1623-25 DROUILLARD
Windsor, Ontario
Industrial
ATTENTION INVESTORS AND BUSINESS OWNERS LOOKING FOR SPACE TO OPERATE. FULLY VACANT MIXED-USE BUILDING WITH STRONG CASH FLOW POTENTIAL AND AN ESTIMATED 7.1% CAP RATE AT MARKET RENTS. IDEAL FOR A BUSINESS OWNER TO OCCUPY THE COMMERCIAL SPACE WHILE GENERATING RESIDENTIAL INCOME, OR FOR AN INVESTOR TO LEASE ALL UNITS AT MARKET RATES. PROPERTY FEATURES ONE COMMERCIAL UNIT AND TWO RESIDENTIAL UNITS, ALL VACANT, PROVIDING IMMEDIATE FLEXIBILITY. COMMERCIAL UNIT HAS JUST BEEN COMPLETELY RENOVATED WITH A MODERN DESIGN AND A BRAND-NEW BATHROOM, MAKING IT MOVE-IN READY. RESIDENTIAL UNITS FEATURE UPDATED KITCHENS AND BATHROOMS. UNIT MIX INCLUDES A VACANT COMMERCIAL SPACE, VACANT 2-BEDROOM APARTMENT, AND VACANT BACHELOR APARTMENT. TWO HYDRO METERS AND ONE GAS METER. REAR PARKING WITH FOUR SPACES. OWNED TANKLESS HOT WATER SYSTEM APPROXIMATELY FIVE YEARS OLD PLUS NEW FURNACE AND A/C. ESTIMATED MARKET RENTS: COMMERCIAL $1,900, 2-BEDROOM $1,350, BACHELOR $950.
Price History
Community
Postal area N8Y
- Population
- 19,254
- Private dwellings
- 9,686
- Median age
- 42.8
- Average household size
- 2.1
- Median household income
- $62,800
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Industrial in Windsor · last 12 months
- Median sold price
- $477,500
- Homes sold
- 78
- Median days on market
- 34
- Sale-to-list price
- 97.6%
Based on 78 recorded sales of industrial properties in Windsor over the last 12 months.
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