Why pay rent when you can own? This charming and versatile property presents an exceptional opportunity for first-time buyers or savvy investors alike. The main floor has undergone extensive renovations, highlighting an updated galley-style kitchen, an office/storage room, a refreshed 4-piece bathroom with main floor laundry, and light-filled living and dining areas featuring new drywalled ceilings, stylish pot lights, and character-rich original hardwood floors. Designed for easy living, the main level also includes a welcoming enclosed porch and a functional mudroom. Upstairs, you will find three comfortable bedrooms and a second 4-piece bathroom needing some TLC. Key updates provide peace of mind, including all-new windows, a newer decorative steel roof, and efficient forced-air gas heating. Outside, enjoy a fully fenced backyard and a detached single-car garage (12x18). Centrally located just steps from downtown shopping, dining, and entertainment, this home is packed with potential and truly a must-see! More photos coming soon
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $400 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 87 Elgin Ave E
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
3 spacesYes garage
Basement
Walk-Out, Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
3
Interior
Basement
Walk-Out · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
87 Elgin Ave E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14118510$439,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 87 Elgin Ave E Compares to the Goderich Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,161
/mo
based on the purchase price of $439,900
$87,980 cash
$351,920 financed
$296,409 total interest
Principal54%$351,920
Interest46%$296,409
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Goderich
Other 2–3 bed homes for sale in Goderich around $440K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings83Homes for sale here right now.
Median vs prior 90 days−7.8%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 52 sales from Jul 28 – Oct 26, 2026 (39 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 87 Elgin Ave E
How much is 87 Elgin Ave E listed for?
87 Elgin Ave E is listed at $439,900 (MLS® X14118510). Summitly updates the price as soon as the MLS® record changes.
Is $439,900 a good price for 87 Elgin Ave E?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Goderich. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 87 Elgin Ave E changed?
No — 87 Elgin Ave E is still listed at its original asking price of $439,900.
How many bedrooms and bathrooms does 87 Elgin Ave E have?
87 Elgin Ave E has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Goderich.
How much would the monthly mortgage be on 87 Elgin Ave E?
About $2,161 a month — principal and interest on $439,900 with 20% down ($87,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 87 Elgin Ave E compare with other homes in Goderich?
Its asking price of $439,900 is about 22% below the median sold price in Goderich over the last 90 days, $566,000, across 52 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 87 Elgin Ave E been sold before?
Summitly has no earlier MLS® sale or lease of 87 Elgin Ave E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 87 Elgin Ave E?
87 Elgin Ave E is in Goderich, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 87 Elgin Ave E been on the market?
87 Elgin Ave E was listed today (October 26, 2026).
What is the price per square foot of 87 Elgin Ave E?
About $293 to $400 per square foot: the asking price of $439,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 87 Elgin Ave E have parking or a garage?
Yes — the listing gives 3 parking spaces. Garage: Yes.
Does 87 Elgin Ave E have a basement, and is it finished?
The listing describes the basement as: Walk-Out, Full.
