77 MONTREAL STREET, Goderich (Goderich (Town)), Ontario, N7A 2G5

MLS® # X12496154

Investment For Sale In Goderich (Goderich (Town)), Ontario

$1,649,900

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77 Montreal Street, Goderich (Goderich (Town)), ON - Outdoor With Facade

77 Montreal Street, Goderich (Goderich (Town)), ON - Outdoor

77 Montreal Street, Goderich (Goderich (Town)), ON - Outdoor With View

View from West - 77 Montreal Street, Goderich (Goderich (Town)), ON - Outdoor With View

The Square - 77 Montreal Street, Goderich (Goderich (Town)), ON - Outdoor With View

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Other Room

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Kitchen

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Bathroom

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Kitchen With Double Sink

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Bedroom

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Other Room With Fireplace

77 Montreal Street, Goderich (Goderich (Town)), ON - Photo Showing Other Room

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Living Room

77 Montreal Street, Goderich (Goderich (Town)), ON - Indoor Photo Showing Dining Room

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77 MONTREAL STREET, Goderich (Goderich (Town)), Ontario, N7A 2G5

$1,649,900

Property Information:

Investor Alert: Welcome to Your Next Investment Opportunity. This well-maintained legal 5 Plex located just off the square in Goderich includes: 1-4 bedroom, 2-2 bedroom, and 2- 1 bedroom units. All units are spacious and include fridge, stove, and some also offer washer/dryer hookups. There's also a coin-operated washer and dryer on site. All units are separately metered, keeping the operating costs low. Units are heated by way of electric baseboard and natural gas furnace; each unit has its own hot water tank. An additional 3 units could be added with the upper 4-bedroom split into 2 units, and 2 more 1 bedrooms could be added to the unfinished lower level, increasing the cashflow on this property. The building currently has one tenant plus the owner occupying space, allowing the new owner to choose their tenants at market rents. Additional space includes a large garage for storage, extra rooms in the lower level for potential rentable storage space or a maintenance person's work area. The property is surrounded by mature trees, and the asphalt parking lot has plenty of room for parking, along with entrances off two streets. When fully occupied at market rent, this investment offers a cap rate of over 6%. Seller would work with Buyer to fill the units before closing. Don't miss the chance to own an investor's Gem in today's multi residential real estate market. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Amenities: Separate Heating Controls, Separate Hydro Meters
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Fireplace: Yes
Floor Space: 5000 - 100000 sqft
Foundation Type: Block, Stone
Heating Type: Baseboard heaters, Forced air, Not known, Not known
Heating Fuel: Electric, Natural gas
Cooling Type: Central air conditioning, Window air conditioner
Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 10
Bathrooms: 7
Amenities Nearby: Hospital, Marina
Community Features: School Bus
Features: Lighting, Level
Floor Space (approx): 5000 - 100000 Square Feet
Irregular: Yes
Lot Depth: 101.7 Feet
Lot Frontage: 126.0 Feet
Lot Size: 126 x 101.7 FT ; irreg
Utility Type: Hydro - Installed, Sewer - Installed, Cable - Installed
Zoning: C5
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 11

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Rating:

Notes:

Bart Chinnick

Salesperson/REALTOR® Royal LePage Exchange Realty Co. , Brokerage*

Direct 519.396.3396

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Jeff Scott

Salesperson/REALTOR® Royal LePage Exchange Realty Co. , Brokerage*

Mobile:519.832.8953

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Market Price Trends

All Properties

-6.2%

Price change (1 year)

37.52%

Price change (5 years)

Location of 77 MONTREAL STREET, Goderich (Goderich (Town)), Ontario, N7A 2G5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

46/100

Moderate

ClimateCheck®

Current data

This property, 77 MONTREAL STREET , experiences 7 hot days per year at around 30.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 33.8 degrees Celsius.

Projected Avg. Temperature

Past

30.3℃

2050

33.8℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

65/100

Moderate-High

ClimateCheck®

Current data

This property, 77 MONTREAL STREET , experiences 12 significant 2-day storms per year, with about 312mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 386.8mm of precipitation per year.

Precipitation Per Storm

Past

312mm

2050

386.8mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 77 MONTREAL STREET, Goderich (Goderich (Town)), Ontario, N7A 2G5

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 %

Own Vs. Rent

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77 MONTREAL STREET, Goderich (Goderich (Town)), Ontario, N7A 2G5 $1,649,900 MLS® # X12496154