471 Woodridge Drive, Goderich

$750,000
471 Woodridge Drive

$750,000

New
6d
Detached2-Storey

471 Woodridge Drive, Goderich

Total Monthly Obligation $3,907

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
6d
Score
16
Yield
4.1%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Detached
MLS® Number-X14092290
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-17.1 × 30 ft
Listed on site-Oct 17, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$6,079.95 (2026)
Parking-5 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Reliable Realty Inc
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Goderich (Town)
Title-Residential Freehold

No agent assigned

Welcome to 471 Woodridge Dr! This inviting two-storey home, known as the "Shoreline" is located in the desirable Coast subdivision. Featuring 3 bedrooms and 3 bathrooms, this home offers a functional layout, perfect for families and everyday living. Come into the mudroom through the single attached garage, making bringing your groceries in a breeze! The main floor boasts an open concept kitchen, dining and living room area, making it ideal for entertaining. Off of the main area, there is a convenient 2-piece bathroom. Upstairs, you will find 3 bright and good sized bedrooms. The spacious primary suite has a beautiful 3-piece ensuite and walk-in closet. The well designed main bathroom features a separate space for the toilet and tub/shower, with the sink and vanity in an adjoining area. A 2nd floor laundry room adds convenience for those everyday chores. The unfinished basement is currently being used as storage, yet offers plenty of potential for future living space, with a bathroom rough-in already in place. Take time to appreciate the kitchen and bathrooms hard surface counter tops, wide plank floors and natural light. This home is situated just steps away from a newly built park where you can take in the beautiful Lake Huron sunsets. Schools, recreational activities, shopping and restaurants are all within walking distance, making this a fantastic opportunity to enjoy the convenience of being in a great location. Enjoy the lifestyle that comes with lakeside living!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$600,000
Land Transfer Taxes$11,475
Legal Fees (Est.)
$
Total cash required for closing$162,975

Total Monthly Obligation

$3,907/mo
Mortgage $3,025
Monthly Loss $3,111
Principal$796
Interest$2,229
Property Tax$507
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-11.9%0
5-Year IRR
6.3%15
10-Year IRR
7.8%
Returns Index
9.0/ 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
$30,756/yr
NOI
$17,100/yr
Net Cash Flow
-$1,600/mo
Cash Margin
-62.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
20.7/ 100

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

Comparables

Properties near 471 Woodridge Drive

Time

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