$899,900

For sale

655 CHILVER Road, Windsor - Multi-family for Sale

655 CHILVER Road, Windsor, Ontario, N8Y2K1

40 × 90 ft (3,632 sq ft) lot sizeListed 8 days ago

Overview

This multi-family property in Windsor is for sale. It has been on the market 8 days, fresher than the Windsor average of 69 days.

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

Description

Exceptional investment opportunity in the heart of Old Walkerville! This well-maintained 8-unit multifamily property is located in one of Windsor's most sought-after neighbourhoods, just steps from restaurants, cafés, shopping, the VIA Rail station, and minutes to the Detroit–Windsor Tunnel. The building features 4 bachelor units, 3 one-bedroom units, and 1 two-bedroom unit, with all suites in excellent condition, offering a turnkey investment with strong tenant appeal. Situated in one of Windsor's hottest rental markets, this is an outstanding opportunity for investors looking to expand their portfolio with a quality asset in a prime location. Don't miss your chance to own this incredible income-producing property in one of Windsor's premier neighbourhoods. SCHOOLS, PARKS, SHOPPING, AND ALL AMENITIES. A FANTASTIC OPPORTUNITY FOR FIRST-TIME BUYERS, DOWNSIZERS, OR INVESTORS. (id:66096)

Property Details

MLS®: 26026368
Property Type: Multi-family
Zoning: RD2.2
Lot Size: 40 × 90 ft (3,632 sq ft)
Units: 8
Storeys: 3
Heating: Baseboard heaters, Electric, Natural gas
Garage: Other
Ownership: Freehold
Listed: 8 days ago

Rooms

Lower level

1pc Bathroom
Storage
Bedroom
Bedroom

Third level

1pc Bathroom
Bedroom
Bedroom

Second level

2pc Bathroom
Bedroom
Bedroom

Main level

3pc Bathroom
Bedroom

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

Features

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Windsor listings, avg age

69d

List price

$900K

Haho

This multi-family in Windsor has been listed for 8 days, which is 61 days fresher than the city average of 69. Act while there is still low competition.

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Listed by REMAX CARE REALTY · GORAN TODOROVIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N8Y)

This home lists at $899,900, about 14.3× the local median household income of $62,800.

Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 180% 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)

$899,900

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.22% · $64,990

Min 7.22%50%

Mortgage payment$4,629/mo

↳ CMHC premium ($33,396 capitalized)

Est. property tax$750/mo

Total monthly$5,379

Cash Needed to Close

Down payment (7.22%)$64,990

Land transfer tax$14,473

Est. closing costs$5,200

Total cash needed$84,663

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