55 Caledonia Terrace, Goderich

$599,900
55 Caledonia Terrace

$599,900

New
4d
DetachedBungalow

55 Caledonia Terrace, Goderich

Total Monthly Obligation $3,210

Beds
2
Baths
2
Park
3
Sqft
1100-1500
DOM
4d
Score
17
Yield
4.0%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Detached
MLS® Number-X14092434
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-54 × 104 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,985 (2025)
Parking-3 - None
Basement-Partially Finished
Heating-Heat Pump (Electric)
Brokerage-Coldwell Banker All Points-Festival City Realty
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Metal/Steel Siding
Roof-Asphalt Shingle, Membrane
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Goderich (Town)
Title-Residential Freehold

No agent assigned

Beautifully renovated brick bungalow across from Taylor Morrison Park (Corner of Waterloo and Caledonia Terrace), offering bright, comfortable main-floor living and lovely views of Goderich Harbour and Lake Huron sunsets. Large windows fill the home with natural light, while the updated chef's kitchen features high-end appliances, elegant cabinetry, and a quartz island and backsplash - perfect for everyday living and entertaining.Enjoy year-round comfort with a boiler heating system and heat pump. Recent updates include flooring throughout, refreshed bathrooms, an upgraded electrical panel and wiring, a heat pump, and a new driveway and walkways with turfstone pavers. Outdoors, the newly landscaped, fully fenced backyard offers a private patio for relaxing and enjoying warm-weather evenings. Set in the historic lakeside town of Goderich, this home is close to the harbour, marina, Maitland River, boardwalk, gardens, restaurants, independent shops, and the newly designed Courthouse square. A short walk away, find scenic trail connections to North Harbour Road, Menesetung Bridge, and the G2G Trail. Lovingly maintained and move-in ready, this is an inviting opportunity to enjoy comfortable living in a wonderful location. Enjoy sunsets on the benches across the road!!

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,210/mo
Mortgage $2,420
Monthly Loss $2,573
Principal$637
Interest$1,783
Property Tax$415
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.1%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$24,000/yr
NOI
$12,115/yr
Net Cash Flow
-$1,410/mo
Cash Margin
-70.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.0/ 100

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

Comparables

Properties near 55 Caledonia Terrace

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