$1,649,900
12.97 BTC
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77 Montreal Street, Goderich
$1,649,900
PRICE
10
BEDROOMS
7
BATHROOMS
X12496154
MLSID

77 Montreal Street, Goderich

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.
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Summary

Address
77 Montreal Street
MLSID
X12496154
Property Type
Multiplex
Property Category
Bedrooms
10
Bathrooms
7
Kitchens
5
Zoning
C5
Taxes (Annual)
$6,588.00
Tax Year
2024
Published
October 31, 2025
Days on Market
19 Days
Possession Type
Flexible
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Inclusions

5 refrigerators, 5 stoves, 1 coin op washer and dryer, 5 hot water heaters

Exclusions

Unit 2 refrigerator

Details

Property Features
Beach, Hospital, Lake Access, Marina, Place Of Worship, School Bus Route
Security Features
Carbon Monoxide Detectors, Smoke Detector
Basement
Development Potential
Exterior Features
Awnings, Lighting
Interior Features
Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Parking Spaces
10
Parking Total
11
Architectural Style
2-Storey
Roof
Asphalt Shingle, Membrane, Tar And Gravel
Construction Materials
Brick
Lot Size
0 Acres
Lot Width
126 Feet
Lot Depth
102 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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