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$1.1M total
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Asset Class
Specialty
Size
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Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
94%
Lot Size
0.275 ac
This stylish 6-bedroom, 7-bathroom bed and breakfast in the heart of Goderich offers an exceptional hospitality opportunity. Guests can unwind in any of the five beautifully appointed suites, while you enjoy your own comfortable, private living space. With 3,400 square feet across three levels, there is ample room for both business and pleasure.A large communal dining room seats 10 for breakfast and could also host meetings, paint nights or workshops during the off-season. In the owners' wing, a private dining room opens to the back deck, while a charming living room provides space to relax or entertain. A wireless doorbell system with three separate bells helps you respond quickly to guests.The kitchen is equipped to prepare breakfast for a full house, with two washers, two dryers, two refrigerators, two ovens, a second sink and a large island. A back staircase leads to an organized housekeeping area and provides easy access to the second floor.Immaculately maintained, this century home showcases stained glass, oak floors, tall ceilings, a grand centre staircase and a lovely front porch. Guests can gather on the porch, back deck, beneath the pergola or in the backyard. A shed provides secure storage for recreational equipment.Just steps from downtown, the property is close to the farmers' market, outdoor concerts, shops, library and restaurants. A 15-minute walk takes you to Lake Huron for a swim, ice cream or a sunset stroll along the boardwalk. Thoughtfully arranged for the comfort of both owners and guests, this is a welcoming place to live and a practical space to run a B&B. (id:66811)
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Monthly debt service
$5K
Projected NOI
$82K
Annual cash flow
$18K
Cash-on-cash
5.35%
DSCR
1.29
Going-in cap
7.15%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
105,188
Households
37,989
Median income
$78,000
Median age
39.6
Daytime population
131,897
5-yr growth
7.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 72 COLBORNE STREET, Goderich (Goderich (Town)).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.