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531 MILL STREET

$2,179,000

531 MILL STREET, Windsor, Ontario, N9C 2R7

MLS® # 26012867

Windsor ON, N9C 2R7

MLS® # 26012867

Property Information:

Welcome to 531 Mill street. This Three-storey, 12-unit brick apartment building is located in one of Windsor's most reliable rental corridors near the University of Windsor. This solid, well-maintained property offers eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. The building is 11 of 12 units tenanted, with one vacant bachelor suite ready to lease, allowing the new owner to set their own market rent while stepping into a near-stabilized income property. On-site parking adds valuable convenience for tenants. The building is serviced by a functional boiler heating system. Twelve new individual hydro meters provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. Assumable 4.25% fixed mortgage with 9.5 years left-offering strong financial advantage in today's rates. CMHC-insured, this property provides immediate cash flow and long-term investment potential. Contact us today! (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Exterior Finish: Brick
Flooring Type: Hardwood, Laminate, Other
Foundation Type: Concrete
Heating Type: Boiler, Radiant heat
Heating Fuel: Natural gas

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Irregular: Yes
Lot Size: 90 FT FRONTAGE X N/A / 0.291 AC
Zoning: RD3.1
Parking Type: Other
No. of Parking Spaces: 12

Courtesy of: MANOR WINDSOR REALTY LTD.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 531 MILL STREET, Windsor, Ontario, N9C 2R7

Lifestyle
Neighbourhood

Demographic Information of 531 MILL STREET, Windsor, Ontario, N9C 2R7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$63,251.36

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.62 %

High school certificate or equivalent

29.73 %

Apprenticeship trade certificate/diploma

2.55 %

College/non-university certificate

17.74 %

University certificate (below bachelor)

0.05 %

University Degree

30.31 %

Commuter

Travel To Work

By Car

73.57 %

By Public Transit

12.02 %

By Walking

1.15 %

By Bicycle

0.0 %

By Other Methods

13.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.9 %

Houses

34.1 %

Own Vs. Rent