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$ 389,000
Est. payment | /mo
$ 389,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 26015669
Year Built 1918
Property Sub-Type Freehold
Property Description
Attention investors! Exceptional turnkey income property offering outstanding cash flow potential in one of Windsor's strongest rental markets, just steps from the University of Windsor. This spacious 6-bedroom home is ideally configured for student or shared accommodation, with market rental rates of approximately $600 per room, providing excellent income potential. The property is currently generating income with 3 rooms leased at $600/month. The three additional vacant rooms can be leased by the seller prior to closing, subject to the provisions of the Agreement of Purchase and Sale or can be kept vacant if the Buyer so chooses. In 2025, the property generated over $43,000 in gross rental revenue with operating expenses consisting of approximately $1,825 (gas), $3,712 (hydro & water), $2,274.12 (property taxes), $500 (hot water tank rental), and $2,508 (insurance), resulting in an impressive 2025 Net Operating Income (NOI) of $32,700. Located in a high-demand rental area with consistent tenant demand due to its proximity to the University of Windsor, this property offers investors an excellent opportunity to acquire a proven income-producing asset with additional upside through full occupancy. Whether you're looking to expand your investment portfolio or purchase your first cash-flowing property, this is an opportunity you won't want to miss.* MLS Listing Pictures were taken were taken prior to current tenants moving in * * Front porch windows have been damaged and will need to be replaced * (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Second level Measurements not available 3pc Bathroom
Extra Room 2 Second level 12.10 x 14 Bedroom
Extra Room 3 Second level 10 x 10.11 Bedroom
Extra Room 4 Second level 8.11 x 10.10 Bedroom
Extra Room 5 Second level 8.11 x 9.11 Bedroom
Extra Room 6 Main level Measurements not available 3pc Bathroom
Interior
Heating Forced air,
Flooring Laminate
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Sewer Unknown
Others
Ownership Freehold
Listed by Royal LePage Key Realty
Nearby Locations
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