1603-1611 UNIVERSITY AVENUE West - $475,000.00


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Property Specs:

Price$475,000.00
CityWindsor, ON
Address1603-1611 UNIVERSITY AVENUE West
Listing ID26023802
Land Size40.58 X 152.33 FT
TypeHouse
StatusFor sale

Extended Features:

Features Corner Site, Visual exposureOwnership FreeholdCooling Air ConditionedHeating Radiant heatHeating Fuel Electric, Natural gas

Details:

MIXED-USE INVESTMENT OPPORTUNITY IN A HIGH-DEMAND RENTAL CORRIDOR! THIS 4- UNIT PROPERTY FEATURES A PAVED PARKING LOT AND IS PROMINENTLY SITUATED AT THE CORNER OF UNIVERSITY AVE. W. AND MCEWAN AVE. THIS MOSTLY BRICK, TWOSTOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, STRONG RENTAL DEMAND, UPDATED STREET/SIDEWALK IMPROVEMENTS 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 FRESHLY PAINTED SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, NEW OWNER HAS THE FLEXIBILITY TO SELECT TENANTS AND ESTABLISH RENTAL RATES OFFERING EXCELLENT INCOME AND UPSIDE POTENTIAL. PROPERTY FEATURES INCLUDE APPROX. 12 PARKING SPACES, 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE MAIN FLOOR, AND OWNED HOT WATER TANK. EXCELLENT OPPORTUNITY TO ADD A VERSATILE INCOME-PRODUCING PROPERTY TO YOUR PORTFOLIO. (id:4555)


Pauline Lanoue
Pauline Lanoue Sales Representatives (519) 796-5701 (519) 796-5701

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LISTING OFFICE:
Buckingham Realty, Mary Ann Marietti

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