$2,895,000
Available - For Sale
Listing ID: X9236147
1804 Drouillard Rd , Windsor, N8W 3X5, Ontario
| BRAND NEW Reconstructed/Rebuilt 12 Unit Multi-Residential building completed in March 2024. Where luxury meets convenience. Property is Fully Tenanted! Building consist of 6 - One Bedroom Units and 6 - Bachelor Units. Bank Appraisal at $3.1M. Selling BELLOW Appraised value! Gross Annual revenue around $200k with current Cap Rate of 5.7%. Projected Cap Rate at 7.2% in Year 2026. New Re-construction Doesn't Fall Under Ontario Rent Control. All units finished with Well-Equipped Kitchen & Modern 3-Piece Bathroom. Add this Brand-New Turn-Key 12 Unit Multi-Family Property to your real estate investment portfolio. Steps to Stellantis Chrysler Plant, McDonalds, Tim Hortons, Burger King, close to Windsor Regional Hospital, Stellantis Battery Plant, Metro Grocery, Ceasers Palace, Detroit-Windsor Tunnel. High-Tech Network System - Keyless Entry System throughout the Building and Units - No Keys Required! On-Site coin-operated Laundry Room. Financial Information Available. |
| Extras: All 12 Units Above Ground! 12 Stainless Steel Fridge, 12 Stainless Steel Microwave/Hood, 12 Cooktops |
| Price | $2,895,000 |
| Taxes: | $6096.00 |
| Address: | 1804 Drouillard Rd , Windsor, N8W 3X5, Ontario |
| Lot Size: | 45.00 x 100.00 (Feet) |
| Directions/Cross Streets: | Tecumseh Rd E / Drouillard Rd |
| Rooms: | 12 |
| Bedrooms: | 9 |
| Bedrooms +: | 3 |
| Kitchens: | 9 |
| Kitchens +: | 3 |
| Family Room: | N |
| Basement: | Finished, Part Bsmt |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick, Concrete |
| Garage Type: | None |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 5 |
| Pool: | None |
| Approximatly Square Footage: | 5000+ |
| Property Features: | Hospital, Place Of Worship, Public Transit, Rec Centre, School, School Bus Route |
| Fireplace/Stove: | N |
| Heat Source: | Electric |
| Heat Type: | Heat Pump |
| Central Air Conditioning: | Wall Unit |
| Laundry Level: | Main |
| Elevator Lift: | N |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Hydro: | Y |
| Utilities-Gas: | Y |
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Ritu Anand
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Essex |
| Municipality: | Windsor |
| Style: | 2-Storey |
| Lot Size: | 45.00 x 100.00(Feet) |
| Tax: | $6,096 |
| Beds: | 9+3 |
| Baths: | 12 |
| Fireplace: | N |
| Pool: | None |
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