$449,900

For sale

2176 MCDOUGALL, Windsor - Single Family for Sale

2176 MCDOUGALL, Windsor, Ontario, N8X3N3

4 beds2 baths33 × 184 ft (6,058 sq ft) lot sizeListed 32 days ago

Overview

This 4-bedroom, 2-bathroom home in Windsor is for sale. Listed at $449,900, it is attractively priced about 6% below the $479,900 median asking price in Windsor. It has been on the market 32 days, fresher than the Windsor average of 68 days.

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Description

ATTENTION INVESTORS! Excellent income-producing opportunity featuring 2 residential units plus a 1,960 sq. ft. detached garage/workshop. Lower unit rents for $1,695/month + utilities, upper unit $1,125/month + utilities, and garage $550/month + utilities, generating $40,440 in gross annual income. Great tenants in place with property management already established. Major updates include a new residential roof in 2024, steel garage roof in 2020 and new windows throughout the residential units in 2019. Separate gas and hydro meters; owner pays water. The commercial garage offers powered storage/workshop space with a propane furnace, adding another valuable income stream to this unique property. Ideally located close to parks, schools, shopping, public transit and everyday amenities. A versatile investment with multiple revenue streams and several major updates already completed. Fantastic opportunity to add a well-maintained income property to your portfolio! (id:66096)

Property Details

MLS®: 26024450
Property Type: Single Family
Zoning: RESID
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Lot Size: 33 × 184 ft (6,058 sq ft)
Storeys: 1
Heating: Natural gas, Furnace
Cooling: Central air conditioning
Garage: Detached Garage
Fireplace: Yes
Ownership: Freehold
Listed: 32 days ago

Rooms

Main level

4pc Bathroom
Living room
Bedroom
Bedroom
Kitchen
4pc Bathroom

Second level

Primary Bedroom
Living room
Dining room
Primary Bedroom
Bedroom
Kitchen

Lower level

Utility room
Laundry room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dryer, Two stoves, Two Refrigerators
Flooring: Carpeted, Cushion/Lino/Vinyl
Foundation: Block
Exterior: Aluminum/Vinyl
Lot Features: Concrete Driveway, Front Driveway, Rear Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Windsor listings, avg age

68d

List price

$450K

Haho

This 4-bed single family in Windsor has been listed for 32 days, which is 36 days fresher than the city average of 68. Act while there is still low competition.

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Listed by REALTY ONE GROUP ICONIC BROKERAGE · CRISTINA GAZO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N8X)

This home lists at $449,900, about 7.5× the local median household income of $60,000.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 46% above the area median.

Median household income: $60,000
Population: 16,457
Median age: 39.2
Owner / renter: 52% / 48%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N8X)

$449,900

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Est. property tax$375/mo

Total monthly$2,745

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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