1603-1611 University Avenue West Windsor, Ontario N9B 1C3

$599,000

EXCEPTIONAL MIXED-USE INVESTMENT OPPORTUNITY IN A HIGH-DEMAND RENTAL CORRIDOR! THIS RUSTIC PROPERTY OFFERS STRONG INCOME POTENTIAL WITH PROJECTED GROSS ANNUAL INCOME OF APPROXIMATELY $64,800 ACROSS 4 UNITS. SITUATED ON THE CORNER OF UNIVERSITY AVE. W. AND MCEWAN AVE. THIS MOSTLY BRICK TWO-STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, STRONG RENTAL DEMAND, UPDATED STREET/SIDWALK AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE-ONE CURRENTLY TENANTED AND THE OTHER OWNER OCCUPIED. SECOND FLOOR CONSISTS OF TWO SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, BOTH FULLY OCCUPIED BELOW MARKET RENTS, PRESENTING FUTURE UPSIDE POTENTIAL. PROPERTY FEATURES INCLUDE A LARGE ASPHALT SURFACE LOT TO ACCOMMODATE 12 PARKING SPACES, MOST VINYL REPLACED WINDOWS, 2 GAS METERS, 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE MAIN FLOOR, NEWER OWNED HOT WATER TANK, NEWER BOILER FOR RADIANT HEAT FOR THE UPPER UNITS. EASY ACCESS TO THE AMBASSADOR BRIDGE, UNIVERSITY OF WINDSOR AND RIVERFRONT TRAILS, THIS IS AN EXCELLENT OPPORTUNITY TO ADD A VERSATILE INCOME-PRODUCING PROPERTY TO YOUR PORTFOLIO. SELLER MAKES NO REPRESENTATIONS OR WARRANTEES, THE BUYER IS TO COMPLETE THEIR OWN DUE DILLIGENCE. (id:60121)

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