47 Elgin Avenue W
Goderich (Goderich, Town), ON N7A 2E1
- 7Bedrooms
- 4Bathrooms
- 4Parking
- 3000–3500Sq Ft
- $5,643Tax
- 94×107 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 47 Elgin Avenue W, Goderich, Goderich (Town)
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 47 Elgin Avenue W, Goderich, Goderich (Town)
Summarized Description
- Turnkey investment opportunity in Goderich.
- Fully tenanted fourplex with immediate cash flow.
- Total gross rental income of $3,703 monthly.
- Limited landlord expenses for maintenance.
- Walking distance to shopping and restaurants.
- Ideal for expanding investment portfolio.
- Excellent long-term investment potential.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,643
- Land Transfer Tax Fee
- $8,475
Rental Items
- Rental Equipment
- Hot Water Heater
- Under Contract
- Hot Water Heater
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- Separate Heating Controls, Separate Hydro Meter, Water Heater, Water Meter
- View
- Beach, Park/Greenbelt, Downtown
- Fireplace/Stove
- Yes
- Fireplace Features
- Natural Gas
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Arts Centre, Hospital, Library, Park, Place Of Worship, School
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Stone
- Special Designation
- Unknown
Lot
- Lot Front
- 94.10 ft
- Lot Depth
- 107.47 ft
Inclusions
- Inclusions
- 4 Refridgerators, 4 stoves, 3 washers, 2 dryers
Exclusions
- Exclusions
- Tenant personal items
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Cable
- Yes
- Telephone
- Yes
- Bedrooms
- 7
- Washrooms
- 4
- Kitchens
- 4
- Family / bonus room
- Yes
Room sizes
- Living Room—Ground level
- Laundry—Main level
- Living Room—Main level
- Bathroom—Main level, 4 Pc Bath
- Kitchen—Main level
- Kitchen—Ground level
- Bedroom 2—Main level
- Primary Bedroom—Ground level
- Foyer—Second level
- Primary Bedroom—Main level
- Bathroom—Ground level
- Living Room—Upper level
- Primary Bedroom—Upper level
- Bedroom 2—Upper level
- Bathroom—Upper level
- Primary Bedroom—Second level
- Bedroom 2—Second level
- Kitchen—Second level
- Living Room—Second level
- Bathroom—Second level
- Kitchen—Upper level
Washrooms
- 4-piece
- Municipality
- Goderich
- Neighbourhood
- Goderich (Town)
- Main cross streets
- Elgin Ave and South St
- Directions
- From South St at town centre turn right onto Elgin Ave
- MLS® number
- X13561448
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-07-14
- Updated on
- 2026-09-23
- Days on market
- 93 days
- Possession type
- Immediate
- Co-op commission
- 2% + HST
- Seller
- Listed by
- Coldwell Banker All Points-Festival City Realty
Home Market Value
Current home valuation for 47 Elgin Avenue W, Goderich, Goderich (Town), Goderich, ON. Listed for $599,999
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 47 Elgin Avenue W, Goderich, Goderich (Town)
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $99,999 over $500K
$35,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $22,584 | $16,740 | $14,280 | $0 |
=Total mortgage | $587,183 | $556,739 | $524,279 | $479,999 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,867monthly | $2,718monthly | $2,560monthly | $2,344monthly |
Land Transfer Tax
$8,475
$8,475
Around this home
No schools found nearby
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