For Sale · Multifamily

669-677 Marentette, Windsor

669-677 Marentette, Windsor, ON N9A1Z3

$839,900 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

88%

About this property

Welcome to this one-of-a-kind oversized fourplex offering an outstanding investment opportunity in Windsor location. Situated on an impressive 89.5 x 120 ft lot, this rare income property features a total of 14 bedrooms +1 and 6 bathrooms +1, providing exceptional cash-flow potential.The property consists of four spacious units. The two units at 677 (upper and lower) each offer 5 bedrooms and 2 bathrooms and have been recently renovated, making them highly attractive for today's rental market. The two units at 669 (upper and lower) each feature 2 bedrooms and 1 full bathroom, offering comfortable and functional living spaces.All four units are vacant, giving the new owner the rare opportunity to select their own tenants and achieve maximum market rents from day one. Each unit has its own separate hydro meter, making utility management convenient for both owners and tenants.A finished basement provides additional flexibility and future potential for extra rental income or storage, subject to buyer verification and all applicable municipal approvals. The oversized lot offers ample parking and generous outdoor space, adding even more value to this exceptional property.Whether you're a seasoned investor looking to expand your portfolio or an owner-occupier seeking substantial rental income to offset your mortgage, this is a truly rare opportunity. A must see property. (id:66811)

Financial sandbox

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Estimate
Purchase price$840K
Down payment30% · $252K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$31K

Annual cash flow

$-15K

Cash-on-cash

-6.05%

DSCR

0.67

Going-in cap

3.72%

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

128,325

Households

48,026

Median income

$117,500

Median age

35.4

Daytime population

136,959

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 669-677 Marentette, 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.