$379,900

For sale

855 LINCOLN Road, Windsor - Multi-family for Sale

855 LINCOLN Road, Windsor, Ontario, N8Y2G9

30 × 114 ft (3,420 sq ft) lot sizeListed 33 days ago

Overview

This multi-family property in Windsor is for sale. It has been on the market 33 days, fresher than the Windsor average of 69 days.

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

Description

***MAIN FLOOR IS VACANT*** Opportunity knocks with this beautifully 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 2 spacious bedrooms, 1 modern bathroom, updated kitchen, full basement with laundry and numerous upgrades throughout—including new flooring, fresh paint, a brand-new kitchen, updated bathroom, and an all-new HVAC system for year-round comfort. The upper unit is a charming 1 bed, 1 bath suite currently tenanted, providing immediate rental income. Tenants enjoy their own separate hydro making utilities simple and independent for each unit. A new A/C unit (installed 3 years ago) adds to the comfort and efficiency of this solid investment. Whether you're a savvy investor or looking to live in one unit and rent the other, 855 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! (id:66096)

Property Details

MLS®: 26024321
Property Type: Multi-family
Zoning: RD1.3
Lot Size: 30 × 114 ft (3,420 sq ft)
Units: 2
Year Built: 1909
Storeys: 2
Heating: Forced air, Natural gas, Furnace
Cooling: Central air conditioning
Ownership: Freehold
Listed: 33 days ago

Rooms

Second level

4pc Bathroom
Kitchen
Bedroom
Living room

Main level

4pc Bathroom
Kitchen
Living room
Bedroom
Bedroom

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

Features

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Windsor listings, avg age

69d

List price

$380K

Haho

This multi-family in Windsor has been listed for 33 days, which is 36 days fresher than the city average of 69. Act while there is still low competition.

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Listed by REMAX CAPITAL DIAMOND REALTY · PAUL GERMANESE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N8Y)

This home lists at $379,900, about 6.0× the local median household income of $62,800.

Carrying it typically needs a household income of about $74,208 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$379,900

For sale

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Full Cost Breakdown

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Down Payment5% · $18,995

Min 5%50%

Mortgage payment$2,001/mo

↳ CMHC premium ($14,436 capitalized)

Est. property tax$317/mo

Total monthly$2,318

Cash Needed to Close

Down payment (5%)$18,995

Land transfer tax$4,174

Est. closing costs$3,640

Total cash needed$26,809

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