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

Forced Air, Radiant Heat

$475,000

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:15069)

Property Details

MLS® Number 26023803
Property Type Multi-family

Building

Amenities Shopping Area
Exterior Finish Brick
Flooring Type Mixed Flooring
Foundation Type Unknown
Heating Fuel Electric, Natural Gas
Heating Type Forced Air, Radiant Heat
Stories Total 2
Type Fourplex

Parking

Other 14

Land

Acreage No
Size Irregular 40 X 150 Ft
Size Total Text 40 X 150 Ft
Zoning Description Cd2.2

Rooms

Level Type Dimensions
Second Level 4pc Bathroom Measurements not available
Second Level 4pc Bathroom Measurements not available
Second Level Bedroom Measurements not available
Second Level Bedroom Measurements not available
Second Level Living Room Measurements not available
Second Level Kitchen Measurements not available
Second Level Bedroom Measurements not available
Second Level Bedroom Measurements not available
Second Level Living Room Measurements not available
Second Level Kitchen Measurements not available
Main Level 2pc Bathroom Measurements not available
Main Level 2pc Bathroom Measurements not available
Main Level Other Measurements not available
Main Level Kitchen Measurements not available
Main Level Office Measurements not available

https://www.realtor.ca/real-estate/30336290/1603-1611-university-avenue-west-windsor

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