1250-1260 OUELLETTE AVENUE, WINDSOR

2024-04-16
 

Quick Summary

Location
1250-1260 OUELLETTE AVENUE, WINDSOR, Ontario N8X1J5
Price
$5,500,000 CAD
Status:
For Sale
Property Type:
Multi-family

MLS®#24007719

Property Description

Introducing the Iconic Paramount Building at Giles and Ouellette in Windsor! Add 34 units to your real estate investment portfolio with a mix of 1 and 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 ensuring low vacancy and demand for rentals. Walking distance to parks, pharmacy, grocery, professional services, Tim Hortons and amenities. 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 in 2024), Common Areas, Laundry Machines, Unit Renovations. Income and Expenses available upon request. Current NOI 287K and 5%+Cap Rate with 8%+potential. LTA Applies. (id:32467)

Property Features

Building

  • Amenities: Laundry Facility, Shopping Area
  • Exterior Finish: Brick
  • Fireplace: No
  • Flooring Type: Mixed Flooring
  • Stories: 3.5

Land

  • Land Size: 100.47 x 207+

Ownership

  • Type: Freehold

Zoning

  • Description: CD3.5

Information entered by JUMP REALTY INC.
Listing information last updated on: 2024-08-04 04:47:37


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$500,000

Your One Percent Realty Commission savings

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What is the deal exactly, with One Percent?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.

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Learn more about the One Percent Realty Deal

 

Laurie Arruda Salesperson

Phone:
5199194773
Email:
lauriearruda1@gmail.com
Support Area:
Windsor, Essex County, Chatham-Kent

A Real Estate professional in the Windsor – Essex County and surrounding areas for the last 17 yea ...

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LEI SHEN Salesperson

Phone:
5199916547
Email:
shenlei0717@gmail.com
Support Area:
Windsor and Essex country

...

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Jenny Jin REALTOR

Phone:
5198009977
Email:
citywindsorhomes@gmail.com
Support Area:
Windsor Essex County

Hello, I'm Jenny Jin, I am a long time resident in Windsor city, a very beautiful, friendly and ...

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