47 Elgin Avenue, Goderich, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Goderich (Town). Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $599,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 94.1 x 107.47 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter, Water Heater
- Efficient forced air heating via gas
Description
Turnkey investment opportunity in the heart of Goderich! This 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 - $968, Unit 2 - now vacant, Unit 3 - $790, and Unit 4 - $1,000, total gross rental income (prior to July 31,2026): $3,703/month ($44,436 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.
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Property Summary
This fourplex located at 47 Elgin Avenue, Goderich is currently for sale and has been available on SousaSells for 46 days. This property is listed at $599,999 with an estimated mortgage of $1,997* per month. It has 7 beds, 4 bathrooms, and is 3000-3500 square feet. 47 Elgin Avenue, Goderich is in the Goderich (Town) neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Goderich (Town), Goderich.
- •7 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Goderich (Town), Goderich.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Arts Centre
- Hospital
- Library
- Park
- Place Of Worship
- School
Interior Features
- Separate Heating Controls
- Separate Hydro Meter
- Water Heater
- Water Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 47 Elgin Avenue, Goderich, ON
Q.What is the asking price for 47 Elgin Avenue, Goderich, ON ?
The current listing price for 47 Elgin Avenue, Goderich, ON in Goderich (Town), Goderich is $599,999.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 4 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 47 Elgin Avenue, Goderich, ON ?
47 Elgin Avenue, Goderich, ON is a Fourplex (2-Storey) featuring a Unfinished basement.
Q.What key property features does 47 Elgin Avenue, Goderich, ON offer?
Key property features include: Arts Centre, Hospital, Library, Park, Place Of Worship, School.
Q.What interior features are included in this home?
Interior highlights include: Separate Heating Controls, Separate Hydro Meter, Water Heater, Water Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Goderich (Town), Goderich
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 47 Elgin Avenue W, Goderich, ON N7A 2E1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Goderich, ON
For a property listed at $599,999 in Goderich, the legal minimum down payment is $35,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,475 for this transaction. As this listing is in Goderich (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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