761 Assumption Street Windsor, Ontario N9A 3B7
Forced Air, Furnace
$424,888
THIS PROPERTY CASH FLOWS. GREAT TENANTS. WELL MAINTAINED. You are likely looking at 10,000+ duplexes, we get it. Focus on this one. Being sold at a 6.5% cap rate, & 1.38 Debt Coverage Ratio at the asking price, generating a provable Annual Net Cash Flow of $7,305 from day one (assuming a 80% Loan to Value mortgage). Fully rented to great tenants that pay on time, and they pay their own utilities on separate hydro & gas meters that shift utility burdens away from the owner. Positioned on an expansive 182-ft deep lot, so tons of room for a future Additional Dwelling Unit (ADU) in the back yard. Additional parking can be added off the alley as well. With a rock-solid Net Operating Income (NOI) of $26,589 and $48,210 in projected mortgage principal reduction over five years, this is a wealth-building asset designed for investors who refuse to settle for average returns. Please allow 36 hours for showings. Cash flow analysis etc. upon request! (id:15069)
Property Details
| MLS® Number | 26016327 |
| Property Type | Multi-family |
| Equipment Type | Water Heater - Gas |
| Rental Equipment Type | Water Heater - Gas |
Building
| Exterior Finish | Aluminum/vinyl |
| Flooring Type | Cushion/lino/vinyl |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Furnace |
| Stories Total | 1 |
| Type | Duplex |
Parking
| Other | 1 |
Land
| Acreage | No |
| Size Irregular | 31.80 X 182 Ft |
| Size Total Text | 31.80 X 182 Ft |
| Zoning Description | Rd2.2 |
https://www.realtor.ca/real-estate/30004171/761-assumption-street-windsor
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July 08 2026 01:56:50
Windsor-Essex County Association of REALTORS®
Manor Windsor Realty Ltd.