1139-1175 University Avenue W,Windsor, ON N9A5T1
Windsor, ON N9A5T1
Description
***Rare & Exceptional Investor Opportunity*** Fully Tenanted Mixed-Use Freestanding Building: 7 Residential (2 Bdrm Each) & 3 Commercial Units. 10 Doors Of Diversified Income, All Fully Rented, Delivering An Outstanding 10%+ Cap Rate. In a market where Windsor Cap Rates Average 6-8%, This Asset Stands Alone. Ideally Located On University Ave W - Centrally Positioned Between The University Of Windsor & Downtown Windsor, Windsor's Highest-Demand Rental & Commercial Corridor. Walk To The Detroit River Waterfront & Scenic Riverside Trail In Under 5 Minutes. LOCATION UPSIDE: The City Of Windsor's Nearly $20-Million University Ave W Reconstruction Is Underway - Delivering Brand New Street Lighting, Protected Bike Lanes, & Complete Road Rehabilitation Right At Your Front Door. This City-Funded Streetscape Upgrade Is Transforming The Corridor Into A Premier Pedestrian & Commercial Strip, Directly Benefiting The 3 Ground-Floor Commercial Units. Properties Along This Corridor Also Qualify For City Of Windsor CIP Facade & Building Improvement Grants - A Rare Incentive That Attracts & Retains Quality Commercial Tenants. All 10 Units Have Separate Hydro Meters - Tenants Pay Their Own Hydro. 10+ Surface Parking Spaces Included. Recent Capital Improvements: New Windows, Exterior Doors, Electrical Panels Throughout, & Carrier Split-Unit HVAC Per Residential Unit. Hundreds Of Thousands Spent In Upgrades - Completely Turnkey. Windsor's Economy Is Booming: Gordie Howe International Bridge Now Operational. Canada's First Commercial-Scale Battery Plant Launched In Windsor (2026) - 2,500+ New Jobs Driving Strong Rental & Commercial Demand. A True Generational Income Asset. ***Don't Miss This Opportunity ***. (id:13843)
Details
| MLS # | X13246134 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Days On Site | 140 |
| Listing Provided By | RE/MAX REAL ESTATE CENTRE INC. | IRSHAD A. KHAN |
Features
| SQ Feet | 7,933 |
|---|---|
| Zoning | 341 Multi-Resid. W/ Small Commer |
Interior
| Cooling | Partially air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Irregular lot size |
|---|
Parking
| Parking Total | 10 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 23185.43 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Windsor |
| Postal Code | N9A5T1 |
| Listing VS Median (in N9A5T1) | |
Price: $1,799,000 low | high Med: $1,799,000 sqft: 7,933 low | high Med: 7,933 $ / sqft: $227 low | high Med: $227 On site: 140 low | high Med: 140 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Windsor |
| Postal Code | N9A5T1 |
| Listing VS Median (in N9A5T1) | |
Price: $1,799,000 low | high Med: $1,799,000 sqft: 7,933 low | high Med: 7,933 $ / sqft: $227 low | high Med: $227 On site: 140 low | high Med: 140 | |