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!
PROPERTY SPECS
Price $5,800,000
City Windsor, Ontario
Address 1250-1260 OUELLETTE Avenue
Listing ID 24007719
Construction Brick
Roof Asphalt
Flooring Mixed Flooring
Land Size 100.47 x 207+
Type Multi-Family
Status For Sale
EXTENDED FEATURES
SubtypeOver 12 UnitsAcreage0.500OwnershipFreeholdBuilding AmenitiesLaundry Facility, Public Transportation Nearby, Shopping AreaAppliancesDryer, Refrigerator, Stove, WasherFoundationBlockHeating / CoolingBoilerHeating FuelNatural GasHot Water TankGasUtility WaterMunicipal WaterSewerSanitaryDate ListedApr 15, 2024Days on Market14