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48-52 Newgate Street Goderich, Ontario N7A 1P1

12 Bedroom 9 Bathroom 6628
Baseboard Heaters, Hot Water Radiator Heat

$2,050,000

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 !! (id:44449)

Property Details

MLS® Number 40164111
Property Type Multi-family
Amenities Near By Beach, Hospital, Marina, Park, Place Of Worship, Playground, Schools, Shopping
Community Features Community Centre
Features Park/reserve, Beach, Paved Driveway, Skylight
Parking Space Total 11
Structure Shed

Building

Bathroom Total 9
Bedrooms Total 12
Basement Development Partially Finished
Basement Type Full (partially Finished)
Exterior Finish Brick, Stone, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Block
Heating Type Baseboard Heaters, Hot Water Radiator Heat
Stories Total 2
Size Interior 6628
Utility Water Municipal Water

Land

Access Type Water Access, Road Access
Acreage No
Land Amenities Beach, Hospital, Marina, Park, Place Of Worship, Playground, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 107 Ft
Size Frontage 117 Ft
Size Irregular 0.276
Size Total 0.276 Ac|under 1/2 Acre
Size Total Text 0.276 Ac|under 1/2 Acre
Zoning Description C 5

https://www.realtor.ca/real-estate/23646357/48-52-newgate-street-goderich

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