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531 Mill Street Windsor, Ontario N9C 2R7

Boiler, Radiant Heat

$2,249,000

Welcome to 531 Mill street. This Three-storey, 12-unit brick apartment building is located in one of Windsor's most reliable rental corridors near the University of Windsor. This solid, well-maintained property offers eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. The building is 11 of 12 units tenanted, with one vacant bachelor suite ready to lease, allowing the new owner to set their own market rent while stepping into a near-stabilized income property. On-site parking adds valuable convenience for tenants. The building is serviced by a functional boiler heating system. Twelve new individual hydro meters provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. Assumable 4.25% fixed mortgage with 9.5 years left-offering strong financial advantage in today's rates. CMHC-insured, this property provides immediate cash flow and long-term investment potential. Contact us today! (id:61445)

Property Details

MLS® Number 26009533
Property Type Multi-family
EquipmentType Water Heater
RentalEquipmentType Water Heater

Building

ExteriorFinish Brick
FlooringType Hardwood, Laminate, Other, Cushion/lino/vinyl
FoundationType Concrete
HeatingFuel Natural Gas
HeatingType Boiler, Radiant Heat
StoriesTotal 3
Type Multi-family

Parking

Other 12

Land

Acreage No
SizeIrregular 90 Ft Frontage X N/a / 0.291 Ac
SizeTotalText 90 Ft Frontage X N/a / 0.291 Ac
ZoningDescription Rd3.1

https://www.realtor.ca/real-estate/29671838/531-mill-street-windsor

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Mustapha Sinjari
Sales Person


Manor Windsor Realty Ltd. - 455
3276 Walker Rd
Windsor, Ontario N8W 3R8

Suhail Mohamed
Real Estate Agent


Manor Windsor Realty Ltd. - 455
3276 Walker Rd
Windsor, Ontario N8W 3R8

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