531 MILL Street
Windsor, Ontario
Multi-family
Welcome to 531 Mill street. This Three-storey, 12-unit brick apartment building is located in one of Windsor's most reliable rental corridors near the University of Windsor. This solid, well-maintained property offers eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. The building is 11 of 12 units tenanted, with one vacant bachelor suite ready to lease, allowing the new owner to set their own market rent while stepping into a near-stabilized income property. On-site parking adds valuable convenience for tenants. The building is serviced by a functional boiler heating system. Twelve new individual hydro meters provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. Assumable 4.25% fixed mortgage with 9.5 years left-offering strong financial advantage in today's rates. CMHC-insured, this property provides immediate cash flow and long-term investment potential. Contact us today!
Price History
Schools
Elementary
- General Brock Public School0.5 km
Public · Greater Essex County DSB · 400 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Assumption Middle School1 km
Catholic · Windsor-Essex CDSB · 245 students
- Marlborough Public School1.3 km
Public · Greater Essex County DSB · 480 students
Grade 3 reading: 32% met the provincial standard · Grade 6 math: 24% met the provincial standard
Secondary
- Assumption College School1.1 km
Catholic · Windsor-Essex CDSB · 905 students
Grade 10 literacy: 89% met the provincial standard
- Westview Freedom Academy Secondary School1.6 km
Public · Greater Essex County DSB · 710 students
Grade 10 literacy: 27% met the provincial standard
- Windsor Public Alternative Secondary School2.1 km
Public · Greater Essex County DSB · 250 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N9C
- Population
- 12,538
- Private dwellings
- 5,838
- Median age
- 32.8
- Average household size
- 2.3
- Median household income
- $54,000
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
Multi-family 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 multi-family properties in Windsor over the last 12 months.
Location
Mortgage Calculator
$449,800
Estimated Monthly Payment
$11,049
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $11,049/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $562/mo
Estimates only. Consult a financial advisor.
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