1603-1611 UNIVERSITY Avenue
Windsor, Ontario
Industrial
EXCEPTIONAL MIXED-USE INVESTMENT OPPORTUNITY IN A HIGH-DEMAND RENTAL CORRIDOR! STRONG INCOME POTENTIAL WITH PROJECTED GROSS ANNUAL INCOME OF APPROXIMATELY $64,800 ACROSS 4 UNITS. SITUATED ON THE CORNER OF UNIVERSITY AVE. W. AND MCEWAN AVE. THIS MOSTLY BRICK TWO-STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, NEWER ROAD/SIDEWALK, STRONG RENTAL DEMAND, AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE— ONE CURRENTLY TENANTED AND THE OTHER OWNER OCCUPIED — SECOND FLOOR CONSISTS OF TWO SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, BOTH FULLY OCCUPIED BELOW-MARKET RENTS, PRESENTING FUTURE UPSIDE POTENTIAL. PROPERTY FEATURES INCLUDE A LARGE ASPHALT SURFACE LOT TO ACCOMMODATE 12 PARKING SPACES, 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE MAIN FLOOR, HOT WATER TANK OWNED. THIS IS AN EXCELLENT OPPORTUNITY TO ADD A VERSATILE INCOME-PRODUCING PROPERTY TO YOUR PORTFOLIO. SELLER MAKES NO REPRESENTATIONS OR WARRANTEES, THE BUYER IS TO COMPLETE THEIR OWN DUE DILLIGENCE.
Price History
Community
Postal area N9B
- Population
- 19,613
- Private dwellings
- 8,223
- Median age
- 30.2
- Average household size
- 2.7
- Median household income
- $59,600
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.
Location
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?