Listed by Royal Lepage Exchange Realty Co..

77 Montreal Street is a Multiplex, 2-Storey and is currently for Sale @ $1,649,900. Taxes in 2024 were $6,588.00.

More homes for sale under 1.6M in Goderich

Investor Alert: Welcome to Your Next Investment Opportunity. The 2-Storey on 77 Montreal Street has 10 bedrooms, 7 bathrooms, and is located on a 101.73 x 126.04 ft lot in the community of Goderich (Town) . 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.

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

The address 77 Montreal Street was listed for sale (MLS# X12496154) on Friday, October 31, 2025.