festival City Realty MLS® X13561448
About this home
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.
Property details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,000 sqft
Interior
- Bedrooms
- 7
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Aluminum Siding
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 94.1 x 107.47 Feet
- Parking
- None garage · 4 total
Financial
- Property Taxes
- $5,643 (2025)
Location
- Neighbourhood
- Goderich (Town)
- Cross Street
- Elgin Ave and South St
- Direction Faces
- South
Listing
- MLS® Number
- X13561448
- Days on Market
- 96
- Listed On
- 2026-07-14
- Possession
- ASAP
- Listed By
- Coldwell Banker All Points-Festival City Realty
Rooms
Features
Interior
- Separate Heating Controls
- Separate Hydro Meter
- Water Heater
- Water Meter
Property
- Arts Centre
- Hospital
- Library
- Park
- Place Of Worship
- School
Pool
- None
- Included
- 4 Refridgerators, 4 stoves, 3 washers, 2 dryers
- Excluded
- Tenant personal items
- Rental items
- Hot Water Heater
Mortgage calculator
Estimated mortgage payment
$2,657 per month
- Principal and interest
- $2,657
- Property tax
- $470
- Condo fees
- $0
- Estimated monthly cost
- $3,127
Your mortgage
- Mortgage amount
- $479,999
- Mortgage insurance
- Not needed
- Interest over 25 years
- $317,000
Cash to close
- Down payment
- $120,000
- Land transfer tax
- $8,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $128,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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