476 Giles West Windsor, Ontario N9A 6H6
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$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 | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Living Room | Measurements not available | ||
| 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 | ||
| Main Level | Bedroom | Measurements not available | ||
| 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
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May 12 2022 05:18:14
Windsor-Essex County Association of REALTORS®
Keller Williams Lifestyles Realty