531 MILL STREET, Windsor

$2,150,000

For sale: Multiplex

Multiplex at 531 MILL STREET, Windsor
Property type
Multi-family
MLS®
MLS® 26019614

Welcome to 531 Mill street. This Three-storey, 12-unit brick apartment building is located in one of Windsor's most reliable rental corridors near the University of Windsor. This solid, well-maintained property offers eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. The building is 11 of 12 units tenanted, with one vacant bachelor suite ready to lease, allowing the new owner to set their own market rent while stepping into a near-stabilized income property. On-site parking adds valuable convenience for tenants. The building is serviced by a functional boiler heating system. Twelve new individual hydro meters provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. Assumable 4.25% fixed mortgage with ~9.5 years left-offering strong financial advantage in today's rates. CMHC-insured, this property provides immediate cash flow and long-term investment potential. Contact us today!

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.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 531 MILL STREET