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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 !! (id:24093)
Listed by PAUL T. KELLY of PEAK REALTY LTD.

Property Details of 48 Newgate Street

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"Based on information submitted to CREA as of October 26, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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