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47 ELGIN AVENUE W, Goderich (Goderich (Town))

7 BEDS · 4 BATHS · 3000 - 3500 sqft

$599,999

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.

General Info


MLS Listing ID: X13561448 Bedrooms: 7 Bathrooms: 4 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Stone Roof: N/A Title To Land: N/A Parking Space Total: 4
Parking: No Garage Heating: Forced air Size: 3000 - 3500 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A (Unfinished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: CHAD LAFONTAINE, Coldwell Banker All Points-Festival City Realty

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