151 Bruce Street E

Welcome to a remarkable investment opportunity in the picturesque town of Goderich, Ontario! This charming Multi-Family Home for sale in Goderich , located at 151 Bruce Street E, Goderich, is a well-maintained, three-storey walk-up apartment building that boasts an impressive 19 units. This property presents a unique chance to step into a stable rental market with significant growth potential.

As you explore this Multi-Family Home for sale in Goderich, you will discover that it is fully occupied, providing a secured monthly income that makes it an attractive option for any savvy investor. The building features a total of 19 rooms, including 18 bedrooms and 19 bathrooms, ensuring ample space for tenants. With a finished basement that includes a walk-out, this property offers additional versatility and convenience.

The exterior of the building is clad in durable stucco (plaster), giving it a timeless appeal that fits beautifully within the community of Goderich. The property sits on a generous lot measuring 269 X 108 feet, providing plenty of space for potential enhancements or expansions. Although there is no garage space, the unreserved front yard parking accommodates up to 15 vehicles, making it convenient for residents and their guests.

One of the standout features of this Multi-Family Home for sale in Goderich is its age, being over 100 years old. This historical aspect adds character and charm to the property, while also highlighting its well-maintained condition. The building has seen extensive improvements over the years, and a detailed list of these enhancements is available for interested buyers.

While the property does not include a central vacuum system, a family room, or a pool, it does offer essential amenities such as municipal water and sewer services, ensuring that residents enjoy a comfortable living experience. The heating is provided by baseboard heaters, and while there is no air conditioning, the building benefits from its strategic location in the lovely town of Goderich, where the climate is generally mild.

Internet connectivity is available, allowing tenants to stay connected and work from home if needed. The absence of additional land means that the focus remains on the existing building and its potential. This Multi-Family Home for sale in Goderich is not just a property; it’s a gateway to a thriving rental market, perfect for those looking to expand their investment portfolio.

Situated at 151 Bruce Street E, Goderich, this property is located in a vibrant community known for its beautiful scenery and welcoming atmosphere. The town itself is a gem in Huron County, offering a variety of amenities and attractions that make it an ideal place for families and individuals alike.

In conclusion, if you are seeking a lucrative investment in a well-established area, this Multi-Family Home for sale in Goderich is an opportunity not to be missed. With its 19 units, secure income, and potential for further development, this property at 151 Bruce Street E, Goderich, is poised for success. Don’t hesitate to reach out today for more information on this fantastic opportunity. Your future in property investment starts here!

Goderich, often referred to as the "prettiest town in Canada," is a charming lakeside community nestled along the shores of Lake Huron in Ontario. Known for its stunning natural beauty, Goderich boasts a picturesque waterfront, sandy beaches, and scenic parks that invite outdoor enthusiasts to explore. The town's historic downtown area features a delightful mix of boutique shops, cafés, and local eateries, all set against a backdrop of Victorian architecture. With a strong sense of community spirit, Goderich hosts various festivals and events throughout the year, fostering a welcoming atmosphere for residents and visitors alike. Its strategic location offers easy access to both urban amenities and the tranquility of rural life, making it an ideal place for those seeking a balanced lifestyle.

Schools in the Neighbourhood

This property is conveniently located near two reputable educational institutions, making it an excellent choice for families. The Goderich Public School, situated just 1.8 km away, offers an elementary education for students from Junior Kindergarten to Grade 6. It is part of the Avon Maitland District School Board and boasts a solid school rating of 7.4, indicating a strong academic environment. For older students, the Goderich District Collegiate Institute is only 1.6 km from the property, providing secondary education for grades 7 through 12. Also under the Avon Maitland District School Board, this school has a rating of 6, reflecting its commitment to student success. Both schools offer English language instruction and are categorized as public institutions, ensuring accessibility for local families. The close proximity of these schools not only enhances the appeal of the property but also supports a vibrant community atmosphere, making it an ideal location for families seeking quality education for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 512 residents, with an average household size of 2. The community's demographic profile indicates a mature population, with an average age of 46.1 years. The average household income stands at $69,000, although 14% of the population is classified as low-income. The average home price in the area is approximately $400,000, reflecting the local real estate market's dynamics. Notably, 44.83% of residents are single, while 34.48% live in households with children, suggesting a mix of family structures. The area also has a diverse demographic, with 7.69% of the population being immigrants. Renting is common, with 38% of residents identified as renters, and there are no condominiums available in the area. Educational attainment is relatively high, with 50% of the population holding a college or university degree. However, a significant portion of the community, 46.25%, is not in the labor force, which may reflect various socioeconomic factors. Overall, this neighborhood presents a blend of demographics that could appeal to potential buyers or renters looking for a community-oriented environment.