1603-1611 University Avenue West, Windsor, Ontario N9B 1C3

Listed for:
$475,000
0 beds
0 baths
Listed 2 days ago
Fourplex for rent: 1603-1611 University Avenue West, Windsor, Ontario N9B 1C3

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About

CORNER OF McEWAN AND UNIVERSITY WEST, ONE BLOCK EAST OF CAMPBELL AVE TURN KEY INVESTMENT OPPORTUNITY WITH PROMISING $66,000 ANNUAL GROSS RENTAL INCOME (APPROX) IN A HIGH-DEMAND CORRIDOR! THIS MIXED USE 4-UNIT PROPERTY FEATURES A 12 CAR PAVED PARKING LOT AND IS PROMINENTLY SITUATED AT A CORNER LOCATION. THIS 2 STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, STRONG RENTAL DEMAND, UPDATED STREET/SIDEWALK IMPROVEMENTS, WALKING DISTANCE TO UNIVERSITY OF WINDSOR AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE, ONE UNIT IS CURRENTLY OWNER OCCUPIED. THE SECOND FLOOR CONSISTS OF TWO NEWLY REFURBISHED, FRESHLY PAINTED SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, NEW OWNER HAS THE FLEXIBILITY TO SELECT TENANTS AND ESTABLISH CURRENT RENTAL RATES OFFERING EXCELLENT INCOME AND UPSIDE POTENTIAL. 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE COMMERCIAL UNITS, NEWER ENERGY EFFICIENT GAS HOT WATER TANK OWNED. BUYER TO COMPLETE THEIR OWN DUE DILIGENCE. SELLER HAS THE RIGHT TO ACCEPT OR REJECT ANY AND ALL OFFERS. (id:27476)

Property Highlights

MLS® Number
26023803
Type
Multi-family
Ownership Type
Freehold
Land Size
40 X 150 FT

Building

Building Type
Fourplex
Storeys
2.00
Amenities
Shopping Area
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air, Radiant heat
Heating Fuel
Electric, Natural gas
Building Cooling Type

Location

Learn more about this property
Listing provided by:
BUCKINGHAM REALTY (WINDSOR) LTD.
MLS® number:
26023803
Agent:
Seamus Power
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