761 ASSUMPTION STREET, Windsor

$398,888

For sale: Multiplex

Multiplex at 761 ASSUMPTION STREET, Windsor
Property type
Multi-family
MLS®
MLS® 26016327

THIS PROPERTY CASH FLOWS. GREAT TENANTS. WELL MAINTAINED. You are likely looking at 10,000+ duplexes, we get it. Focus on this one. Being sold at a 6.5% cap rate, & 1.38 Debt Coverage Ratio at the asking price, generating a provable Annual Net Cash Flow of $7,305 from day one (assuming a 80% Loan to Value mortgage). Fully rented to great tenants that pay on time, and they pay their own utilities on separate hydro & gas meters that shift utility burdens away from the owner. Positioned on an expansive 182-ft deep lot, so tons of room for a future Additional Dwelling Unit (ADU) in the back yard. Additional parking can be added off the alley as well. With a rock-solid Net Operating Income (NOI) of $26,589 and $48,210 in projected mortgage principal reduction over five years, this is a wealth-building asset designed for investors who refuse to settle for average returns. Please allow 36 hours for showings. Cash flow analysis etc. upon request!

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 57, across 72 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.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 $494,450.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 22% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$494,450
Sale-to-list ratio
96.8%
Sold above asking
22%

Based on 72 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 761 ASSUMPTION STREET