Description
Attention Investors! An incredible income opportunity awaits with this commercial property located in the downtown of Windsor. This historical building offers 20 residential units and 4 commercial spaces. With a current cap rate of 8% based on the asking price, this property promises substantial returns. Plus, there's an exciting potential to boost the cap rate to 13.9% with just a 5% increase. Situated in the bustling downtown core, this property provides high visibility and foot traffic, ideal for both businesses and residents. While the building requires some work, this unique property promises tons of potential. This rare opportunity won’t last long, schedule a viewing today!
Listing Details
Address
85 Water Street, Windsor, B0N 2T0
85 Water Street, Windsor, B0N 2T0
Status
SOLD
SOLD
MLS®
202415648
202415648
Type
n/a
n/a
Style
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Square Footage (MLA)
28,620 ft2
28,620 ft2
Total Fin SqFt (TLA)
28,620 ft2
28,620 ft2
PID
45057411
45057411
Water
Municipal
Municipal
Sewer
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Utilities
Cable,Electrical,Municipal Water,Sewer,Telephone
Cable,Electrical,Municipal Water,Sewer,Telephone
Building Specifications
Foundation Type
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Roof
Rolled
Rolled
Exterior Finish
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Flooring
Other
Other
