771 Goderich Street, Saugeen Shores

$524,900
771 Goderich Street

$524,900

New
8d
DetachedBungalow

771 Goderich Street, Saugeen Shores

Total Monthly Obligation $2,665

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
8d
Score
27
Yield
6.6%
Cash on Cash
5.2%
Cap Rate
5.7%
5Y IRR
19.7%
10Y IRR
18.0%
Property Type-Detached
MLS® Number-X14081552
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-66 × 132 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,067 (2026)
Parking-3 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Land Exchange Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Other
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-earlier if assuming tenant
Neighbourhood-Saugeen Shores
Title-Residential Freehold

No agent assigned

Conveniently located in central Port Elgin, this 2-bedroom bungalow sits on a corner lot with a private backyard surrounded by mature trees, offering plenty of privacy. With Commercial zoning and excellent visibility along Goderich Street, the property also offers potential for a business or home-based business, subject to applicable zoning and approvals. The main floor features a comfortable living room, kitchen, two bedrooms and a 4-piece bathroom. The unfinished basement is ideal for storage, a laundry room and or future family room. The home also offers a natural gas furnace, air conditioning and replacement windows throughout much of the home. A detached single-car garage provides additional parking and storage. Close to the medical centre, shopping and other everyday amenities, this property combines a convenient central location with plenty of potential. Adding to its appeal, the neighbouring property MLS#X14081832 is also being offered for sale, presenting an opportunity to acquire two adjoining properties in a highly visible, central location. With commercial zoning identified for the properties, the combined parcels may offer possibilities for future residential intensification, multi-unit development, or commercial uses, subject to municipal zoning requirements and approvals. Whether you're looking to expand your investment portfolio, explore redevelopment opportunities, or secure property in a desirable central location, this is an opportunity worth considering.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$419,920
Land Transfer Taxes$6,973
Legal Fees (Est.)
$
Total cash required for closing$113,453

Total Monthly Obligation

$2,665/mo
Mortgage $2,117
Monthly Loss $2,107
Principal$557
Interest$1,560
Property Tax$172
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%34
Cash-on-Cash
-0.8%6
5-Year IRR
15.0%71
10-Year IRR
14.6%
Returns Index
37.8/ 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
$34,500/yr
NOI
$24,483/yr
Net Cash Flow
-$77/mo
Cash Margin
-2.7%3
Cash Flow Index
2.8/ 100
Risk Profile
Weight: 20%
DSCR
0.9624
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
34.5/ 100

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

Comparables

Properties near 771 Goderich Street

Time

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