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48-52 Newgate Street

Beds 12
Baths 9
MLS® Number 40164111

$2,050,000

Status Active
City Goderich
County Huron
Listing Type Residential Income
Postal Code N7A 1P1
Driveway Spaces 11.00
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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 !!
Directions From Courthouse Square to Hamilton St to Newgate St

Interior

Basement Type Full Basement
Heating Baseboard,gas Hot Water
Interior Features Separate Heating Controls,separate Hydro Meters,skylight,solar Owned,water Heater,workshop
Square Feet 6628.00 SqFt
Cooling Other
Laundry Feature In-suite

Exterior

Acres Range < 0.5
Construction Materials Brick,Stone,Vinyl Siding
Foundation Concrete,concrete Block
Lot Size Acres 0.2760
Other Structures Shed
Parking Features Exclusive,In/Out Parking,Asphalt
Parking Spaces Total 11
Roof Fiberglass Shing

Additional Information

Appox Age Unknown
Area Influences Ample Parking,Beach,Downtown,Hospital,Lake Access,Library,Marina,Park,Place of Worship,Playground Nearby,Public Parking,Rec./Community Centre,River/Stream,Schools,Shopping Nearby
Common Interest Freehold/none
Septic/Sewer Sewer (Municipal)
Water Source Municipal
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