For Sale · Land

3875 HOWARD Avenue, Windsor

3875 HOWARD Avenue, Windsor, ON N9G1N6

$400,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

86%

About this property

Investors and developers take note - value in the land with the bonus of a house that can generate you income while you wait to build. Welcome to 3875 Howard Avenue! This versatile raised bungalow sits on an expansive approximately 60 ft x 181 ft deep lot offering rare space and and so much future potential. Boasting 4 bedrooms, 2 full bathrooms, and 2 kitchens, this layout is perfectly suited for multi-generational living, extended families, or savvy investors bringing their own touch. This home provides comfortable living areas and plenty of room to adapt to your lifestyle. Outside, the deep, fully usable backyard features a detached storage shed and ample room for gardening and outdoor entertaining. Conveniently located 4 minutes to Devonshire mall and Roseland golf, 6 minutes to the 401 and close to other amenities and schools. Don't miss the opportunity to unlock the incredible value and possibilities this standout property has to offer! (id:66811)

Financial sandbox

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Estimate
Purchase price$400K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$15K

Annual cash flow

$-8K

Cash-on-cash

-6.32%

DSCR

0.66

Going-in cap

3.64%

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

43,495

Households

18,412

Median income

$109,000

Median age

34.4

Daytime population

53,204

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 3875 HOWARD Avenue, 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.