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$449,000
Windsor
748 PIERRE, Windsor, Ontario, N9A2K5
This multi-family property in Windsor is for sale. It has been on the market 15 days, fresher than the Windsor average of 69 days.
Attention investors! Solid income-producing 3 unit property offering excellent cash flow and future upside. The spacious main floor unit features 2 large bedrooms, a generous kitchen, dining room, and a 4-piece bath, with laundry, a shower, and a large unfinished storage area in the basement. The upper front unit offers 2 bedrooms, an eat-in kitchen, living room, and a 4-piece bath, while the upper rear bachelor unit includes its own kitchen and 3-piece bath. Additional features include a covered front porch, second-floor balcony, and a detached 1.5-car garage generating additional rental income. Current gross rental income is approximately $4,000/month, with tenants paying utilities except for 50% of the water and electricity for the bachelor unit. Low operating expenses and strong income make this an excellent opportunity for both new and experienced investors. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 69 days across the listings currently for sale in this city
This multi-family in Windsor has been listed for 15 days, which is 54 days fresher than the city average of 69. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $449,000, about 9.9× the local median household income of $45,200.
Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.
Source: Statistics Canada, 2021 Census (FSA N9A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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