For Sale - 1250-1260 OUELLETTE Avenue, Windsor, Ontario

Est payment $29,162/mo
Views   12
Time on Jump  13 day
Introducing the iconic paramount building at giles & ouellette in windsor! Add 34 units to your real estate investment portfolio with a mix of 1 & 2 bedroom units and onsite laundry. Positioned on ½ an acre of valuable land, 1250-1260 ouellette offers abundant parking with room for future expansion. Prime a+ location with a high walking score providing low vacancy & demand for rentals. Walking distance to parks, pharmacy, grocery, tim hortons, amenities and services. Situated on a bus route and steps from windsor regional hospital. This impressive building is almost fully tenanted and professionally managed. Separately metered for hydro with an opportunity to improve current rents as tenants turn over. Updates include newer roofs (2020/2022), boiler #1(2015), boiler #2(rebuilt 2024), common areas, laundry machines & unit renovations. Income & expenses available upon request. Current noi 271k!
Listing ID24007719
Address1250-1260 OUELLETTE Avenue
CityWindsor, Ontario
Price$5,800,000
ConstructionBrick
FlooringMixed Flooring
Land Size100.47 x 207+
TypeMulti-Family
StatusFor Sale
Subtype Over 12 UnitsAcreage 0.500Ownership FreeholdBuilding Amenities Laundry Facility, Public Transportation Nearby, Shopping AreaAppliances Dryer, Refrigerator, Stove, WasherFoundation BlockHeating / Cooling BoilerHeating Fuel Natural GasHot Water Tank GasUtility Water Municipal WaterSewer Sanitary
Date Listed Apr 15, 2024Days on Market 14

Jump Listing Agent

Jessica Spiteri

Sales Representative

(519) 919-5867


Listing Agent:  Jessica Spiteri
Listing Agency:  JUMP REALTY INC.
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