1603-1611 UNIVERSITY AVENUE West, Windsor

$499,900

For sale: Other

Other at 1603-1611 UNIVERSITY AVENUE West, Windsor
Property type
Industrial
MLS®
MLS® 26014555

EXCEPTIONAL MIXED-USE INVESTMENT OPPORTUNITY IN A HIGH-DEMAND RENTAL CORRIDOR! STRONG INCOME POTENTIAL WITH PROJECTED GROSS ANNUAL INCOME OF APPROXIMATELY $64,800 ACROSS 4 UNITS. SITUATED ON THE CORNER OF UNIVERSITY AVE. W. AND MCEWAN AVE. THIS MOSTLY BRICK TWO-STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, NEWER ROAD/SIDEWALK, STRONG RENTAL DEMAND, AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE— ONE CURRENTLY TENANTED AND THE OTHER OWNER OCCUPIED — SECOND FLOOR CONSISTS OF TWO SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, BOTH FULLY OCCUPIED BELOW-MARKET RENTS, PRESENTING FUTURE UPSIDE POTENTIAL. PROPERTY FEATURES INCLUDE A LARGE ASPHALT SURFACE LOT TO ACCOMMODATE 12 PARKING SPACES, 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE MAIN FLOOR, HOT WATER TANK OWNED. THIS IS AN EXCELLENT OPPORTUNITY TO ADD A VERSATILE INCOME-PRODUCING PROPERTY TO YOUR PORTFOLIO. SELLER MAKES NO REPRESENTATIONS OR WARRANTEES, THE BUYER IS TO COMPLETE THEIR OWN DUE DILLIGENCE.

Sold data

Homes in Windsor — recent sold market

Homes in Windsor took a median of 34 days to sell over the last 365 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 66, across 79 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.

The median sale price was $499,000.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 23% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$499,000
Sale-to-list ratio
96.7%
Sold above asking
23%

Based on 79 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Windsor

Windsor has 67 Fraser Institute–rated schools (53 elementary and 14 secondary), averaging 5.9/10.

Rated schools
67
Elementary
53
Secondary
14
Average rating
5.9 / 10

Top-rated schools in Windsor

  • Al-Sadeq Academy — elementaryFraser rating 10.0/10
  • Bellewood — elementaryFraser rating 9.7/10
  • St Rose — elementaryFraser rating 8.9/10
  • Our Lady of Mount Carmel — elementaryFraser rating 8.5/10
  • An-Noor — elementaryFraser rating 8.1/10
  • St Gabriel — elementaryFraser rating 7.9/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1603-1611 UNIVERSITY AVENUE West