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476 Giles West Windsor, Ontario N9A 6H6

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Baseboard Heaters, Forced Air

$920,000

An EXCELLENT fully occupied 8-unit property in a desirable central Windsor neighborhood with a mix of studio, 1, 2, and 3 bedroom units. Included 8 stoves, 8 fridges, furnaces, and hot water tanks (all OWNED - no rental equipment). Well-maintained, brick-to-roof, with a brand NEW ROOF (2021). This PROFITABLE property generates a rental income of $81,006 with minimal expenses of $15,998 (property tax, insurance, and shared utilities), producing a SOLID net income of $65,008 annually (more than 7% cap rate!), with a significant potential INCREASE based on market rents, and extra income opportunity from the detached garage or addition of coin-op laundry. Buyer is responsible for making their inquiries regarding permitted uses. (id:22529)

Property Details

MLS® Number 22009552
Property Type Multi-family

Building

Exterior Finish Brick
Flooring Type Hardwood
Foundation Type Block
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Type Multi-family

Parking

Other 2

Land

Acreage No
Size Irregular 50 X 105
Size Total Text 50 X 105
Zoning Description Rd 3.1

Rooms

Level Type Dimensions
Second Level 4pc Bathroom Measurements not available
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Second Level Living Room Measurements not available
Second Level Kitchen Measurements not available
Second Level Kitchen Measurements not available
Lower Level 4pc Bathroom Measurements not available
Main Level 4pc Bathroom Measurements not available
Main Level 4pc Bathroom Measurements not available
Main Level Bedroom Measurements not available
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Main Level Bedroom Measurements not available
Main Level Living Room Measurements not available
Main Level Living Room Measurements not available
Main Level Kitchen Measurements not available
Main Level Kitchen Measurements not available

https://www.realtor.ca/real-estate/24393856/476-giles-west-windsor