The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
STATELY RED BRICK CHARACTER MEETS INCOME POTENTIAL at 5 Britannia Rd W. Prominently positioned on an oversized corner lot, this impressive 2.5-storey duplex offers timeless curb appeal in a convenient location within walking distance to Goderich's vibrant downtown core and just a few blocks from the shores of Lake Huron.Thoughtfully renovated and well maintained, the property offers two self-contained units, making it an excellent opportunity for investors, multi-generational living, or those looking to live in one unit while generating income from the other. The main-floor unit features a custom kitchen crafted by a local cabinetmaker with maple cabinetry and butcher block countertops. The updated bathroom includes a custom vanity and beautifully tiled shower, while a private deck and fenced yard provide dedicated outdoor space. The dining room was previously used as a second bedroom and has a built in Murphy bed. The upper unit is also accessed through the charming covered front porch, where a beautiful staircase, natural light and original woodwork showcase the home's character. Upstairs you'll find a bright renovated kitchen, spacious bedroom, comfortable living room(or currently used as a second bedroom) and spa-inspired 3-piece bathroom. A stackable washer and dryer adds everyday convenience.Both units are separately metered, offering added ease for tenants and owners alike. With its striking exterior, generous lot, desirable location and flexible living options, this distinctive property presents an opportunity to own a piece of Goderich character while enjoying the benefits of a duplex.Disclosure: Photos of the upper unit are from when Seller's purchased.
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,985/mo
Mortgage (principal + interest)$2,543
Property taxFrom listing: $5,296/yr$441
Minimum $42,990 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$135,980
Ontario land transfer taxProvincial brackets, no first-time refund$10,073
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$148,853
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Goderich has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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