1/26915 LENA, Windsor
915 LENA, Windsor, ON N9C3K1
$649,500 total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
85%
Year Built
1980
About this property
ATTENTION INVESTORS! Purpose-built legal fourplex at 915 Lena Ave, offering four spacious 2-bedroom, 1-bathroom units on a great-sized corner lot. Each unit has its own laundry and separate hydro meter. Units 1 & 4 have signed N11s and are expected to be vacant by Oct. 31. Unit 2 rents for $1,200 + hydro and Unit 3 for $682 + hydro. Potential to convert each unit to 3 bedrooms, subject to approvals. Walking distance to the University of Windsor and transit. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$18K
Annual cash flow
$-18K
Cash-on-cash
-9.12%
DSCR
0.51
Going-in cap
2.80%
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
117,768
Households
40,957
Median income
$96,000
Median age
44.7
Daytime population
118,445
5-yr growth
4.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 915 LENA, Windsor.
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.