Description

Exceptional 27-unit mixed-use investment opportunity in a prime Windsor location. This solid building features 21 residential units (17×1 bed, 4×2 bed) and 6 commercial units, offering a well-balanced asset with strong long-term potential. Many units are currently below market rents, providing excellent value-add opportunity through updates and future rent optimization. Property includes 13 underground parking spaces plus additional outdoor parking. Located in a well-established neighborhood close to hospitals, Erie Street (Little Italy), Walkerville, parks, shopping, restaurants, and everyday amenities. A rare opportunity to acquire a large-scale multi-unit asset with upside potential. (id:66096)

Market Timing

Days on market

15d

Windsor listings, avg age

68d

List price

$4.10M

Haho

This industrial in Windsor has been listed for 15 days, which is 53 days fresher than the city average of 68. Act while there is still low competition.

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Area context

Neighbourhood profile (N9A)

This home lists at $4,100,000, about 90.7× the local median household income of $45,200.

Carrying it typically needs a household income of about $800,874 (20% down, 25-yr amortization, stress-tested) — roughly 1672% above the area median.

Median household income: $45,200
Population: 26,107
Median age: 38.8
Owner / renter: 30% / 70%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA N9A)

$4,100,000

For sale

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Financing

Need a commercial mortgage?

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995 ELSMERE, Windsor - Industrial for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N9A)

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Need a commercial mortgage?