48-52 NEWGATE Street Goderich, ON
$ 2,050,000
Property Attributes
  • ID#40164111
  • TypeMulti-Family
  • CityGoderich
  • AreaKitchener-Waterloo
  • Postal CodeN7A 1P1
  • Style
  • Price$ 2,050,000
  • Bedrooms12
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6628
Listing Provided Courtesy Of:
Paul T. Kelly with Peak Realty Ltd.
Data Source:
Property Description

Well maintained, clean, up to date, turnkey operation available now !! Always rented investment property with tremendous positive cash flow located in the downtown core of Goderich, on the shores of Lake Huron, one of Canada's prettiest towns. Two separate buildings being a four plex and a five plex on one title producing a very reliable revenue stream from this 9 unit investment property featuring 4 two bedroom units, 4 one bedroom units, 1 commercial/retail/office unit and includes bonus revenue from an annual solar power generation contract. Excellent bottom line net income of approximately $80,000 per year after expenses currently resulting in a 3.9% Cap Rate with great upside potential. These sought after attractive renovated units are in a very vibrant convenient location close to all amenities and within a 15 minute walk to the main beach. Do not delay, inquire about this fantastic opportunity today !!

General Features

Beds 12
Parking Spaces 11

Interior Features

Bedrooms 12

Exterior Features

Lot Frontage 117.23
Jumpid 16230941
Mls 40164111


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N7A 1P1

AVG $2.05M
AVG 51
AVG 56
Data Provided by Walkscore ® not using MLS data

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