For Sale · Industrial

1573 ERIE STREET East, Windsor

1573 ERIE STREET East, Windsor, ON N9A4A3

$1.3M total

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

99%

Clear height

24 ft

Loading docks

8

About this property

Don't miss this unique commercial property in the heart of Walkerville at the high-traffic intersection of Erie Street & Lincoln Road! Featuring 3 bedroom apartment, this property offers multiple income, business-use opportunities. Ideally located close to Downtown and 10+ schools, it provides excellent visibility, accessibility, and strong investment potential. A versatile property with endless possibilities for investors and entrepreneurs. It has the potential of approx $80,000 & more annually. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$65K

Annual cash flow

$-4K

Cash-on-cash

-1.16%

DSCR

0.94

Going-in cap

5.19%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

132,977

Households

50,317

Median income

$91,500

Median age

45.2

Daytime population

216,314

5-yr growth

9.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1573 ERIE STREET East, Windsor.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.