$1,399,900

For saleJust listed

225 Watson, Windsor - Multi-family for Sale

225 Watson, Windsor, Ontario, N8S3R8

37,984 sq ft (0.87 ac) lot sizeListed 2 days ago

Overview

This multi-family property in Windsor is for sale. It has been on the market 2 days, fresher than the Windsor average of 69 days.

515 & 513 CARON, Windsor, Ontario, N9A5B5

Lot size 50 × 141 ft (7,025 sq ft)

Listed by REMAX PREFERRED REALTY LTD. - 585

For saleJust listed

Yesterday

$450K

1130 Langlois, Windsor, Ontario, N9A2H5

Lot size 30 × 147 ft (4,423 sq ft)

Listed by ROYAL LEPAGE BINDER REAL ESTATE

930-934 Howard, Windsor, Ontario, N9A1S5

For saleJust listed

4 days ago

$500K

930-934 Howard, Windsor, Ontario, N9A1S5

Lot size 30 × 142 ft (4,260 sq ft)

Listed by ROYAL LEPAGE BINDER REAL ESTATE

1388-90 GOYEAU Street, Windsor, Ontario, N8X3L1

For saleJust listed

6 days ago

$400K

1388-90 GOYEAU Street, Windsor, Ontario, N8X3L1

Lot size 3,964 sq ft

Listed by REMAX PREFERRED REALTY LTD. - 584

Investment analysis

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$1,399,900

Windsor

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Description

Rare opportunity! Prime Investment or Owner-Occupier on early retirement. Near Riverside Drive! Rare 6-unit solid brick apartment building situated on nearly 1 acre of high-density RD 3.15 zoned land. Incredible opportunity with massive future infill or development potential. Next to a newly built condo complex. Excellent Unit Mix: 4 x 2-bed, 1 x 1-bed, 1 x bachelor. One 2-bedroom unit is currently vacant. Solid brick building with two concrete stairways, atrium, balconies, 8 parking spots, 4 car garage with partly finished living space in the upper lvl- drywall, 3 skylights and patio door, plus solar panels with extra income. Dont miss this fantastic opportunity! (id:66096)

Property Details

MLS®: 26026865
Property Type: Multi-family
Zoning: R3.15
Lot Size: 37,984 sq ft (0.87 ac)
Units: 6
Year Built: 1971
Storeys: 2
Heating: Baseboard heaters, Space Heater, Electric, Natural gas, Furnace
Garage: Other
Ownership: Freehold
Listed: 2 days ago

Rooms

Main level

3pc Bathroom
Bedroom
Bedroom
Kitchen
Kitchen/Dining room
Foyer

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

Features

Flooring: Laminate, Carpeted, Ceramic/Porcelain
Foundation: Block
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Windsor listings, avg age

69d

List price

$1.40M

Haho

This multi-family in Windsor has been listed for 2 days, which is 67 days fresher than the city average of 69. Act while there is still low competition.

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Listed by REMAX PREFERRED REALTY LTD. - 585 · BARBARA OCZACHOWSKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N8S)

This home lists at $1,399,900, about 19.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $273,449 (20% down, 25-yr amortization, stress-tested) — roughly 277% above the area median.

Median household income: $72,500
Population: 22,354
Median age: 46.8
Owner / renter: 64% / 36%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N8S)

$1,399,900

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,990

Min 8.21%50%

Mortgage payment$7,124/mo

↳ CMHC premium ($51,396 capitalized)

Est. property tax$1,167/mo

Total monthly$8,290

Cash Needed to Close

Down payment (8.21%)$114,990

Land transfer tax$24,473

Est. closing costs$6,700

Total cash needed$146,163

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice