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TURN KEY INVESTMENT OPPORTUNITY WITH PROMISING $66,000 ANNUAL GROSS RENTAL INCOME (APPROX) IN A HIGH-DEMAND CORRIDOR! THIS MIXED USE 4-UNIT PROPERTY FEATURES A 12 CAR PAVED PARKING LOT AND IS PROMINENTLY SITUATED AT A CORNER LOCATION. THIS 2 STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, STRONG RENTAL DEMAND, UPDATED STREET/SIDEWALK IMPROVEMENTS, WALKING DISTANCE TO UNIVERSITY OF WINDSOR AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE, ONE UNIT IS CURRENTLY OWNER OCCUPIED. THE SECOND FLOOR CONSISTS OF TWO NEWLY REFURBISHED, FRESHLY PAINTED SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, NEW OWNER HAS THE FLEXIBILITY TO SELECT TENANTS AND ESTABLISH CURRENT RENTAL RATES OFFERING EXCELLENT INCOME AND UPSIDE POTENTIAL. 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE COMMERCIAL UNITS, NEWER ENERGY EFFICIENT GAS HOT WATER TANK OWNED. BUYER TO COMPLETE THEIR OWN DUE DILIGENCE. SELLER HAS THE RIGHT TO ACCEPT OR REJECT ANY AND ALL OFFERS. (id:64906)
1603-1611 UNIVERSITY Avenue is located in Windsor, Ontario, with a current listing price of $475,000. This multi-family property is currently available.
Interested in learning more about 1603-1611 UNIVERSITY Avenue? Review the property details above — including taxes, year built, lot size, construction, interior and exterior features, parking, and any neighbourhood amenities in the Windsor area as filed by the listing brokerage.
Looking to explore the wider area? Discover more about living here with a local Windsor REALTOR®, including active listings, local highlights, and market data tailored to buyers exploring the area. If you're a homeowner, we also offer a free home evaluation in Windsor.
You can also contact Cesar Arazian to book a private tour of MLS® 26023803 or other homes for sale in Windsor. Our team provides expert guidance across the Windsor and Windsor-Essex real estate market — call 519-903-5117 to connect with an agent today.
A quick estimate based on this property's list price. Run the full numbers — including closing costs and Ontario land-transfer tax — on the Tools page.
Principal & interest only. Excludes property tax, insurance, condo fees, and CMHC where applicable.
Listing courtesy of Seamus Power, Buckingham Realty (Windsor) LTD..
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