129 Bayfield Road, Goderich

$439,900
129 Bayfield Road

$439,900

Extension
22d
Detached1 1/2 Storey

129 Bayfield Road, Goderich

Total Monthly Obligation $2,435

Beds
3
Baths
1
Park
2
Sqft
1100-1500
DOM
22d
Score
27
Yield
7.1%
Cash on Cash
5.5%
Cap Rate
5.8%
5Y IRR
20.0%
10Y IRR
18.2%
Property Type-Detached
MLS® Number-X13855386
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-62.8 × 135 ft
Listed on site-Oct 1, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,422.87 (2025)
Parking-2 - None
Basement-Walk-Out, Unfinished
Heating-Other (Gas)
Brokerage-Royal LePage Heartland Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Stucco (Plaster), Other
Roof-Asphalt Shingle
Foundation-Stone, Poured Concrete
Sewer-Sewer
Possession-Other
Neighbourhood-Goderich (Town)
Title-Residential Freehold

No agent assigned

Character, updates and a convenient location await at 129 Bayfield Road in Goderich! Within walking distance to the downtown shopping centre, YMCA and schools, this 3-bedroom home brings together everyday practicality and the charm of a neighbourhood. The stucco exterior and welcoming covered porch create an inviting first impression, with a sheltered space to sip your morning coffee, greet neighbours or unwind at the end of the day.Inside, the renovated kitchen is a highlight, featuring soft grey cabinetry, a contrasting dark backsplash, open shelving and generous counter space. Whether preparing a breakfast or trying a favourite recipe, this space offers a pleasing blend of style and function. Updated flooring adds a fresh touch while complementing the home's character and providing a backdrop for your own furnishings and decor. Three bedrooms offer flexibility for family living, overnight guests or a dedicated home office.Step outside to a spacious backyard with room for gardening, summer barbecues and outdoor play. Mature trees add to the setting, while the outdoor space invites you to create your own favourite place to relax. The 10' x 16' backyard workshop with hydro is a standout feature, offering a practical space for hobbies, projects, tools and seasonal storage. Whether you enjoy working with your hands or simply appreciate extra room to keep things organized, this versatile building is a welcome addition.Leave the car at home and enjoy the convenience of walking to downtown shopping, heading to the YMCA or getting to nearby schools. Spend your free time exploring Goderich's historic downtown, enjoying local restaurants or taking in the Lake Huron shoreline and its celebrated sunsets. From the covered porch and renovated kitchen to the backyard and powered workshop, there is plenty here to appreciate. An appealing opportunity for first-time buyers, those looking to downsize or anyone seeking a home with character in this welcoming lakeside community.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$351,920
Land Transfer Taxes$5,273
Legal Fees (Est.)
$
Total cash required for closing$94,753

Total Monthly Obligation

$2,435/mo
Mortgage $1,774
Monthly Loss $1,968
Principal$467
Interest$1,307
Property Tax$285
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.2%6
5-Year IRR
14.8%70
10-Year IRR
14.5%
Returns Index
36.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$20,157/yr
Net Cash Flow
-$95/mo
Cash Margin
-3.6%2
Cash Flow Index
2.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9523
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
36.1/ 100

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

Comparables

Properties near 129 Bayfield Road

Time

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