$369,900

For sale

1022-1024 LINCOLN Road, Windsor - Multi-family for Sale

1022-1024 LINCOLN Road, Windsor, Ontario, N8Y2H4

Listed 12 days ago

Overview

This multi-family property in Windsor is for sale. It has been on the market 12 days, fresher than the Windsor average of 68 days.

Multi-Family Properties for Sale in Windsor →All real estate in Windsor →

Description

MAIN FLOOR IS VACANT, Opportunity knocks with this updated duplex in the heart of Walkerville, just steps from Willistead Park and the Walkerville entertainment district! The main floor unit is freshly renovated and move-in ready, featuring 3 bedrooms, 1 bathroom, kitchen, full basement with laundry. The upper unit is a charming 3 bed, 1 bath suite currently tenanted, providing immediate rental income of $1499 plus gas & hydro. Two hydro and gas meter, one water bill. Furnaces updated in 2018. Whether you're a savvy investor or looking to live in one unit and rent the other, 1022-1024 Lincoln offers great flexibility and value in a prime location. Don’t miss your chance to own this updated, income-generating property in one of Windsor’s most desirable neighborhoods!Seller reserves the right to accept or reject any and all offers. (id:66096)

Property Details

MLS®: 26025987
Property Type: Multi-family
Zoning: RD2.1
Units: 2
Storeys: 2
Heating: Natural gas, Furnace
Ownership: Freehold
Listed: 12 days ago

Rooms

Basement

Storage
Utility room
Laundry room

Second level

Dining room
Living room
Kitchen
Bedroom
Bedroom
Bedroom

Main level

4pc Bathroom
Dining room
Kitchen
Living room
Bedroom
Bedroom

Features

Flooring: Hardwood, Ceramic/Porcelain
Foundation: Block
Exterior: Aluminum/Vinyl

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Windsor listings, avg age

68d

List price

$370K

Haho

This multi-family in Windsor has been listed for 12 days, which is 56 days fresher than the city average of 68. Act while there is still low competition.

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Listed by LC PLATINUM REALTY INC. · JUDY GU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N8Y)

This home lists at $369,900, about 5.9× the local median household income of $62,800.

Carrying it typically needs a household income of about $72,254 (20% down, 25-yr amortization, stress-tested) — roughly 15% above the area median.

Median household income: $62,800
Population: 19,254
Median age: 42.8
Owner / renter: 57% / 43%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N8Y)

$369,900

For sale

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Full Cost Breakdown

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Down Payment5% · $18,495

Min 5%50%

Mortgage payment$1,948/mo

↳ CMHC premium ($14,056 capitalized)

Est. property tax$308/mo

Total monthly$2,257

Cash Needed to Close

Down payment (5%)$18,495

Land transfer tax$4,024

Est. closing costs$3,610

Total cash needed$26,129

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