2269-71 HOWARD AVENUE
Windsor, Ontario
MLS® X13757632
$700,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13757632
- Bedrooms
- 6
- Bathrooms
- 5
- Year built
- —
1 / 47Listing description
Invest In A Turnkey, Cash-Flowing Fourplex In The Heart Of Central Windsor! Featuring Four Self-Contained 1-Bedroom, 1-Bathroom Units, Each With Its Own Living Room, Kitchen And Upgraded Appliances. Current Rents Are Unit 1: $1,150 + $50 Wi-Fi, Unit 2: $1,435, Unit 3: $1,435 + $50 Wi-Fi And Unit 4: $1,435 + $50 Wi-Fi.
With The Vacant Lower-Level 2-Bedroom, 1-Bathroom In-Law Suite At An Estimated $1,500/Month, Projected Total Income Is $7,155/Month / $85,860 Annually, With A Projected NOI Of $69,506 And Nearly 10% Pro Forma Cap Rate. The Renovated Lower-Level Walkout Features Its Own Kitchen And Living Room, Offering Additional Rental Upside Or The Flexibility To Occupy The Space. Shared Pay-Per-Use Laundry Provides An Additional Revenue Stream.
Ideally Located Near Devonshire Mall, Transit, Shopping, E. C. Row Expressway, Highway 401, Downtown Windsor And The USA Border.
Features Include 4-5 Rear Parking Spaces, Exterior PVR Security Cameras, 4 Hydro Meters, 2 Owned Hot Water Tanks And An Owned Furnace. Recent Improvements Include Roof Upgrades And A New Exterior Deck Completed In 2024. A Well-Maintained Income Property Offering Strong Cash Flow, Rental Upside And Excellent Investment Potential.
Don't Miss The Opportunity To Add This Turnkey Income-Producing Property To Your Portfolio!
Property summary
- MLS® number
- X13757632
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 37.3 x 96.6 FT
- Annual property taxes
- $4,819.00
- Parking
- 4 spaces · No Garage
- Days on market
- 8 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Walk out, N/A
- Flooring
- Hardwood
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Exterior features
- Brick, Aluminum siding
- Lot features
- Carpet Free, In-Law Suite
What would this home cost you?
Based on the $700,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX MILLENNIUM REAL ESTATE, WOODBRIDGE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.