1/16194 BENNETT STREET W, Goderich (Goderich (Town))
194 BENNETT STREET W, Goderich (Goderich (Town)), ON N7A1X8
$975,000 total
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Asset Class
Multifamily
Size
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Building class
A
Zoning
RA9 — High Rise
$ / SF
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Occupancy
89%
Lot Size
0.193 ac
About this property
ATTENTION INVESTORS! This 7 unit multi-residential property features 2 x 3BR units, 4 x 2BR units & 1 x 1BR unit. Goderich is a small coastal town along Lake Huron. Nic named "Prettiest Town in Canada" Location is key! This prime west-end location offers convenience, comfort & an enjoyable lifestyle. Your tenants will benefit from the proximity to the beach, dog park, schools and local shops. Features include: plenty of parking, separate hydro meters & coin-operated laundry area for additional income. With all units currently occupied, this turn-key property is ready to be added to your portfolio. Call your REALTOR today! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$39K
Annual cash flow
$-15K
Cash-on-cash
-5.25%
DSCR
0.72
Going-in cap
3.97%
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.
Area demographics
Trade area within 3 miles of the property.
Population
77,338
Households
36,815
Median income
$125,500
Median age
36.9
Daytime population
89,191
5-yr growth
3.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 194 BENNETT STREET W, 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.