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.
PRIME COMMERCIAL LOCATION! Opportunity knocks with this Majestic 1873 Yellow Brick Century Home, with excellent exposure on Highway 21 in Goderich and offering exceptional possibilities under C5 zoning. Previously operated as a long-established fine dining restaurant, this impressive historic property has undergone extensive renovations over the years and has been meticulously maintained by its current owners. Rich in character and architectural charm, the building offers a distinctive presence both inside and out. The spacious upper level features a three-bedroom apartment with a covered porch, providing beautiful private accommodations or potential additional income. Generous attic space offers potential for the creation of further usable space. Situated along the highly travelled Lake Huron shoreline route, the property enjoys excellent exposure to tourists and local traffic alike. Its convenient location is also close to the downtown core of Goderich-widely known as "Canada's Prettiest Town". Whether envisioned as a restaurant, hospitality destination, commercial venture, or another creative use permitted under C5 zoning, this remarkable property combines historic character, visibility, location, and versatility. A rare opportunity in a prime Goderich location-bring your vision and make it your own! ***Restaurant equipment available for purchase from third party at an additional cost.
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
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$4,373/mo
Mortgage (principal + interest)$3,737
Property taxFrom listing: $7,635/yr$636
Minimum $74,900 down for this price; the slider moves in whole percent, starting at 8%. 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$199,800
Ontario land transfer taxProvincial brackets, no first-time refund$16,455
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$219,055
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.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
