163 Elgin Avenue E, Goderich

$799,000
163 Elgin Avenue E

$799,000

New
22d
DetachedBungalow

163 Elgin Avenue E, Goderich

Total Monthly Obligation $4,149

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
22d
Score
16
Yield
3.9%
Cash on Cash
-8.4%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.4%
Property Type-Detached
MLS® Number-X13850640
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-52.43 × 106.18 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$6,615 (2025)
Parking-4 - Attached
Basement-Separate Entrance, Full, Unfinished, Development Potential
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Concrete, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Goderich (Town)
Title-Residential Freehold

No agent assigned

This Fabulous New Home in Coveted GODERICH is now ready to move in. Heykoop Construction with their quality craftsmanship has built you and your family, 1340 sq. ft., 3 bedroom 2 bath with an legally approved permit for a separate entrance basement unit with 2 bedrooms, bath and kitchen with lots of income potential. Finished to the highest standard, this perfect property is located in the heart of Goderich. Luxury finishes come as standard including sleek quartz countertops, vinyl plank flooring, exterior finish with Dover stone and brick, pot lights, and more. This home is going to be Move in ready in the end of November. No detail has been overlooked, from the 'everything-on-one-level' friendly design, high-end finishes and stunning chef's kitchen to the 9' ceilings. It is perfectly situated close to Downtown Goderich with bars, breweries, and fine dining with plenty of events and festivals, parks and hiking trails for the family.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,149/mo
Mortgage $3,223
Monthly Loss $3,301
Principal$848
Interest$2,375
Property Tax$551
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
5.7%13
10-Year IRR
7.3%
Returns Index
8.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,200/yr
NOI
$16,965/yr
Net Cash Flow
-$1,809/mo
Cash Margin
-69.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
19.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 163 Elgin Avenue E

Time

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