CELL: (519) 852.9392
DIANE KNUPP - CLIENT FOCUS   SERVICE INTEGRITY ---  Royal LePage - Heartland Realty
MLS®: 40164111 Status: For sale

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$2,050,000
Location:

48-52 NEWGATE Street, Goderich Ontario, N7A1P1

48-52 NEWGATE Street, Goderich Ontario
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 !! (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 0.276Acreage: 0.276 ac|under 1/2 acre
Sewer: Municipal sewage systemWater: Municipal water
Access: Water access, Road access
Structures: Shed
Structure:
Square Footage: 6628
Bedrooms: 12Bathrooms: 9
Heating: Baseboard heaters, Hot water radiator heat
Exterior: Brick, Stone, Vinyl siding
Foundation Type: Block
Features:
Park/reserve Beach Paved driveway
Skylight Community Centre   
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48-52 NEWGATE Street, Goderich Ontario

Royal Lepage Heartland Realty

Diane Snell
Sales Representative


diane@dianesnell.ca


Telephone:
519-852-9392


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