Property Information:

Turnkey investment opportunity in the heart of Goderich! This 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 - now vacant, Unit 3 - $790, and Unit 4 - $1,000, total gross rental income (prior to July 31,2026): $3,703/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. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Amenities: Separate Heating Controls, Separate Hydro Meters
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Aluminum siding
Fireplace: Yes
Floor Space: 3000 - 3500 sqft Square Feet
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas, Other
Cooling Type: None
Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 7
Bathrooms: 4
Amenities Nearby: Hospital, Park, Schools
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 107.5 Feet
Lot Frontage: 94.1 Feet
Lot Size: 94.1 x 107.5 FT
Utility Type: Hydro - Installed, Sewer - Installed, Cable - Installed
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Rooms:

Foyer 2nd Level 2.13 m x 4.14 m
Living 2nd Level 4.18 m x 4.50 m
Kitchen 2nd Level 3.86 m x 3.49 m
Primary Bedroom 2nd Level 4.53 m x 2.80 m
2nd Bedroom 2nd Level 2.62 m x 4.49 m
Bathroom 2nd Level 1.85 m x 2.30 m
Living Main Level 6.07 m x 4.70 m
Kitchen Main Level 4.50 m x 2.87 m
2nd Bedroom Main Level 4.40 m x 2.82 m
Laundry Main Level 2.79 m x 1.34 m
Bathroom Main Level 1.98 m x 2.41 m
Primary Bedroom Main Level 3.92 m x 3.48 m
Living Upper Level 2.88 m x 2.51 m
Kitchen Upper Level 3.71 m x 3.31 m
Primary Bedroom Upper Level 4.49 m x 3.14 m
2nd Bedroom Upper Level 3.29 m x 3.25 m
Bathroom Upper Level 3.29 m x 1.85 m
Living Ground Level 4.39 m x 3.67 m
Kitchen Ground Level 4.22 m x 4.19 m
Primary Bedroom Ground Level 2.96 m x 4.19 m
Bathroom Ground Level 3.16 m x 1.56 m

Convert Measurement to:

Courtesy of: Coldwell Banker All Points-Festival City Realty

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Demographic Information of 47 ELGIN AVENUE W, Goderich (Goderich (Town)), Ontario, N7A 2E1

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,847.08

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.96 %

High school certificate or equivalent

34.05 %

Apprenticeship trade certificate/diploma

11.09 %

College/non-university certificate

24.43 %

University certificate (below bachelor)

0.79 %

University Degree

12.68 %

Commuter

Travel To Work

By Car

80.59 %

By Public Transit

0.0 %

By Walking

13.66 %

By Bicycle

1.56 %

By Other Methods

4.19 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.81 %

Houses

71.19 %

47 ELGIN AVENUE W, Goderich (Goderich (Town)), Ontario, N7A 2E1