47 Elgin Avenue
Goderich, ON
- 7 bed
- 4 bath
- approx. 3000-3500 sqft
- Fourplex
- 68 days on market
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 - $988, Unit 2 - $1300, Unit 3 - $805, and Unit 4 - $1,000, total gross rental income: $4,093.00/month ($49,116.00 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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $5,643
- Listed
- July 14, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Separate Heating Controls, Separate Hydro Meter, Water Heater, Water Meter
- Lot Size
- 94.1 x 107.47 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Elgin Ave and South St
- Parcel Number
- 411320011
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 4 Refridgerators, 4 stoves, 3 washers, 2 dryers
- Exclusions
- Tenant personal items
- Rental Items
- Hot Water Heater
Schools
Secondary
- Goderich District Collegiate Institute0.7 km
Public · Avon Maitland DSB · 395 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- GDCI - Elementary0.7 km
Public · Avon Maitland DSB · 130 students
- Goderich Public School0.7 km
Public · Avon Maitland DSB · 505 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 56% met the provincial standard
- St Marys Separate School0.9 km
Catholic · Huron Perth CDSB · 325 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 48% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N7A
- Population
- 12,495
- Private dwellings
- 6,687
- Median age
- 55.2
- Average household size
- 2.2
- Median household income
- $74,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Goderich · last 12 months
- Median sold price
- $560,973
- Homes sold
- 127
- Median days on market
- 38
- Sale-to-list price
- 96.7%
Based on 127 recorded sales of residential freehold properties in Goderich over the last 12 months.
Rooms
4 × 4-piece
Second
- Bathroom6'1" x 7'7"
- Bedroom 28'7" x 14'9"
- Foyer7' x 13'7"
- Kitchen12'8" x 11'5"
- Living Room13'9" x 14'9"
- Primary Bedroom14'10" x 9'2"
Upper
- Bathroom10'10" x 6'1"
- Bedroom 210'10" x 10'8"
- Kitchen12'2" x 10'10"
- Living Room9'5" x 8'3"
- Primary Bedroom14'9" x 10'4"
Main
- Bathroom6'6" x 7'11"
- Bedroom 214'5" x 9'3"
- Kitchen14'9" x 9'5"
- Laundry9'2" x 4'5"
- Living Room19'11" x 15'5"
- Primary Bedroom12'10" x 11'5"
Ground
- Bathroom10'4" x 5'1"
- Kitchen13'10" x 13'9"
- Living Room14'5" x 12'
- Primary Bedroom9'9" x 13'9"
Listed by
Coldwell Banker All Points-Festival City Realty
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$120,000
Estimated Monthly Payment
$2,948
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,948/mo (20% down, 5.5%)
Taxes: $470/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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