407 Warren Street, Goderich

$574,900
407 Warren Street

$574,900

New
9d
DetachedBungalow

407 Warren Street, Goderich

Total Monthly Obligation $2,967

HausQ Valuation Report
Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
9d
Score
21
Yield
5.4%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.2%
Property Type-Detached
MLS® Number-X14031384
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40 × 120 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$3,281 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Coldwell Banker All Points-Festival City Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Goderich (Town)
Title-Residential Freehold

No agent assigned

Welcome to easy living in the desirable Southcove community in Goderich! This beautifully maintained two bedroom, two bathroom home shows pride of ownership inside and out. From the meticulously kept lawn and gardens to the many thoughtful updates throughout, this home is truly move in ready. Recent improvements include new windows and soffit in 2025, along with a newer furnace and central air conditioning for year-round comfort. The unfinished basement offers plenty of additional space and exciting potential that can create a cozy family room, hobby area, home office, or additional living space to suit your needs. Perfect for those looking to downsize, simplify, or enjoy your retirement years, Southcove offers comfortable, low maintenance living in a welcoming community. For just $125 + HST per month, lawn cutting and snow removal are taken care of giving you more time to enjoy the things you love and less time worrying about outdoor maintenance. If you've been thinking about making a move, this lovely home in Southcove might be exactly what you've been looking for!

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$459,920
Land Transfer Taxes$7,973
Legal Fees (Est.)
$
Total cash required for closing$124,453

Total Monthly Obligation

$2,967/mo
Mortgage $2,319
Monthly Loss $2,357
Principal$610
Interest$1,709
Property Tax$273
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%23
Cash-on-Cash
-6.1%2
5-Year IRR
10.8%41
10-Year IRR
11.3%
Returns Index
21.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$20,299/yr
Net Cash Flow
-$627/mo
Cash Margin
-24.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
28.0/ 100

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

Comparables

Properties near 407 Warren Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.